These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of more than 26%

The Indian market, in correction mode for five months, is not a standalone underperformer. A part of the correction does and will continue to happen because of global markets. So, when Dow Jones Futures indicates in the afternoon that it will open with a 1% cut, or Nasdaq is set for a cut of over 2%, expecting the Nifty to end the day in the green is foolhardy. It’s simple: If the US markets are going to drop, there is no way the Indian market, or for that matter any other, whether emerging or developed, will see a standalone uptrend. Yes, there will be phases of relative outperformance. Are Indian markets going through that? Is market behavior indicating that?