There is a very old theory on the street: When the market does not decline on bad news, it is probably the first indication that the bulls are round the corner. The street reacted to the lower-than-expected GDP numbers as if nothing significant had happened. It suggests that in the two months of relentless selling by FIIs – which saw the Nifty and the broader market correct significantly – a part of this news was already priced in. So there is a real possibility that the bulls might now make a determined comeback attempt.ET Screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
