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Paytm has now lost about Rs 27,000 crore or 57% of its value in the last 11 days since the trouble began after RBI issued a ban on the payments bank which also houses Paytm wallet.

Sanjiv Bhasin of IIFL Securities recommends UPL, NMDC, and SBI as value picks. He is positive on M&M, Indiabulls Real Estate, Dhanlaxmi Bank, and ITC. Bhasin also highlights the impressive performance of Nalco and recommends investing in BPCL. He suggests taking profits from PSUs and investing in private banks like ICICI and Axis.

Nitin Raheja discusses challenges faced by OMCs, the pressure on HDFC Bank, re-rating of defence stocks, performance of upstream oil companies, and the positive outlook for the pharma sector. Coming to HDFC Bank, he says we are getting to that stage where there is clearly value sitting there. It is only a question of when you start seeing the flow ease off and I think that will happen sooner than later.

Morgan Stanley maintained an Equal Weight rating on Crompton Greaves Consumer and an overweight rating on Bharat Forge. Jefferies recommended a hold rating on M&M and BofA Securities recommended a buy on Gland Pharma.

The Nifty future closed positive with gains of 0.46% at 21925 levels. India VIX was down by 2.34% from 15.81 to 15.44 levels. Volatility cooled off from its highs and gave way to the bulls at crucial support zones.

From the Sensex stocks, M&M, Wipro, NTPC, HCL Tech, Infosys, and Tech Mahindra opened with gains, while Nestle, HUL, Axis Bank, UltraTech Cement, and Kotak Bank opened with cuts.

For long-term investments, consider investing in longer duration debt funds and long duration bond funds. Fixed deposits can be a good option to take advantage of higher interest rates, but the timing of rate cuts is uncertain. Staggering fixed deposits and renewing them as they mature can help maximize returns.