Indian markets closed higher on Friday but ended the week in the red. Broking and capital market stocks took a hit amid SEBI’s ban on Jane Street. On the other hand, defense and energy shares rallied.
SEBI’s action against Jane Street and proposed F&O curbs rattled Indian brokerage stocks. The analyst cautions that this may signal the start of a structural derating for brokers.
The spotlighted companies have delivered strong growth metrics and sector momentum, but also face concerns ranging from stretched valuations to promoter stake issues.