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Shibani Sircar Kurian says: “We are at the cusp of a private sector capex cycle which should bode well for long-term loan growth where the sector is concerned and therefore if you take a view of, the next decade or so, financial services, banking as a space is something that will possibly be a thematic sector to look out for over the next decade.”

At the interbank foreign exchange, the domestic currency opened at 83.13 and slipped further to 83.15 against the dollar, registering a loss of 3 paise from its previous close.

Vinit Bolinjkar of Ventura Securities suggests playing the tourism theme through Indigo, IRCTC, Indian Hotels, and Thomas Cook. He also believes that ITC will perform well due to its growth in the FMCG segment and the success of its hotels. Bolinjkar highlights the shift in tourism towards spiritual destinations in India. He mentions that Federal Bank may face challenges due to increased cost of funds, while Maharashtra Bank and Karnataka Bank may be better options.

Federal Bank Ltd., incorporated in the year 1931, is a banking company (having a market cap of Rs 36707.60 Crore).

Exide Industries Ltd. key Products/Revenue Segments include Batteries (Storage), Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.

Hemang Kapasi recommends clients to shift exposure to largecaps and invest in sectors with structural uptrends due to potential volatility closer to the general elections. He advises staying invested in sectors that create long-term wealth, such as healthcare and consumption. India is expected to take a breather compared to other emerging markets before continuing its advance. The interim budget may include infrastructure and power sector-related capex announcements, as well as populist rural-centric measures

The Nifty Auto index was trading 1.06 per cent down at 18514.9.

A total of 198,497 shares changed hands on the counter till 10:51AM (IST).