Latest Stock Market News

For more such web stories click on the ET

Meanwhile, Morgan Stanley and DAM Capital have maintained an ‘Overweight’ and ‘Buy’ views on RIL and Escorts, respectively, for these reasons.

"FMCG companies are expected to perform well during the festival quarter due to increased sales and promotion activities. The banking sector, despite positive growth, is facing concerns due to recent events and an elevated inflation outlook. In terms of defensive bets, investing in FMCG companies is better as they are less affected by geopolitical events. "

India VIX was up by 10.68% from 10.30 to 11.40 levels on Monday. Volatility spiked above 11.6 zones and gave room to the bears at make-or-break index levels.

About 70% of the Rs 1.44 lakh crore of inflows made their way into financial services, capital goods, automobile and auto ancillaries, data by NSDL showed.

According to Vinit Bolinjkar, Head of Research at Ventura Securities, buying the dip in defence stocks is a better option than buying the dip in railway stocks due to the potential growth in the defence sector and uncertainty in emerging geopolitics. Bolinjkar also anticipates that auto stocks will perform well in the festive season, with Maruti being a standout. Additionally, smaller real estate companies focused on tier-2 and tier-3 towns are favored, and companies involved in waste and water management in the infrastructure space are expected to do well

Several brokerages are bullish on a number of stocks from different sectors, such as logistics, insurance, and chemicals.

From Sensex stocks, Bajaj Finance, Tata Steel, and Tata Motors were the top gainers, rising over 1% each. M&M, Titan, NTPC, and JSW Steel also opened higher. While only TCS and Sun Pharma opened in the red.

Mahindra & Mahindra Ltd. key Products/Revenue Segments include Automobile-Light, Medium & Heavy Commercial, Jeep, Passenger Car, Other Operating Revenue, Sale of services for the year ending 31-Mar-2023.