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“I have never been short of ideas, but have always been short of money to invest. India is a paradise for growth investors. At any point of time, there are more ideas than the capital available. If you invest in the right companies in any scenario in India, you can make money.”

Equities were mixed in Asia, with gains for tech stocks offset by slumping commodity shares. Wall Street futures pointed slightly lower following gains across the big three indexes overnight, led by a 0.9% rally for the tech-heavy Nasdaq.

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.

"Given that our domestic economy is growing at a decent rate, the investor community currently believes that every market decline is a buying opportunity and is, thus, investing heavily. However, as the saying goes, “if there is value, buyers will find you in the middle of the ocean, in the dead of the night.” Hence, if the markets have growth and reasonable valuations to offer, both FIIs and domestic inflows will continue."

Macquarie maintained an underperform rating on Zydus Life with a target price of Rs 490. The Q2FY24 results were a mixed bag.

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 19200 strikes.

During this period, benchmark indices hit lifetime highs in December 2022, then plunged to 52-week lows in March, and scaled back to record highs in September.

From the Sensex stocks, ICICI Bank, Bajaj Finance, UltraTech Cement, Infosys, and M&M opened in the red, while Asian Paints, Wipro, HCL Tech, Tata Motors, and Maruti opened with gains.

“If you are betting into the jewellery sector, the period between Dhuleti and Dhanteras is the best time to accumulate these particular stocks and the moment the festive season starts, that is the best time to book some profit. That is how one can make maximum gain in this kind of business.”

Airtel said it managed to raise 211.4 billion shillings ($56 million) after selling 54.5% of the 8 billion shares on offer. Retail investors bought just 0.3% of the IPO. Shares were unchanged at 100 shillings on its debut on Tuesday.