Large part of correction in PSU stocks over: Dimplekumar Shah, JM Financial

Indian stock market outlook for the next year depends on earnings growth, new and repeat orders. Key sectors expected to perform well are Private Financials, Metals, Capital Goods, Specialty Chemicals, Healthcare, and Large cap IT. Domestic demand is showing signs of slowing but may recover due to festive season, weddings, and potential RBI rate cuts.