Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
The Nikkei share average rose 2.6% to close at 15,195.77 points, more than recouping Tuesday's losses.
Fund raising by Indian companies through the offshore debt market is expected to rise in 2015.
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
There are already some signs of stress in this market.
Substantial gains can still be made with good policies and initiatives.
Private lenders were among the top losers along with RIL.
Those who have a long-range mission of true nation-building will pay close attention to World Bank's new action plan for fairness in all matters of land use, says Rajni Bakshi.
Sensex lacklustre, bluechips in focus.
At the end of 2018-19, the Tata group had a consolidated debt of Rs 2.77 trillion. Tatas not only plan to avoid big-ticket acquisitions for now, the group's main focus will be on improving key metrics and reduce debt, say Shally Seth Mohile & Dev Chatterjee.
'At this point, it does not appear to be a Lehman Brothers kind of crisis, which had a domino effect on the financial system.'
Banks stocks continued to trade weak along with FMCG major ITC.
Several Sensex stocks hits 52-week low in intra-day trade on Monday with financials leading the decline.
Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy's Labs and ICICI Bank, all up between 1%-3%
However, volatility is likely to be on the rise, said Benjamin Yeo, MD & CIO (Asia & Middle-East) for Wealth & Investment Management, Barclays.
Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% - 10% in a week
Benchmark share indices gained for the fifth straight session on Thursday led by index heavyweight Reliance Industries.
The FMCG index gained more than 1% on the back of stellar gains in ITC.
Some investors warned of a coming British or even global recession as sterling collapsed to hit its lowest since 1985.
"You will see further improvement after an immediate reaction and the markets will calm down," says Vikas Khemani.
'By the time the goods that were sent from December onwards reached stores in Europe, they became dead inventory as the stores there were closed by then.' 'Those that were in the warehouse there also became dead inventory. Those that reached the ports there also became dead inventory.' 'And what Tirupur produced in March is still here, and they have also become dead inventory.'
Gold has pushed lower as a result of Chinese selling.
Experts said equity raising was also hampered due to flight of capital from foreign investors. FIIs have sold more $500 million (Rs 3,200 crore) in October.
The optimism in global markets could help India as the rebound in GDP is expected to continue and get more broad-based.
Experts say while the increasing demand for a ban on Chinese goods might make for good optics, the reality is that India is still heavily dependent on that country in a wide range of industries like electronics, mobile devices, auto, pharma, telecom equipment, and fertilisers.
He added that the risks can increase if the Chinese slowdown gathers more speed.
Fall of rupee is not necessarily a bad thing as it will support exports which will help bridge the gap in current account deficit, Chief Executive Officer of Nordea Asset Management Company Allan Polack said.
We have to move from E-governance to M-governance. M-governance does not mean Modi governance. It means Mobile governance, the PM said.
An estimated $344 billion has been illegally removed from the Indian economy between 2002 and 2011
Lower gold imports and higher overall exports to help narrow the gap.
'Markets should be driven more or less by earnings growth.'
Analysts agree China, Greece and US Fed developments need careful monitoring but India should gain, over time, from relative rise of the dollar and fall in commodity prices.
India Inc is ready to diversify into unchartered areas.
Market breadth is positive with 942 advances and 196 declines.
India has been eyeing deeper energy ties with Iran and has already lined up $20 billion as investment in oil and gas as well as in petrochemical and fertiliser sectors there.
The S&P BSE Sensex ended 80 points up at 23,789 while the Nifty50 closed at 7,235, up 24 points.
Some feel that Tata Steel has put these assets on the block only after exhausting all the options.
Above normal monsoon forecast and strength in Asian equities lifted sentiments.
Brexit will likely put brakes on the UK's growth prospects.
