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Eight out of ten top valued firms saw an increase in market valuation last week, with HDFC twin firms leading the way. Of the top ten firms, eight had positive outcomes from their market valuation. The valuation of HDFC Bank increased by ₹31,553.45 crore ($4.8bn) to ₹9,29,752.54 crore, and HDFC saw a jump of ₹18,877.55 crore, lifting its market valuation to ₹5,00,878.67 crore. Nevertheless, the mcap of Infosys declined by ₹2,323.2 crore to ₹5,89,966.72 crore and that of ICICI Bank fell by ₹1,780.62 crore to ₹6,10,751.98 crore.

While the overall trend for the market remains positive with a weak dollar and falling US bond yields, analysts do not see significant upside for the index in the coming week, as crucial events are lined up.

It is important that investors remain more focused on domestic growth-focused themes rather than global themes at this stage, says Sandip Sabharwal. It is tough to build a bull case for IT although the stocks have underperformed significantly. Metals will have a subdued period for the next one or two years as global economies slow down.

Arvind Fashions is doing exceedingly well. Anand Rathi’s Varun Saboo does not see any concern related to Reliance entering into retail and that having any impact. The growth rates versus all other retail players, is also very impressive. This company has done some restructuring are going to turn net cash flow positive very soon. At six-seven times EV/EBITDA, there is nothing to lose here. This can be a potential multibagger.

“The Pharma Index is now trading above its 50-day moving average, indicating that buying interest is likely to continue in the short term.”

“HDFC is my top pick given its strong updates and the volatile market conditions. I also like State Bank of India in the PSU pack, which looks interesting after a recent correction.”

As a frequent issuer in the market and given the relatively stable market backdrop last week, the REC decided to capitalise on the environment to carry out an intra-day execution post extensive investor roadshows spanning two weeks in different geographies covering Singapore, the UK, and the US, it stated.

A recent study by Sebi had shown that loss-making traders expended an additional 28% of net trading losses as transaction costs in FY22.

While these acted as tailwinds, the receding focus on rate hikes with commentaries from both the Federal Reserve as well as the RBI pointing towards the same helped mellow down the headwinds too.

Most investors do not have the ability to acquire these assets entirely due to the sheer size and the lack of expertise required to manage them. Investment in InvITs also provides exposure to multiple such assets thus helping to diversify the risk.