Telecom Outlook: CLSA expects 20% cumulative tariff hikes for Bharti, VI and Jio by FY25; Airtel top pick

India currently has a base of 70 million 5G smartphones, and CLSA estimates that by March 2025, mobile data penetration will have increased by an additional 11 percentage points to 80 percent. With Jio and Airtel's nationwide 5G rollouts, the India's smartphone market will reach 700 million users by March 2025.

Nifty PSU Bank rallied 61% in 2022; valuation still looks reasonable for PSU banks, says ICICI Direct

Despite the recent surge, domestic brokerage house ICICI Direct believes that the risk-reward still favour PSU Bank valuations and that the valuations remain reasonable for them.

2023 Outlook: Be selective while picking IT stocks; buy Infosys, reduce TCS, says Nomura

The year 2022 has been a tough one for the Indian IT sector. The Nifty IT index has lost 27 percent in this calendar year as against a 3 percent rise in benchmarks. Let's see which IT stock is Nomura's top pick in the large and midcap space. 

Nomura sees Nifty rising just 3% in 2023; Lists 9 top stock picks

The brokerage expects a flattish market return through 2023 on the back of earnings risks and elevated market valuations. It has set a Nifty target of 19,030 for 2023, indicating an upside of just 3 percent.

ICICI Direct sees Nifty hitting 21,200 in 2023 led by IT, banks; Nifty Bank to breach 52k levels

ICICI predicts that Nifty Bank will move beyond 52,000 in 2023 with HDFC Bank leading the index. The brokerage informed that historically, the Bank Nifty has seen gains of more than 60 percent after surpassing its previous highs. We have seen it in 2013 and 2018, it added.

Top 2023 Outlook News

markets

Telecom Outlook: CLSA expects 20% cumulative tariff hikes for Bharti, VI and Jio by FY25; Airtel top pick

markets

Nifty PSU Bank rallied 61% in 2022; valuation still looks reasonable for PSU banks, says ICICI Direct

markets

2023 Outlook: Be selective while picking IT stocks; buy Infosys, reduce TCS, says Nomura

markets

Nomura sees Nifty rising just 3% in 2023; Lists 9 top stock picks