Broader markets also rallied, with the Nifty Midcap 100 and Smallcap 100 indices finishing the first trading session of 2022 more than one percent higher each.
I think Tata Motors because of its EV is really surging in terms of passenger vehicle numbers, but overall, it has already had a good run.
Dilip Bhat, Joint MD at Prabhudas Lilladher, said the New Year has begun quite well for the market in general.
So I would still think that ICICI Bank and maybe Axis Bank will be among some of the stocks to look at.
Also among the top gainers were ICICI Bank Bajaj Finserv, Tata Motors and Axis Bank.
So we think that as we get more colour and clarity on what sort of numbers are we really going to see people may want to get into some of these names, which have corrected quite sharply in the last, let us say about two months.
Coal India surging after a healthy business update from the miner for December and also, higher global prices are an additional tailwind given Indonesia’s ban on coal exports.
In an interview with CNBC-TV18, Abinash Verma, Director General of Indian Sugar Mills Association said that he expects the next couple of years to be very good for the Indian sugar industry.
Shares of InterGlobe Aviation Ltd, which operates Indigo – India’s largest low-cost carrier – fell almost 4 percent on Monday on the BSE after jet fuel or aviation turbine fuel prices were hiked by 2.75 percent on firming international oil prices.
Shares of Anand Rathi Wealth Ltd gained 1.6 percent on Monday after a strong debut in the secondary market in December 2021.
At the same time, you’ve got a very different global macro backdrop, which is not as favourable as it has been, dare I say, for nearly a decade now, where you had very easy liquidity, supporting valuations, the world over and my sense is that as rates rise, and as that narrative starts to take hold, how the market reacts to it would be very key.
Market guru Mark Mobius believes the Indian consumer is getting richer and is buying more.
Dean Kim, Head-Global Research Product at William O’Neil & Company, is positive on Navin Fluorine and Fine Organic in India.
Samir Arora, Founder and Fund Manager at Helios Capital, sees returns to the tune of 10-15 percent in the Indian market in 2022, which would be in line with the normal longer-term average.
On Saturday, the company reported total sales of 1,53,149 units in December, with sales in the domestic market at 1,26,031 units.
Speaking on electric vehicles, he said the company will introduce its first vehicle in the segment in 2025.