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The Indian market is expected to consolidate on Wednesday. Sensex increased, while Nifty50 closed above 18600 levels on Tuesday. India VIX was down over 2%, which gave comfort to the bulls to buy at any small declines. The options data suggests a trading range between 18400 to 18800 zones while having an immediate trading range in between 18500 to 18750 zones. Traders with a short-term horizon may consider buying Mahindra Holiday Resort, Marico, Hero MotoCorp, Aditya Birla Capital and IndusInd Bank, according to various experts.

Among Sensex stocks, SBI, Reliance, Tata Steel, IndusInd Bank, HDFC, ITC, and NTPC opened with cuts, while Tata Motors, HCL Tech, Asian Paints, Sun Pharma, Bharti Airtel, and Tech Mahindra opened higher.

Indian corporates raised close to Rs 2 trillion by way of QIP and rights issue in FY21 and FY22, coming out of the impact of Covid in order to strengthen their balance sheets, capitalizing on the strong inflows into the capital markets from investors across the board.

Indian non-banking financial companies (NBFC) have raised around INR 100bn ($1.21bn) in the past five days from bond issues, double that of the preceding work week. More issues are expected as interest rates in the debt market continue to be low, leading to demand picking up as lending rates drop. Meanwhile, the Reserve Bank of India’s recent move to withdraw INR 2,000 notes is expected to boost liquidity and lead to shorter tenor yields improving.

Four consistent performers in the Indian stock market have been identified through a screener search, each having delivered over 25% annual return over the last four financial years. Among the firms is Mumbai-based water and environment management specialist Ion Exchange, whose shares have risen by 892% over the four years, while Gujarat Themis Biosyn has surged by 1,904%. Also featured are Timken India, which rose 386% in the four years, and JB Chemicals and Pharmaceuticals, whose shares have risen by over five times.

Top brokerage firms have shared their recommendations on some Indian companies. BofA Securities maintained a buy rating on SBI with a target price of Rs 1030, while Jefferies downgraded JK Cement to hold with a target price of Rs 3260. JPMorgan remained overweight on Coal India with a target price of Rs 290. CLSA maintained a buy rating on Tata Motors with a target price of Rs 624 and Citi maintained a buy rating on Policybazaar with a target price of Rs 820.

A small and medium enterprises (SME) IPO is a fundraising procedure that allows a small or medium-sized business to go public like other, larger firms and also gives smaller businesses a platform to be listed on indices.

I think financials will be another one to look at with the growing savings, growing investment, growing capital market financials. Infra will do well clearly because there is a need for infra development and so industrial stocks are going to do well.

I am still very positive on the larger banks, the likes of Axis, HDFC, Kotak as well as ICICI Bank and at some point of time unless these large cap banks move up, I think the space for the small and midcap banks will not be cleared for them to move up as well. At the end of the day the valuations are driven by the large cap banks and that does trickle down to the small and mid-sized banks.

​Now products demand is based on so many other factors, not just related to the economic activity of the rural area.