A report on Tuesday said the international macro headwinds appear to be easing while the upcoming general election is the "last major event" for the investors to look out for.
"With the US Fed giving indications for easing its double-barrel attack of interest rate hikes and balance sheet shrinking, international macro headwinds appear to be easing," a Centrum report said.
Adding that on the domestic front the Budget 2019 stoked positive investor sentiment and the last major remaining event for investors to look at is the Lok Sabha election outcome.
According to a Centrum research "post a monumental market shakeup" owing to the unprecedented events over the past 5 months "we see a distinct set of emerging opportunities".
Large-cap Nifty 50 stands at 11,000, the report said was supported by resilience from 5 companies, "optically giving an impression that the market is still near its highs" but the price correction at stock level across large-mid and-small-caps is "intense" making room for deployment of fresh capital.
Along those line report identified stocks that can be accumulated in the current market scenario, taking note of its growth potential despite having been beaten down in price performance terms.
The stocks included Godrej Agrovet, Varroc Eng, Cera Sanitaryware Building, Can Fin Homes, HDFC AMC, ICICI Securities, Thyrocare, KEC Intl, Tata Elxsi and KNR Construction.
While Maruti Suzuki, Kansai Nerolac Building, Pidilite Inds, ITC Ltd, Nestle India, Hdfc Life In, RBL Bank, Tech Mahindra, and Larsen & Toubro Infrastructure fell in "evergreen stocks", reflecting stability.
"These stocks can be considered for accumulation over 3-4 tranches, as markets are navigating near-term variables," it added.
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