Bajaj Finance, HDFC Bank, 4 others among Axis Securities’ top largecap picks for December

Nifty 50 has seen a broad-based recovery of over 1,500 points since October 2025, after experiencing some pullback in July and August. The rally was led by better-than-expected earnings performance for the first half, optimism building for 15% tariffs for India, early signs of consumption pickup, a stable currency, relative attractiveness in valuations versus other emerging markets, and positive sentiments.Based on these developments and after almost 14 months of underperformance, Nifty touched the all-time high levels. During the same period, the Midcap index was marginally up by 1% while the Smallcap index was still lower by 9%. With this picture, brokerage firm Axis Securities has released its list of top six large-cap picks, with upside potential of up to x%. Market overview