The chief investment officer of PPFAS Mutual Fund believes in a bottom-up approach in selecting stocks and sticking with them for a long time.
IndusInd Bank, Bajaj Auto and NTPC, up around 1% each, were top Sensex gainers followed by TechM, Titan and PowerGrid
The Nifty Metal index led the sectoral pack with gains of 2.20%, followed by the Nifty Realty index that climbed almost 2%.
NMDC, Apollo Hospitals, Cholamandalam Investment, SAIL, Bank of Baroda, Honeywell Automation & Adani Total Gas have entered the largecap category
The NSE Midcap 100 index has generated consecutive positive monthly returns of 102% in the last 13 months
IT stocks may remain resilient in spite of lofty valuations since there is good earnings visibility and improving prospects for growth
In the grey market, Clean Science & Technology shares were trading at Rs 1,380 implying a premium of Rs 480 or 53% over the IPO price on Tuesday
Nifty 50 declined 0.10% or 16.10 points to 15,818, while Sensex settled 0.04% or 18.82 points lower at 52,861
JLR expects to report a cash outflow of about £1 billion with a negative EBIT margin in Q1FY21.
Most brokerages have a subscribe rating on the IPO given its attractive valuations. In the grey market, it is quoting a premium of Rs 425 or 51%