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From the Sensex pack, TCS, HCL Tech, and Wipro were the top laggards, falling 1-1.5%. Tata Motors, Tech Mahindra, Nestle, and Infosys also ended in the red. On the flip side, Axis Bank, ICICI Bank, HDFC Bank, JSW Steel, M&M, and Kotak Bank closed in the green.

ETMarkets identified 25 smallcap stocks that have consistently increased their sales and profit figures in the past four quarters (from Dec2022 to Sept 2023)

In 2023, the total number of IPO listings have risen sharply, and reached the highest level in the past five years.

“Net-net, the price has gone up from the last three years but gradually. We do not want it to go too high, but at the same time we have to see that the bottom line is protected. We are very careful on overheads but there are expenses that need to be also looked at.”

Five midcap stocks from the Nifty200 index managed to hit new 52-week highs on Friday

In the entire calendar year, the market has 15 annual holidays in 2023, two more than last year. This year four market holidays fell on Saturdays and Sundays which are non-trading days in a week. Mahashivratri, Id-Ul-Fitr (Ramzan Id) and Muharram were observed on Saturdays and Diwali on Sunday

“You cannot keep on changing your investment strategy so much as these foreign brokerages keep on doing where they keep on reacting to news and selling and buying stocks. So we have to pre-empt these moves. We need to monitor the asset quality over the next couple of quarters to see whether the risk actually plays out or not. If the risk does not play out, then at some stage, Bajaj Finance will become a buying opportunity.”

The rupee was at 83.3575 against the U.S. dollar as of 10:45 a.m. IST, little changed from its close at 83.3475 in the previous session. The rupee was contained in a 83.3450-83.3650 range in the session so far.

​ETMarkets spoke to Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life on markets risks and sectors to bet on in the next 12 months.​