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“We find real estate to be very attractive. We are playing it through real estate, cement, building material companies’ stocks. We are trying to identify companies which have got the right balance of growth and valuation. Because of the kind of run-up that we have seen over the last four, five months, a lot of the stocks, have become very expensive in terms of valuations. We are trying to strike a balance between growth and valuation.”

On the weekly options front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19600 and then towards 19500 strikes.

“Elections are coming; on Wednesday, the government increased the DA for government employees and pensioners. We will see more and more rural spending pick up with the crop season, with a lot of announcements, as well as a huge festive season ahead. I expect the rural economy stocks to start picking up a little bit from here on.”

Wipro Ltd. key Products/Revenue Segments include Software Services, Networking, Storage equipment, Servers, Software Licenses for the year ending 31-Mar-2022

The increasing adoption of artificial intelligence (AI) has the potential to transform the crypto market by enhancing security measures, improving fraud detection, and strengthening compliance with Anti-Money Laundering (AML) regulations. AI-powered systems can analyze real-time data to identify suspicious patterns and potential fraud attempts, minimizing false positives and increasing trust in crypto transactions.

ICICI Lombard General Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 66732.13 Crore) operating in Financial Services sector.

From the Sensex stocks, Wipro declined 3% after the IT firm reported a disappointing set of numbers for the September quarter, clocking the weakest growth among peers.

Gurmeet Chadha, CIO & Managing Partner of Complete Circle Consultants, discusses the current state of the IT industry and shares his preferences for investments. He believes that while deals are happening, revenue translation is slow due to longer-term contracts. Chadha is selective in his investments and favors KPIT and Persistent in the mid-cap IT space, and HCL Tech among largecaps.

BofA Securities maintained a buy rating on Bandhan Bank with a target price of Rs 300. The asset quality improvements were very gradual.