 "Time to get defensive on Indian stocks: Deutsche Bank")
Deutsche Bank recommends getting more defensive on Indian stocks until investors see more certainty on economic indicators and policy, a more stable rupee, and improvements in corporate confidence.
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The bank recommended investors to pick stocks that would benefit from “continued robustness” in domestic consumption and hinterland economy.
Top picks for its model portfolio are ITC , Bajaj Auto, Mahindra & Mahindra , Titan, as well as two banks Deutsche believes have bigger exposure to consumer finance: HDFC Bank and ICICI Bank.
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Reuters