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Honestly, if you look at the Q2 levels while GRMs have pulled up, the petrochemical business remains a little bit muted. I think there is still a long way to go for petrochemical margins, particularly on a YoY level.

A host of analysts shared their tech views on particular stocks that can rally up to 17% in the short term. These stocks include Piramal Pharma and ONGC

Fresh breakout after a long consolidation on daily frame which makes room for an upside potential.

The banking sector in India is showing impressive growth, with banks and NBFCs predicted to collectively achieve a profit of Rs 1,40,000-1,50,000 crore this quarter. This marks a significant shift from five years ago, when the industry was in a state of loss. The net NPAs appear to be under control, with banks enjoying healthy balance sheets and increased deposit growth. However, commission-based businesses such as those run by Paytm are coming under more scrutiny.

Praveen Singh – Associate Vice President, Fundamental Currencies and Commodities at Sharekhan expects gold to remain largely range-bound ahead of the US Federal Reserve monetary policy decision.

Notably, Nifty PSU Bank Index saw better traction than BankNifty with all of the index constituents gaining close to 5% on an average. Major gains were seen in SBI, Bankbaroda, Canbk, PNB and Unionbank which contributed around 80% to Nifty PSU Bank index.

​So that is the big-big driver of global flows into risk assets like emerging market assets in particular and India has been a beneficiary of those assets. In fact, as you know, it has been the strong FPI flow which has been driving our market.

A total of 11,117 shares changed hands on the counter till 10:30AM (IST).

​Things can get worse if the US slowdown worsens. Although increasingly, it is looking like they might just be able to get away with a very mild slowdown or a mild recession, in which case we will probably just hover around the bottoms for the time being.

Sandip Sabharwal has added PVR incrementally due to its significant reduction in value, while also adding to stocks that are performing well. Sabharwal predicts a positive future in the auto sector, however, changes are slow and will not result in a 40-50% increase in stock price. He says in the pharma sector, certain names still exhibit strong potential for future growth