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Asian Paints, incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 271740.73 Crore) operating in Building Materials sector.

The Indian markets ended in the red on Monday as the Sensex fell more than 500 points. While public sector, oil & gas, FMCG, energy, and realty stocks witnessed buying, IT, telecom, and healthcare stocks faced selling pressure. Three stocks that were in focus include ITC, Anupam Rasayan, and HG Infra Engineering. Technical and Derivative Research Analyst at Reliance Securities, Jatin Gohil, recommends investors to buy ITC on dips, initiate a long position in HG Infra on dips, and sell some shares of Anupam Rasayan as the stock is near its supply zone.

The future & options (F&O) contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

Investors looking to invest in the Indian market now have two options. They can either invest in tried and tested old business models with strong brands, cash flow generation and profitability, or in new age loss-making companies with a visibility of loss for three to five years. Experts have suggested that the majority of investment will go towards the former option. However, there is the potential for short-term trading gains with new age companies.

Here are 10 high-dividend yield stocks from the smallcap space that you can consider including in your portfolio.

The Indian market is expected to consolidate on Tuesday, following tepid global cues. The S&P BSE Sensex plunged over 500 points, but the Nifty50 held on to its 17700 levels on Monday. According to Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, options data suggests a trading range shift between 17400 and 18000 zones.

Harsha Upadhyaya, says that corporate earnings trajectory will become the focus once macro headwinds have diminished. He expects the earnings trajectory to move at 16-17% for the current and next financial years. Domestic businesses within the banking, auto, cement and industrials sectors are on his radar, which are likely to see resilient demand conditions along with an improvement in earnings trajectory as inflation moderates.

Banking sector is expected to face challenges in the next two quarters as net interest margins (NIMs) are likely to compress due to cost pressure and repricing of deposits. However, credit growth is expected to remain strong and non-performing loan (NPL) pressure will be weak, leading to low NPL provisioning. Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, prefers corporate banks over retail banks as they are relatively cheaper on the price-to-book basis and expected to see big earnings growth in the next few years.

While the markets are down from their December ’22 peaks, they are not cheap at a trailing P/E multiple of 20-21x from a historical perspective, and further multiple compression (and also time correction) cannot be ruled out.

On the sectoral front, Nifty PSU Bank surged 0.71% and Nifty Auto climbed 0.49%. Financials, IT, metal, pharma, realty, healthcare and oil & gas sectors also opened higher. In the broader market, Nifty Smallcap50 advanced 0.60% and Nifty Midcap50 gained 0.51%.