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"At the current juncture, we see value emerging in domestic cyclicals namely auto and auto ancillary and financials (banks & NBFCs). The auto sector has witnessed a prolonged period of low growth and semiconductor shortages have impacted the sector. However, with a change in the demand environment, we think that an upcycle is on the anvil. Another sector that is poised for growth is the financials."

“Most of the large banks, private sector banks reported a strong set of numbers including SBI. A bottom-up approach should be made at these levels. Metal stocks have been hammered quite sharply in the last 15 days or so. A lot of stocks have again become very attractive. For example, Tata Steel has fallen 15% and looks very attractive.”

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 396832.85 Crore).

Paytm has disbursed 15.2 million loans in fiscal year 2022 (FY22), a more than five-fold growth from FY21 when the number of overall loans disbursed on the platform stood at 2.6 million, according to data released by its parent entity One97 Communications on Sunday.

Both the bank and HDFC Ltd have very high foreign shareholding. So, some shake-up from FIIs was expected. Some of the active funds were rebalancing their portfolios and moving toward bonds. But they were not buying because we were not in the index. Add to that the murmurs of regulatory roadblocks. Over the next few days since the announcement, we have explained to each and every institutional investor.

The Pune-based etailer had finalised plans to file its draft IPO papers this month but is pulling back on the advice of its investors and bankers, sources said. FirstCry, which also runs offline stores, is also thinking of ‘recalibrating’ its overall issue size and the valuation it would seek compared to its initial plans earlier this year, they added.

The investment bucks the overall trend of fierce foreign fund outflows from other local securities and is nearly one-fourth the net inflow for the whole of 2021 (at $4.46 billion), data from the National Securities Depository Ltd (NSDL) showed.

Gold prices on Monday rose above the more-than-three-month low level hit in the previous session, as a weaker dollar outweighed pressure from higher U.S. Treasury yields. Spot gold was up 0.3% at $1,815.69 per ounce, as of 0057 GMT. U.S. gold futures gained 0.2% to $1,812.20.

Oil prices slipped on Monday, giving up earlier gains as investors took profits after a surge in the previous session, but global supply fears loomed with the European Union preparing to phase in a ban on imports from Russia. Brent crude futures were down 64 cents, or 0.6%, at $110.91 a barrel at 0137 GMT, while U.S. West Texas Intermediate (WTI) crude futures dropped 60 cents, or 0.5%, to $109.89 a barrel.

Asian share markets were attempting a rare rally on Monday after Wall Street managed a bounce from deep lows, though investors were also braced for bad news from Chinese economic data due later in the session.