Looking for value in the new Samvat? Here are the top large-cap picks

With the correction over the last few months and Nifty valuations closer to its 10-year average, brokerages believe it is time to selectively buy good quality businesses at reasonable prices

After a stellar Samvat 2073 that saw most indices rise by over 20 per cent, the past year or Samvat 2074 has not been as rewarding. Barring the large-cap indices S&P BSE Sensex and Nifty50, many others ended in the red. If last year was about toning down investor expectations, for Samvat 2075 brokerages, while being cautious, see pockets of value emerge across sectors. The cautious stance is due to multiple headwinds such as expensive oil, weak rupee, impact of IL&FS default on non-banking financial companies (NBFC), uncertainty over political outcomes in state and general elections, and global trade wars.