Jhunjhunwala bought 1.39 per cent in the PSU during the April-June quarter. But the stock is on a steady fall after it hit its peak of Rs 151.10 on May 10.

“Metals, especially steel stocks will be volatile but still a lot of returns can be made over the next six months if Evergrande does not become an issue.”

“The next leg of the market hopefully will come from the domestic cyclicals that includes domestic discretionaries like auto, building materials, cement and last but not the least, financials and banks.”

“Sectors and stocks that fall less when markets fall and rise more when markets go up: and I think that should be the mantra or that should be the strategy for the next few months.”

Mahindra & Mahindra Financial Services Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 22344.56 Crore) operating in NBFC sector

Broader market indices were trading higher, outperforming their headline peers in morning trade. Nifty Smallcap was up 0.67 per cent while Nifty Midcap advanced 0.71 per cent. Broadest index on NSE, Nifty 500 was up 0.24 per cent.

Indus Towers Ltd. key Products/Revenue Segments include Income from Infrastructure Activity for the year ending 31-Mar-2021.

Barring the US dollar pegged Tether, nine out of top 10 cryptocurrencies were trading lower at 9.30 hours IST. Solana shed more than 6 per cent, whereas Polkadot tanked 5 per cent. Ethereum declined 4 per cent.

“The markets are pricing in tightening by around March 2023. If we do see a shift towards earlier tightening and if the dot plots shown earlier shift, one could see a hawkish reaction in markets.”

Following the approval, shares of Zee Entertainment hit the 15 per cent upper circuit limit at Rs 294. Zee Media rallied 4.92 per cent to Rs 12.36 while Zee Learn jumped 16 per cent to Rs 16.15.