Using their three-factor stock filtration model, domestic brokerage firm ICICI Direct has arrived at two stocks that it believes have the potential to hand investors significant returns in the near term.
The index has corrected on an average of 9% on every retracement before bouncing back strongly. The recent correction, in ICICI Direct’s view, has helped the index to cool off the overbought condition.
This is mainly because of the erratic movement in bond yields in the US. The US 10-year treasury yields touched 1.6% once again on Friday. This may lead to rising inflation in the US which could prompt central banks to raise