The Indian stock market’s performance in August showed resilience with NSE Nifty 50 recovering by 16 per cent from the bottom touched on on 17th June. In broader markets, both mid and small cap indices, too, recovered by 22% and 18% for the same period, respectively. Axis Securities in its report noted that the recovery was led by positive FII flows and a robust earning season. The Research and brokerage firm has maintained Nifty’s March 23 target at 18,400 intact. Analysts have suggested to buy 7 large cap stocks — ICICI Bank, SBI, Maruti Suzuki, Coal India, among others to …
