New Delhi, March 21 -- Even though benchmark indices have been recovering in March after five months of losses, Standard Chartered expects market volatility to remain elevated in the near term as investors adjust to an uncertain environment.

However, the brokerage believes the risk-reward for domestic equities has improved over a 12-month horizon, driven by reasonable valuations, a likely improvement in the growth and earnings cycle, and easing financial conditions. It remains overweight on equities and recommends using market dips as buying opportunities.

Standard Chartered is overweight on large-cap equities, citing their stronger balance sheets, more attractive valuations, and higher earnings visibility, which offer a greater margin ...