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As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 6.74 per cent and domestic institutional investors had 3.33 per cent.

The market is not bad, but it is on a holding pattern. The Fed is expected to raise rates, but it is not clear if they will just kick the can down the road or actually do something. There is a lot of talk about a contagion effect, but so far it has not happened in the US. There are some underlying issues that need to be watched closely, but so far they have not caused any problems.

The stock market is very challenging at the moment, but if someone is willing to look at a one year time horizon, they can find good opportunities in the construction infrastructure space. Larsen & Toubro is a good example of a company that is going to benefit from this market trend. Other companies that are worth watching include Mahindra and Mahindra, JLR, and Mahindra Electric Vehicles.

BofA cut its year-end target for the Nifty 50 by 8.3% to 18,000 points, expecting the index to be volatile and trade between 16,000 and 18,000 levels for the year.

Five prominent life insurance houses are bullish on particular smallcap stocks. These stocks belong to different sectors such as banking, IT, healthcare and NBFC.

“The gold slid with 0.52% daily losses on Monday after hitting the year high above $2000 mark. Investors are trying to recover their optimism after different banks’ failures triggered concerns about global financial stability,” Marc Despallieres, Chief Strategy and Trading Officer at Vantage said.

For companies such as Amber Enterprises India, Blue Star, Voltas, and Whirlpool of India, about 70% of the annual primary sales of their products like air conditioners, air coolers, and refrigerators take place in the first six months of a calendar year. In fact, March-May accounts for 50% of this.

Gold prices are on a high and silver prices are also on a high. This is happening ahead of Gudi Padwa, which is a key Indian festival when people buy gold. So how do you see demand and price action on gold right now? Are we looking at bigger highs on gold and silver? Yes, gold and silver prices are in a structural bull run and it is a strategic investment from the investment point of view.

He further said the more calm is restored following the panic selling of bank stocks in recent days, the more likely the Fed is to announce another 25 bps rate hike, whereas if risk-off continues a pause seems much more likely.

The Nifty IT index was trading 0.66 per cent down at 28254.55.