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Gold futures on MCX for April delivery were trading at Rs 51,678 per 10 grams, up Rs 458 or 0.90 per cent. But analysts expected gold to fall going ahead as the bullion is highly sensitive to rising US interest rates, which increase the opportunity cost of holding non-yielding bullion.

All 30 Sensex stocks were trading in the black. HDFC climbed 3 per cent to Rs 2,357. Asian Paints, Axis Bank, Kotak Mahindra Bank and HDFC Bank climbed over 2 per cent each. Bajaj Finance, Titan Company, ICICI Bank, Hindustan Unilever and IndusInd Bank added up to 2 per cent.

Naren, who handles assets worth $64 billion, said the solution for investors during the current phase of the market is nothing but asset allocation and systematic investment plans (SIPs).

“Whether the outbreak of the Omicron wave in China will soften the region’s growth is now a much bigger concern than what is happening on the Russia-Ukraine front. My sense is that even a rate hike in June in India could be postponed and we would see a significant amount of bond purchases by the RBI to keep the bond market from moving up in a disruptive manner.”

Macquarie’s Suresh Ganapathy cut his price estimate to Rs 450 from Rs 700, citing lower valuations for fintech companies globally while keeping earnings and revenue estimates for the firm unchanged.

As part of the move, 100 per cent of shares held by JSW Renew Energy (Kar), JSW Renewable Energy (Dolvi), JSW Energy (Kutehr) and JSW Hydro Energy have been transferred to JSW Neo Energy (JSWNEL).

The partially convertible rupee opened at 76.0290/$1 as against 76.2650/$1 at previous close. The Indian currency strengthened past the psychologically significant 76/$1 mark, moving in a band of 75.9880-76.0540/$1 so far in the day.

The money manager bought 20-80 lakh shares of Union Bank Of India, The Federal Bank, Indian Bank, Equitas Small Finance Bank and Bank of Baroda during the month.

While ICICI Lombard and The New India Assurance Co are direct plays on general insurers and GIC Re an indirect play on the sector, Star Health, Motilal said, is the first standalone health insurer to list in India.

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 421671.01 Crore) operating in NBFC sector.