The market focus, naturally, has been on FII selling this month. In the process, the street seems to have forgotten another reason for the current bearishness: The deadline for implementing the measures market regulator SEBI ordered to curb rising speculation is fast approaching. These measures were announced mid-year, to be implemented towards the end of 2024. So, there is a technical reason as well for the correction. And if the Nifty sees further correction, mid-caps are likely to be hit hard. However, some of them may buck the trend. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
