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After a strong rally in the past few weeks, railway stocks came under selling pressure recently on profit-booking.

LT Foods is an FMCG company in the consumer food space. It is a leading player globally in the speciality rice and rice-based foods business. The company’s flagship brands include ‘Daawat’, one of India’s leading Basmati brands, ‘Royal’, which is North America’s top Basmati player and many more.

India’s economy is doing well when compared to other emerging as well as developed economies. Further, inflation is also likely to trend lower in the coming months, which will keep conditions conducive for the Reserve Bank of India to stay put on rates.

A number of brokerage firms have initiated coverage on several stocks, including Zomato, Bank of Baroda, RBL Bank and Sunteck Realty with a targeted upside of up to 45%.

"Promising business outlook, near-monopoly status, and the government’s Make-in-India drive first pushed railway stocks, followed by defence, and now mining. Hugh cash on books, dirt cheap valuations etc. were an added advantage for the rally."

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"Yoga, to me, represents a holistic approach and the fulcrum upon which I harmonise the demands of my professional career, the cherished moments of my personal life, and the nurturing of my own well-being."

On Friday, yield on the most-liquid 10-year government bond fell as much as 8 basis points to 7.08% before reversing course. Bond prices rise when yields fall and vice versa. With traders rushing to lock in profits, yield on the bond ended the day two basis points higher than the previous close at 7.19%.

Market participants are also grappling with several potential threats to U.S. economic growth, whose resilience this year has helped push stocks higher. Foremost is the challenge presented by higher rates, if the Fed follows through on its pledge to keep borrowing costs elevated as it seeks to decisively turn the tide on inflation.