Midcaps to outperform large-caps in near term: Arpit Beriwal

Benchmark equity indices opened firm on Friday with the Auto, metal and oil & gas indices up 1% each. Broader markets outperform, Nifty bank underperforms. Markets await TCS  quarterly results in the evening. Arpit Beriwal of Motilal Oswal Financial Services spoke to Money9 on how to approach the current markets. "Investors must scout for opportunities in midcaps and select large-caps amid the current market scenario. Focus for the near term will be on the broader markets. Investors are advised to stay with select stocks and sectors", he said. He also believes that stocks in the Tata group will continue to buzz and provide trading opportunities.

Stock Recommendations

HCL Tech | Buy | Stop Loss: 1275 | Target: 1375 Voltas | Buy | Stop Loss: 1240 | target: 1360