Rich valuations, a high probability of earnings disappointment, and a potential lack of marginal buyers are key reasons to book profits.
Shares of SJS Enterprises opened at Rs 542 apiece on the National Stock Exchange (NSE) and at Rs 540 on the BSE.
PB Fintech opened for trading at Rs 1,150 apiece on the NSE and the BSE.
On the BSE, the chemical manufacturer opened at Rs 575, a markup of 252.76%.
The surge in earnings has been led by financials, metals & mining and oil & gas.
Shares of PB Fintech, Sigachi Industries & SJS Enterprises will make their stock market debut today on the bourses.
Asian stocks are trading higher on Monday as investors look ahead to Chinese economic data releases due out later today.
Chartviewindia.in is bullish on SBI Life Insurance with a price target of Rs 1,212 per share.
The offer received bids for 572.18 crore shares as against 1.75 crore shares on offer.
As long we don’t see a decisive breakout above 18225-18300, traders are advised to avoid aggressive long bets and be very fussy in stock selection.