No runaway rally likely; markets to trade in broad range: Sameer Dalal (opens original article in a new tab)

Equity markets are expected to remain rangebound between 23,000 and 24,500 due to global optimism tempered by domestic uncertainties like crude prices and monsoon risks, with Sameer Dalal recommending a diversified portfolio focused on structural growth themes.

• Equity markets face near-term unevenness due to global optimism and domestic uncertainties like crude prices and monsoon risks
• Sameer Dalal expects Nifty to trade between 23,000 and 24,500 with a rangebound market
• Dalal advocates for a diversified portfolio with focus on structural growth themes like power, consumption, and financials
• Private sector banks are preferred over PSU banks due to independent risk frameworks and stronger balance sheets