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“The challenge lies in the outlook…industrial companies’ orderbook prospects heavily hinge on global growth. This is because industrial cycle is dependent on demand, prices and liquidity cycle – all of which are heavily influenced by global factors,” Nuvama Institutional Equities said.

IRB Infrastructure Developers is India’s first multinational infrastructure player in the highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, the company has an asset base of over Rs 60,000 crore in 10 states across the parent company and two InvITs.

A total of 218,012 shares changed hands on the counter till 10:31AM (IST)

Ipca Laboratories, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 20944.55 Crore) operating in Pharmaceuticals sector.

The stock surpassed its long-term supply zone of Rs 4,950 and rose to a new lifetime-high of Rs 5,095. Above average volume and rise in future open interest signals that major market participants were in favor of the bulls.

“With corrections, smart money will look at these sectors which have corrected in terms of valuation, which will at some point of time, start reporting growth numbers coming back. It could happen as soon as March for AC and fan companies. New-age companies will be left to the traders to participate in. Medium term money may not go into those companies.”

“There are three themes we are overweight on. First, we are extremely positive on the capex cycle currently ensuing in India, driven by the private sector. The second area that we are overweight on is basically going bottom up in the real estate sector. The third is domestic cyclicals which is a combination of financials and of cyclical sectors like autos.”

IT pack is performing well and Mphasis has finally surpassed the major hurdle at 200 EMA.

"It (RBI) is not necessarily synchronising (with western central banks) but at the same time, also watching the global movement of capital. I think the RBI is looking at the Indian economy a lot more for our purpose," Sitharaman said in a post-budget interaction in Jaipur.

The home-grown private equity player has so far invested in two companies -- Formax and Biryani Blues -- from the second fund, while Rs 380 crore has remained undeployed.