Stock Market Highlights: Indian equity benchmarks Sensex and Nifty50 ended a choppy session on Friday just below the flatline, as losses in auto, pharma and oil & gas shares offsetgains in select financial scrips.
Dipan Mehta, Director at Elixir Equities, believes HDFC shares are available at an attractive valuation.
As and when some more value unlocking takes place in its subsidiaries, you could have those occasional incomes coming in and bumping up the quarterly numbers,” he adds.
The banking asset quality cycle is also improving after almost six years and even real estate has turned upwards after almost 7-8 years,” he tells CNBCTV18.com.
It is trading at higher levels, but we believe that in case there are no escalations between Russia and Ukraine, we would see the markets gain stability and volatility should then cool off,” he tells CNBCTV18.com.
Axis Bank, Kotak Mahindra Bank, Dr Reddy’s, TCS and SBI also among gainers.
Both headline indices fail to hold on to the green in a choppy session.
Market expert Prakash Diwan is of the view that cement players are looking at capacity expansion and the whole sector is in for a rerating.
Aplha generation is probably going to be in mid-size players like Dalmia, which is more promising,” he adds.
Ravindra Rao, CMT, EPAT, VP-Head Commodity Research at Kotak Securities, is of the view gold has to sustain recent highs to resume the rally towards Rs 51,000, followed by Rs 51,350.
Indian equity benchmarks gave up their entire year-to-date gains within the first 45 days of 2022.
The airline will launch 24 flights, and will connect Delhi with Sharjah for the first time on its network, according to a press release.
Harsha Kadam, CEO of Schaeffler India, tells CNBC-TV18 the company has seen good demand in certain sectors, and reached capacity utilisation of more than 80 percent.