New Delhi, April 2 -- The Indian equity markets experienced a rollercoaster ride over the past few months, with the Nifty 50 reaching an all-time high of 26,216 on September 26, 2024, before witnessing a steep correction of 16 percent until February 28, 2025. However, March 2025 saw a strong rebound of 6.3 percent. Axis Securities believes the current risk-reward balance favors domestic-facing sectors due to minimal impact from reciprocal taxes, while export-oriented sectors remain in a wait-and-watch mode.

Axis Securities has set a target price of Rs.1,500 for ICICI Bank, implying an upside of 11 percent. The brokerage expects the bank to maintain its strong performance, delivering a steady RoA of 2.2-2.3 percent and RoE of 17-18 percen...