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Following the announcement of Q4 results by several companies, a few brokerages have upgraded the target prices on a number of counters in the last one month.

However, as we enter the second half and earnings growth starts catching up the markets would look more attractively priced and could see new highs happen.

Inflation may be tamed and come under control towards the end of the year, according to GV Giri, President of IIFL Securities. The expectation of a weakened US economy with possible rate cuts could weaken the dollar and lead to money coming back to the market in late 2021 or early 2022. Giri predicts a slowdown and potential outflow of funds from the market for the next 6-8 months, with a possible earnings recession globally and in India.

From the Sensex pack, Bajaj Finance was the top gainer, rising over 1.5% following its Q4 results. Bajaj Finserv, IndusInd Bank, Nestle, Tech Mahindra, Reliance, and Infosys also opened with gains. On the flip side, Power Grid, Sun Pharma, TCS, HDFC and SBI opened with cuts.

Real estate is expected to benefit the most from falling rates, while big developers will flourish, small developers will not. Cement and building materials companies will also perform well due to growth in housing and government backed infrastructure. Falling interest rates and strength in housing will be a good investment opportunity in the construction & infrastructure sector, and recommends stocks like APL Apollo Tubes and PNC Infratech for portfolios.

I think there are so many different components to this melting pot and we understand the Russia situation. So, it is hard to pinpoint where their strategy is going to be and where the overall themes are, but there are so many differing viewpoints.

The Nifty Realty index was trading 0.73 per cent up at 439.15.

Strong trend reversal on the daily chart along withhuge volumes.

As of 31-Dec-2022, promoters held 51.01 per cent stake in the company, while FIIs held 26.63 per cent and domestic institutional investors had 0.32 per cent.

Midcap software companies have finally realised their strengths, according to Dipan Mehta, Director of Elixir Equities. They are focusing on specific niches and clients are recognising the importance of working with niche players to extract maximum value from them. Mehta believes there is a big divergence in the growth rate of midcap and large firms in the IT sector, which only adds to "the maturity of the industry".