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“Growth would definitely be higher in mid and smallcap companies but it is important to a) select the right fund, the right stock and equally important or more important is to have a longer horizon, three-five years. If one comes into mid and smallcap with a 6 months, 12 months perspective, one is bound to be disappointed. That needs to be avoided at any cost.”

Bullion is often seen as a hedge against inflation, but the opportunity cost of holding it rises when interest rates are increased to bring down inflation.

Bullish hammer like candle at the 200-day EMA thusprovides favourable risk-reward set up.

“The large banks, specifically Kotak, ICICI and HDFC are probably decent to be with. SBI is one of those stocks which I have never been able to get myself to buy and hold for a long time. Perhaps that is my mistake more than anything else. But numbers look attractive and the PSU tag is the only thing that keeps me worried about it.”

We are seeing that asset allocation-based smallcases with varying proportions of equity, gold and fixed income, have become a key tool to navigate market volatility.

Citigroup maintained its buy rating on Aditya Birla Fashion with a target price of Rs 347. The global investment bank marginally changed its FY23-25E EBITDA estimates by -1% to +1%.

“The current minimum ticket size is Rs 1 crore and there is a discussion going on whether this will be taken upwards but as of now, it is Rs 1 crore which can be paid either upfront or can be paid through drawdowns. Typically the option given to our investors is three drawdowns where they give 25% upfront and then pay 30-35% over a period of six to nine months.”

​​Gains in auto and financial stocks were offset by the index heavyweight Reliance, ICICI Bank, and ITC. The Nifty 50 index fell 8 points or 0.05% to 17,384, while the S&P BSE Sensex surged 74 points or 0.12% to 59,362, as of 9.25 am.

Bank of Baroda, incorporated in the year 1911, is a banking company (having a market cap of Rs 82250.52 Crore).

A total of 460,902 shares changed hands on the counter till 10:00AM (IST).