ICICI Bank, Inox Wind, HCL Tech among 7 stock picks of Mirae Asset Capital Markets for 2025 | Stock Market News

Markets Outlook 2025 and sectors and stocks to Buy

“Expert View- Despite recent challenges, India’s economic trajectory remains strong, with GDP growth outpacing global peers. As we approach 2025, sectors like IT, Auto, BFSI, and Solar offer promising opportunities. While FPI outflows and inflation risks linger, domestic flows and resilient consumption support the market. Investors should stay patient, keep some cash on hand, and seize potential dips in the coming months for long-term rewards.” said Manish Jain – Director of the Institutional Business (Equity & FI) Division at Mirae Asset Capital Markets.

Sectoral Outlook by Jain of Mirae Asset Capital Markets,

IT sector among favorites –*As we enter in 2025, we believe that a few sectors and segments will outshine others, said Jain: These include IT, which would be the most favoured sector as of now. Trump policies, lower taxes, new trade tariffs will strengthen the dollar and depreciating Rupee could help IT sector. DOGE will push for AI and digitization. Nifty 50 IT weights are near bottom since 2011. Recovery in BFSI segment and the US markets signals potential demand stabilization.*

Auto remains in sweet spot In Auto, 2 wheeler and tractors are expected to lead because of rural market recovery, marriage related spends, strong Kharif crop, and favorable Minimum Support Price. Increase in traction of key industries like construction, mining, agriculture, and capex for infrastructure projects can be positive for CV segment.

Banking, Finacial Services and Insurance (BFSI) In BFSI, it’s time to look at non-lending businesses like Market Infrastructure, Wealth Management, Broking, Insurance etc. High demand for health insurance will continue to grow with economic growth. Consistent rise in Indian equity markets are attracting investors. Robust mutual fund flows and strong momentum in demats will help these non-lending businesses.

Defence in Spotlight In Defence, despite sharp rise in share prices of some of the companies, the sector can be looked at during dips. Supportive policies, export opportunities and rising local defence production can give boost to the sector. Trump is expected to strengthen military capabilities through procurement or strategic alliances. Expect opportunities in Electronic Warfare, Avionics, Radars, Missiles, UAVs and Fighter Craft.*

Power , Solar In Power and Solar 500GW renewable energy capacity expansion, Green Energy Corridor project, Revamped Distribution Sector Scheme (RDSS), Solar Parks, lifetime high orderbooks and strong demand outlook are positive for Solar, RE Financers, Power Infrastructure, EPC players, smart meters, T&D segments

Healthcare Capex theme is playing out for hospitals and diagnostics players. RoE expansion can take some time. Clearance of the Biosecure Act opens-up meaningful growth opportunities for Indian CDMO players. US business of key pharma companies to benefit from easing pricing pressures on the generics, key product approvals and subsequent launches.

Stocks To Buy – Key Stock Picks in the above mentiones segments are as follow

Auto – Endurance Technologies Ltd, UNO Minda Ltd

BFSI – Bank of Baroda and ICICI Bank

IT – HCL Technologies Ltd

Midcap – Inox Wind Energy Ltd

Pharma – Rainbow children

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions.