Outlook 2025: HDFC Securities predicts modest Nifty 50 returns next year; here’s a look at its model portfolio
Live MintIn a recent report, HDFC Securities has forecasted moderate returns for India’s benchmark Nifty index over the next 12 months. HDFC Securities also expressed a more constructive view on discretionary sectors compared to staples, suggesting that consumer spending could shift towards discretionary goods and services as economic conditions improve. HDFC Securities' Model Portfolio The brokerage shared its top sector-wise stock picks, expressing optimism about Maruti Suzuki and Hero MotoCorp in the auto sector. HDFC Securities' model portfolio FY26 Earnings Outlook Moreover, the brokerage projected a volume-led growth trajectory for FY26, while cautioning that the story of margin expansion is largely over. According to HDFC Securities, the Indian economy's growth in 2025 will be driven by investments and rural consumption, signalling a positive outlook for sectors such as industrials, manufacturing, real estate, and allied industries, as well as rural economy-facing sectors.