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A total of 1,219 shares changed hands on the counter till time (IST).

So one has to really look at a slightly bigger picture and from that perspective we think that HAL, Bharat Electronics, Bharat Dynamics one can have some allocation with a two to three year kind of perspective and if you see any dip in between because of some negative surprise I think we should use that as a buying opportunity.

The Nifty50 index took support at the 16,800 level after 11% correction from the top. Index has formed a base at support for 10 days followed by a breakout above the 17,200 level. It is a positive development.

External factors are very volatile and the global banking sector is also under public scrutiny due to mounting treasury losses. The US FED has also kept the ‘dot-plot’ for 2023 unchanged in its last meeting with a terminal rate of 5.1% depicting we are nearing the peak.

The yellow metal spot price also scaled $2025.25 in the international market, its third highest ever on Tuesday. The lifetime high is $2,075 which was hit in 2008 while the second highest peak is $2070 in March of 2022, according to commodity and currency expert Anuj Gupta, Vice President (VP), Commodity and Currency Research at IIFL Securities.

Sustainable upside after formation of bullish candle-stick pattern. Bottom formation likely at Rs 49.75.

We, too, have witnessed a reasonable slowdown in certain pockets of the economy. Still, at an overall level, India will continue to see 11-12% nominal GDP growth, and one can expect similar returns over the next 6-9 months.

Rebalancing an investment portfolio at specific periodic levels is more favourable than buying and holding because it offers a sustainable process that can approach the volatility and the upsides and downsides of the market unemotionally through a mathematical approach, according to Swarup Mohanty, CEO, Mirae Asset Investment Managers (India). Investors should review and rebalance their portfolios periodically, and rebalancing can help maintain the actual asset allocation closest to their risk profile, he said.

India VIX was down by 2.74% from 12.94 to 12.58 on Monday. Volatility has been falling from the last four trading sessions which is giving some comfort to the bulls.On the options front, the weekly maximum Call OI is placed at 17700 and then towards 17500 strikes while the maximum Put OI is placed at 17000 and then towards 17200 strikes

Increase in profitability with strong asset turnover is expected to result in healthy return ratios over FY23.