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“Debates on unsecured loans have been holding up in my opinion fairly well and valuations are clearly in our favour. At this point in time, for some of the frontline largecap banks, apart from the issue on the ownership side, if you look at fundamentals as well as valuations, these banks are fairly attractively placed.”

Smallcap stocks marked a notable upswing on November 13 as several emerged triumphantly above their 20-day Simple Moving Average (SMA).

On November 15, Wednesday, Trendlyne highlighted a significant market trend – the Golden Crossover – across over 40 Nifty stocks. ETMarkets delves into the importance of this pattern and presents a curated list of 5 stocks that have recently experienced the Golden Crossover.

“We have fairly large positions in the railways, in capital goods, some in pharma and more as a turnaround story. I like banks and NBFCs. MFIs have been doing really well. So, essentially the infrastructure related, real estate infrastructure, capital goods, railways, is the space where things are looking really interesting.”

On November 13, Monday, StockEdge signaled a surge as 40 stocks entered the overbought zone. ETMarkets hones in on 5 stocks riding the overbought wave, unraveling the significance of Relative Strength Index (RSI) and why investors should pay attention to stock movements in this zone.

The stock quoted a 52-week high price of Rs 436.25 and low of Rs 280.2.

The rise of stocks to new all-time highs paints a vivid picture of the ever-evolving stock market

Its major reductions included Kotak Mahindra Bank, State Bank of India, and Axis Bank.

A total of 5,370 shares changed hands on the counter till 02:10PM (IST)

“You cannot have a market rally without participation from banking. It is worth paying attention to. But it might not be the outperforming sector. The outperformance may still go back to where it was earlier which is in, say, PSU stocks, for example. Banks have generally been the most beaten down part of the market and Kotak has actually been an underperformer. ”