BSE Stocks Under Pressure: Avinash Gorakshakar Shares His Outlook After Broker Downgrades

BSE and NMDC came under pressure after cautious brokerage calls weighed on investor sentiment. Jefferies downgraded BSE and cut its target price to ₹2,940, citing risks from the STT hike, RBI bank guarantee norms, the closing auction session, and weaker options volumes. Citi and Goldman Sachs also issued Sell calls on NMDC, with Citi setting a target price of ₹80. Avinash Gorakshakar, Founder of Avinash Mentor Research, shares his view on BSE and NMDC, discussing near-term risks, valuations, market volumes, and the potential impact of the upcoming NSE IPO. The discussion also looks at the long-term outlook for capital market stocks.