New Delhi, March 13 -- Indian stock market has witnessed a sharp downturn in the last 6 months, with the benchmark index Nifty 50 plunging more than 14% from its September 2024 peak. The broader indices have underperformed, as the Nifty Midcap 100 index is down 19% and Nifty Smallcap 100 index is down 25% from their peaks.

With such a backdrop, the current market is steeped in panic, driven by a cocktail of global and domestic concerns, said Utsav Verma, Head of Research - Institutional Equities, Choice Equity Broking.

"But we notice the following early signs to accumulate quality stocks for the long-term. Post the sharp correction the risk-reward profile is becoming increasingly favourable: At a TTM P/E of ~20x for the Nifty 50, from a...