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The Nifty Auto index was trading 0.02 per cent down at 25774.8.

A total of 2,690 shares changed hands on the counter till 10:10AM (IST).

Ajit Jain, vice chair of insurance operations at Berkshire Hathaway, sold $139 million worth of Class A shares in the company. Jain disposed of 200 shares at approximately $695,418 each, leaving him with control of 166 shares. Jain joined Berkshire Hathaway in 1986 and has been praised by Warren Buffett for his contributions to the firm.

But I think that until that point you want to retain your patience. But from this point onwards sectorally you might want to know which sector you want to avoid. From that point, I would say definitely Nifty Realty is an avoid.

A Balasubramanian, MD of ABSL AMC, discusses current investment trends in the Indian equity market. He also notes the inflows into largecap, flexi-cap, and multi-cap funds, with reduced flows in small and midcap segments. Renewed interest is seen in hybrid funds due to market consolidation and global economic sentiment improvements.

There are several stocks which are not really in your comfort zone and hence we need to pick up stocks on a bottom-up basis and need to cherry-pick ideas wherein the risk-reward is favourable. Otherwise, it is a tough market as far as stock selection is concerned.

​If one believes that for a reasonable period in time oil will remain below 60, then basis that call there is a room to cut the petrol and diesel prices. However, I prefer to be conservative. I am still working with an oil price for the year which will be in northwards of $70 and therefore scope to cut product prices remains reasonably low if not very high.

The Sensex reached a historic 83,000 level, while the Nifty closed at a lifetime high. Granules India fell 16.47% due to US FDA concerns, Nazara Tech gained 5% with a bullish breakout, and Zomato rose 4.2% after closing above its breakout level. Analysts provide insights on potential market moves.

It occurs when the short-term moving average crosses above the major long-term moving average.

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 250598.11 Crore) operating in Services sector.