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Market Outlook 2025 - Steady Capex, Rural Revival Drive Earnings; SBI, Syrma Among HDFC Securities' Top Picks

HDFC Securities prefers large caps over mid and small caps for CY25 as it offers a better risk reward.

<div class="paragraphs"><p>In CY24, Nifty 50 generated ~9% returns, while both the Nifty midcap 100 and Nifty Smallcap 100 delivered ~24% returns each. (Photographer: Pralhad Shinde/ Source: NDTV Profit) </p></div>
In CY24, Nifty 50 generated ~9% returns, while both the Nifty midcap 100 and Nifty Smallcap 100 delivered ~24% returns each. (Photographer: Pralhad Shinde/ Source: NDTV Profit)
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