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Bajaj Finserv Asset Management has identified several megatrends for the Indian market and economy, including consumerism and urbanisation, health and wellness and manufacturing. The team undertakes macro analysis and studies large amounts of domestic and global data-metrics to identify transformative shifts and the impact on beneficiary sectors. The CIO is comfortable with Nifty valuations at this point and believes there are pockets of opportunities in the broader market for long-term investments.

"Consider that household debt/GDP in India is just 19% vs. 48% for China and that only 2% of Indian households have life insurance. Manufacturing and services PMIs have rallied consistently since the end of Covid restrictions in contrast to the rapid fade seen in China. As well, real estate transaction volumes and construction have broken out to the upside," the analysts said in a report.

The stock quoted a 52-week high of Rs 1422.85 and a 52-week low of Rs 1049.1.

Recent data released by the Ministry of Statistics has shown an increase in retail inflation to 4.81% in June. Rising inflation is a cause for alarm for investors but with the implementation of result-oriented strategies they cannot only shield their investments from erosion but also earn optimal returns.

Data from stock exchanges in India, Indonesia, the Philippines, South Korea, Taiwan, Thailand and Vietnam showed foreigners purchased a net $3.48 billion of equities in July, the fourth successive month of inflows since April.

Sanjiv Bhasin of IIFL Securities, has recommended Apollo Hospital, SBI Life and HDFC Life, and BEL as new high-flying stocks to invest in while maintaining the view of being with large-cap stocks, including Tech Mahindra, HCL Tech and Persistent. Bhasin considers the lack of correction in good quality stocks and the recent strategic moves by fund managers as signals of a promising market. Similarly, he expects Apollo Hospital to triple in value and advises the insurance companies, SBI Life and HDFC Life, as portfolio must-haves.

Like for last 10-12 months, I would say, we have been seeing the volatility in prices and oscillation in consumer sentiments, sometimes they are there and sometimes there are dull moments, fortnights when nothing is happening which was the characteristic of quarter one as well which we just concluded and we delivered about 19-20% growth there.

The domestic business reported a robust 14% YoY growth in the quarter. The secondary sales saw an impressive growth of 12.5%, thereby outperforming the industry by 1.5 times. The company registered a volume growth of 4.3%, compared to the industry growth of 1.4%.

A strong US non-manufacturing ISM report may further pressurise the yellow metal as the outlook is weak, he said while putting immediate support at $1,935 - $1,918 and the next major support at $1,890 and the resistance at $1,950 - $1,965.

The Council, chaired by Sitharaman and comprising state ministers, in its last meeting on July 11 approved levying a 28% tax on the full face value of bets in online gaming, casinos and horse racing.