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Leading brokerage firms have recommended buy and underweight ratings for various companies. Jefferies has maintained a buy rating with a target price of Rs 1100 for SBI Cards and Payment Services. JPMorgan downgraded Persistent Systems to underweight with a target of Rs 4100. Emkay recommends a buy rating on Karur Vysya Bank with a target price of Rs 165, while ICICIdirect recommends a buy call with a target price of Rs 200 on PCBL.

The Nifty Realty index was trading 0.45 per cent down at 518.35.

A total of 161,219 shares changed hands on the counter till 10:05AM (IST)

Stock attempting upside breakout of crucial hurdle of down trend line at Rs 130 levels.

Shares of Tata Chemicals and Canara Bank will be in focus today as the companies will go ex-dividend today. Tata Chemicals has also followed Nirma with downward revision of Soda Ash prices.

It may be relevant for some of the other public sector banks, but certainly not for us because we are very-very mindful in terms of the RAROC and each credit proposal which we evaluate, we have a threshold level of the RAROC and we ensure that it must meet that RAROC.

​So the time for India has come now that the macros are doing better. FIIs are looking back into the country. And so far we have not seen the movement as much as we should, as we have seen in the rest of the world.

I think the broader market is in a way is a recipient of incremental FII flows which typically as you rightly said goes into the frontline stock but I think now there is a quest to look at the second line large cap or large-mid-cap kind of stocks where we are seeing perhaps more flows coming in.

It is purely the dominance of the sector. That is all I can say at this point in time. I definitely do agree with you that the valuation is slightly on the higher side but definitely as we have seen, when D-Mart grew their dominance took the trade to stratospheric levels and from there when the slowdown came, the stock got hammered down but right now, Trent is in a very sweet spot.

Yes, I think there is a lot of good fundamentals that are there in place. We are having much cleaner balance sheets for corporates, also for banks. There is a lot of capex that is coming in from the government.