Banking, capital goods and midcaps seen driving market's next rally: Ashish Chaturmohta

Analyst Ashish Chaturmohta remains constructive on Indian equities, expecting banking, capital goods and midcaps to drive the next leg of the rally. He sees Nifty breaking the 24,000 resistance and moving toward 25,000, supported by banking's nearly 30 percent index weight and renewed momentum in private lenders. His top picks include CG Power, Angel One, Amber Enterprises, Eicher Motors, Navin Fluorine, Data Patterns and Reliance Industries, while he remains cautious on IT, expecting a gradual U-shaped recovery.