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“One would think that given the significant corrections, over half the basket should be a screaming buy. The reality isn’t quite so,” said the brokerage in a note.
The Sensex and Nifty lost nearly 15% each since the onset of the market downturn on September 26. On Thursday, the Nifty fell 73.30 points or 0.3% to close at 22,397.20. The Sensex declined 200.85 points or 0.3% to 73,828.91.
Financial markets will remain closed in India on Friday on account of Holi. Bernstein said it would be a selective buyer in large cap stocks, especially in power and information technology.
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https://economictimes.indiatimes.com/markets/stocks/news/bernstein-sees-no-upside-in-indian-market-despite-slide/articleshow/119002709.cms
