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“Across the board, I do not think there is any sector which is highly overvalued per se. But in two to three sectors, especially the external facing ones, like chemical and software, an investor needs to be a bit cautious. I would like to remain underweight in these two industries.”

The Sensex itself has ended in the positive zone 8 out of 10 times while auto, capital goods, IT and consumer goods have also ended in the green zone on 8 occasions.

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 86419.00 Crore) operating in Retail sector.

On Comex, gold futures were trading at $1,975.30 per troy ounce on Wednesday, up by $1.80 or 0.09% while silver futures were trading at $22.640, up by $0.051 or 0.230%.

This Diwali, the domestic brokerages have selected some promising stocks which on technical parameters have the strength and potential to yield decent returns.

“The IT sector has near-term challenges but broadly the space is one where the management quality is pristine. Again, they do not have too much borrowing. In fact, most of them are net cash companies. We are looking at it beyond the current cyclical downturn. I think they will be back on the growth trajectory in a few years.”

The stock quoted a 52-week high of Rs 2492.0 and a 52-week low of Rs 1155.1.

Max Healthcare Institute Ltd. key Products/Revenue Segments include HealthCare Services, Drugs & Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2023.