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These stocks belong to domestic cyclical sectors such as financials, consumer discretionary, auto, industrials, and internet stocks.

The board had also approved a share buyback worth Rs 10,000 crore through the tender offer route.

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Equity strategist Vinod Karki of ICICI Securities believes that the market valuation peak will be around 19-20x PE, but as long as earnings growth continues to expand at around 15%, the market will continue to grow. Karki also commented on the agriculture chemicals sector, suggesting that valuations are nearing a peak and growth concerns could cause multiples to peak out.

​This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased.​

Consolidated revenue from operations increased nearly 7% YoY to Rs 9,182.31 crore, but was lower than the estimated Rs 9,358 crore. The paint maker’s operating profit increased by 36.3% YoY to Rs 2,121.3 crore, with gross margins expanding a whopping 530 basis points (bps) in the quarter.

According to an ETMarkets study, foreign institutional investors (FIIs) have consistently increased their holdings in 93 smallcaps listed on the BSE in the last four quarters (Sept 2022 - June 2023).

​So with this premise I am giving you two stock calls, both on the sell side. For me LTIM is looking definitely weak on chart and every bounce is getting sold into and for me LTIM from the current levels can come down 100 rupees.

​Futures Short Position scan on July 24 showed 3 Nifty50 largecap counters seeing aggressive short covering. ​

Revenue from operations during the quarter falls marginally to Rs 1,348 crore, compared with Rs 1,378 crore in the corresponding quarter last year.