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Due to temporary overbought conditions, we could see some profit booking at higher levels. However, the medium-term trend is still on the positive side unless it starts trading below Rs 1,100. Positional traders retain an optimistic stance and look for an upside of Rs 1,275-1,325.

Bajaj Finserv Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 54854.68 Crore) operating in NBFC sector.

"I would advocate zero allocation to gold as an investment class. It is good for jewellery and nothing else. Let’s not compare Gold with Equites; there is no comparison. Selectively. In each industry, quality midcaps that have a niche, agility, aggressive management, or company-specific strengths should do very well and provide good outperformance."

“We continue to be impressed by how they are executing on the telecom opportunity. Till five-six years ago, this was not a telecom company. It is remarkable to see that in the space of five-six years, a giant telecom business has been built but its the free cash flows that we look for and whilst the free cash flows remain elusive, we will keep tracking the stock without actually investing there.”

“A separate meeting of the Monetary Policy Committee was held on November 3 to discuss and draft the report to be sent to the Government by the Reserve Bank of India under the provisions of Section 45ZN of the RBI Act, 1934 and Regulation 7 of RBI MPC and Monetary Policy Process Regulations, 2016,” the regulator said in a short statement.

Bids can be made for a minimum of 36 shares and in multiples of 36 shares thereafter. The IPO comprises of fresh issue of shares aggregating up to ₹805 crore and an offer for sale of up to ₹657 crore. The offer will close on November 11.

Bailey said the US and UK are facing very different circumstances, with the rise in electricity and natural gas prices in Europe likely to restrain the economy and take some of the wind out of inflationary pressures.

While traders are roughly evenly split between the odds of a 50 basis-point and 75 basis-point rate hike in December, the peak Fed funds rate is seen climbing to at least 5%, compared with a prior view of 4.50%-4.75% rise.

“Valuations are being discussed. When Allcargo bought Gati, there was an agreement made between Gati and Kintetsu World Express that for two years, there would be no change in the structure of the JV. Since that two-year period is over, we at Allcargo felt that it’s time for us to become a 100% ownership," said Pirojshaw Sarkari.

The fast moving consumer goods maker is expected t0 report a nearly 13% YoY rise in consolidated net profit to Rs 4,064 crore