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“The only caveat dealing with Covid is that it is going to be an absolutely non-event kind of a thing as far as India is concerned. But it is always uncertain to comment about Covid. Apart from Covid, there are some serious tailwinds for the sector.”

Jubilant Foodworks, incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 33701.59 Crore) operating in Tourism & Hospitality sector.

After more than doubling for two consecutive years in 2020 and 2021, shares of speciality chemical player Jyoti Resins & Adhesives have gone up 3 times in 2022. Since last year, the stock has been rising continuously with higher highs and higher lows. On the weekly chart, the smallcap stock has not faced any major profit booking after 2021.

“We also like some industrials and manufacturing plays in the midcap space, in defence, in textiles and partially in industrial gases. We track this very closely and we are also tracking some NBFCs which have been a little out of favour because the market believes that the cost of borrowing for NBFCs is up and banks have an advantage but there are some NBFCs like Poonawalla where we are seeing the cost of borrowings drop by almost 2.5%.”

US stocks finished sharply lower on Wednesday, as investors assessed economic data on the housing market amid concerns over rising interest rates and economic growth in 2023. US stocks fell for a second day on concerns that the end of China’s zero-Covid policy could lead to a rise in cases around the world.

During the recent swift decline, the stock managed to defend July month’s low. Appearance of multiple tall bullish candle indicates renewed buying interest and shift of band on the upside.

“Volatility is likely to be the hallmark for the day as traders roll over December F&O contracts to January,” Prashanth Tapse - Senior VP (Research), Mehta Equities said.

Under the RDSS, Prepaid Smart metering is the critical intervention envisaged, with an estimated outlay of Rs 1,50,000 crore with GBS (gross budgetary support) of 23,000 crore and 250 Million prepaid smart meters are targeted to be installed during the Scheme period from FY 2021-22 to FY 2025-26.

New-age companies raised $24 billion across all stages as of Dec 28 compared with $35.4 billion in 2021

Nomura analysts said in a note that there could be significant waves of infection across China, spreading from urban to rural areas, during the nationwide travel rush for the Lunar New Year which falls on Jan. 22.