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“Nippon India Mutual Fund has incrementally added positions in the power sector. So utility companies, some of the lenders which are specifically into that segment and we remain constructive on the equipment side and other than the generation side. We have the equipment side and the transmission companies.”

“We like some of the midcap companies in hospitality business, event management business, where the growth programme is relatively more conducive and also some of the automobile ancillary component companies which are relatively looking more stable.”

“I look at everything from wheels to braking systems to vehicle interiors, sensors, air conditioning and other stuff which are going to be quite operative in both kinds of vehicle zones. Focus on those kinds of companies where there is no perceived threat to the business basically.”

In the coming days, the market may react to some major macroeconomic data such as US S&P Global manufacturing and services PMI, initial jobless claims, building permits, crude oil inventories, existing home sales, FOMC policy outcomes, UK and Eurozone inflation, among others, Nanda said

Down about 7% in 2023, the MSCI China Index is staring at a third straight year of losses that will mark the longest losing streak in over two decades. The broader MSCI Emerging Markets Index is up 3% as investors chase returns in other places like India and parts of Latin America

The ex-dividend date for stocks is usually set one business day before the record date

In the mid cap segment, a dozen companies witnessed prominent block deals on-screen that were worth Rs 4,163 crore

“There was some shakeout-like trading behavior at the beginning of this week. However, the swift recovery in the broader market clearly indicates that this trend is likely to continue. The put base is firmly intact on the Nifty.”

The Federal Open Market Committee will keep rates steady in the 5.25% to 5.5% range at its Sept. 19-20 meeting, the survey showed, and remain there until a first cut next May – two months later than the economists’ view in July.