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Recently, Warren Buffet, one of the few investors emulated by many for his conviction in his investment philosophy, booked losses amounting to Rs 507 crore in One97 Communications—well known as Paytm.

Kislay Upadhyay, the founder of FidelFolio Investments, attributed the FPI inflows to the outcome of major state elections that signalled political stability going forward..

After a brief pause, the primary market will be back in full swing this week with two mainboard IPOs and four SME issues planning to raise about Rs 2,500 crore. The two mainstream public offers -- DOMS Industries and India Shelter Finance -- will open for public subscription on December 13 and close on December 15.

All 10 stocks settled with weekly gains between 63% and 11%, with Adani Total Gas emerging as the biggest gainer from the pack.

The rebound suggests the conglomerate, once termed “deeply overleveraged” by research firm CreditSights, is finding favor with investors again. The group, whose operations range from cement to airports and coal mining, has yet to tap overseas bond markets since the January publication, which came at a time when rapidly rising US interest rates curbed offshore issuance by Asian companies.

London-based BAT has seen a sell-off in its shares in the past week, rendering its market cap below ITC to $64 billion. ​The stock fell sharply after the company said it would take a hit of around $31.5 billion as it wrote down the value of some US cigarette brands, acknowledging that its traditional combustible market has no long-term future.

“Buying and selling is probably happening in the same sectors. We are not selling real estate stocks and going into chemicals or going into the Whirlpools of the world because we still want the sector that we buy should be good and there should be good revenue visibility in the sector.”

“We are not too much focussed on the lower end of the spectrum or lower ticket size lenders. If you look at the construct of our portfolio, it is a very good balance between small finance banks as well as some of the B2B lenders, I mean some sector specific lenders which is very well evident in the portfolio.”

“Our basic thesis has been that the entire manufacturing, industrials and infrastructure is not just a one-year theme, but it is a multi-year theme. Now, for instance, if you look at what has been happening over the last few years, growth in this space has been largely led by public capex and government spending.”

“Well, markets are expensive today. India is likely one of the most expensive in the world. It is very hard for anybody to predict timelines to 25,000 but I would suggest one should be cautious when things are expensive.”