Reliance Industries seen as attractive investment despite market uncertainty in India

Indian equity markets are facing uncertainty due to the Maharashtra elections and ongoing issues with the Adani Group. Despite this, some large-cap stocks, like Reliance Industries, are considered attractive as they are seen as oversold. Analyst Sandip Sabharwal noted that a change in Maharashtra's leadership could negatively impact market margins. He highlighted Reliance's current undervaluation and mentioned that it has been added to investment portfolios after years of absence. Sabharwal also discussed the performance of PSU banks, suggesting that while some banks like SBI may not be expensive, their recent results were moderate. He indicated that other banks, such as Bank of Baroda, showed better growth and could offer value in the sector.