Deven Choksey On Market Today | Nifty & Sensex Live | Top Sectors In Focus

Despite robust macros-8%+ GDP, RBI rate cuts, and ₹29,000 cr monthly equity inflows - Dalal Street remains weak and range-bound, with mid/small-caps facing severe pain. Value investor Devan Choksi attributes the correction to past over-valuation: many stocks traded at 70-90x P/E despite 15-20% sustainable growth, leaving no margin of safety. He warns of prolonged time/price correction, especially beyond Nifty 500, but sees large-caps (Reliance, Bharti, L&T, M&M, SBI) as reliable compounders with consistent 15-20% CAGR ahead. Advice: SIP into quality mid/small-cap funds; restructure individual portfolios via professional advisors; focus on businesses with durable growth in housing finance, engineering R&D, auto ancillaries, and ultra-luxury real estate. New buys include Lotus Developers, Tata Technologies, Bajaj Finance trio, and Reliance.