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As announced in the union budget 2022, the Indian government is levying 30 per cent taxations on the gains arising from the trade of crypto assets. Many of the market players saw this move as an anti crypto stance.

At the interbank forex market, the rupee opened at 76.60 against the greenback and moved in a range of 76.43 to 76.71 in the day trade. It finally closed at 76.53, registering a rise of just 4 paise over its previous close of 76.57.

“We have moved from a quality growth kind of a market to more of a value market. If one looks at what is happening to stocks which were considered value, cyclicals are the spaces to be in, in my opinion for the next year, year-and-a-half. So engineering, capital goods, autos, cement, power are the places that look very interesting right now.”

"As of now, we expect a move to happen in the northward direction where 17,400-17,450 are the levels to watch out for. The moment we surpass this, we could see a lot of individual stocks participating in the next leg of the rally," said Sameet Chavan at Angel One.

The private lender said its net interest income (NII) for the quarter grew 17 per cent YoY to Rs 8,819 crore. Net interest margin (NIM) for the quarter came in at 3.49 per cent.

“We need to trend not just ahead of what we did in 2019, we should look at 2019 plus 20% for the hotel industry in general and also Indian Hotels in particular going forward. That should be our extended goal or benchmark in light of the inflation that is coming in.”

The stock hit a lifetime high earlier in April but the trend quickly went sideways as investors preferred to book profits after the sharp rally.

“We will actually declare the highest ever gross margin in the year in FY21-FY22. We have taken a 6% price increase in April and gross margins as of now are holding up. We have honest pricing. If the raw material prices go up, we pass them on. Premium products are doing better than the lower-end products but rural is holding up quite nicely.”

Even before the opening of issue, LIC is commanding a premium of Rs 45-55 in the grey market, which is about 5-7 per cent over its price band of Rs 902-949 per share. It is a decent prima facie premium for such a large issue.

"The outcome was in line with our expectations but there had been some uncertainties that the BOJ might change its policy. Those worries have been removed, which boosted the appetite for stocks," said Shigetoshi Kamada, general manager at the research department at Tachibana Securities.