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"Going forward, if you were to take a 12-month view, I think that we may see a little bit of a catchup when it comes to largecaps. But in terms of big action, it is going to be the midcap and the smallcap category. Having seen a very strong up move across PSUs, I do think that valuations, performances, somewhere there needs to be a bit of stability there."

Grindwell Norton Ltd., incorporated in the year 1950, is a Mid Cap company (having a market cap of Rs 23356.38 Crore) operating in Industrial Consumables sector.

On the weekly options front, the maximum Call OI is placed at 19500 and then towards 19600 strikes while the maximum Put OI is placed at 19300 and then towards 19400 strikes. Call writing is seen at 19500 and then towards 19600 strikes while Put writing is seen at 19400 and then towards 19300 strikes.

HSBC said last week it had made tokens representing physical gold held in its London vault. The bank last year launched a digital asset platform, HSBC Orion, which allows financial institutions to issue blockchain-based versions of financial assets, also known as tokenised securities.

“We still think Apollo, MRF and Ceat are must-haves in the portfolio. Auto sales and the whole gamut of owning aspirations is doing extremely well. Their cost of input has been on a lower wicket. And I think going ahead also, there will be better numbers coming. But this was an exceptional quarter.”

“We are seeing a little bit of froth being taken out. But I would just like to point out once again, that this is really being led by strong domestic flows and that should continue. Typically, what we have seen in the past is that, ahead of national elections, there tends to be a bit of a slowdown in the IPO cycle. So, one should expect a little bit of a slowdown in the next six months.”

"I think one has to realise that ebbs and corrections will be part of every structural bull run and investor’s lifecycle. To make money in the markets, you have to stay the course. Frequent trading and churning should be avoided. Investing is also called “Going Long”, therefore, one has to stay invested for the long term."

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

“Hero followed by Eicher would be the two preferred picks within the two-wheeler space. Within the tyre space, we prefer Ceat, followed by Apollo Tyres. We believe Ceat has a very stable growth outlook both for its OEMs as well as for the replacement demand and the absorption of new capacities would drive operating leverage.”