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As the benchmark indices continued to hold gains, analysts can see select strong gearing up for a strong rally in the near term on a technical basis. They suggest that stocks across sectors can deliver decent profits in the near term.

Gold futures on MCX were trading flat, rising marginally by 0.08% or Rs 43 at Rs 50,780 per 10 grams. Similarly, silver futures were trading higher by 0.29% or Rs 171 at Rs 58,449 per kg.

Recurring group operating profit rose to 1.55 billion francs, slightly ahead of forecasts for 1.48 billion francs. These record results give us the confidence to upgrade our 2022 guidance for net sales, recurring EBIT and leverage, and launch a share buyback program," said Chief Executive Jan Jenisch.

“There has been a shift like, for example, fancied high value stocks like Bajaj Finance have got sold out and Axis Bank, ICICI Bank etc. have got interest from investors. Some of the reopening companies, hospitality companies, restaurants are doing well. They will keep on getting some interest. Some retail players will keep on getting interest as would capex oriented companies.”

“Technical indicator Stochastic exhibits a fresh BUY signal supporting the bullish stance. Exide Industries qualifies for a BUY at current levels of 165 & on dips towards 150 levels with stop loss to be placed below 142 levels on a daily close basis,” recommends Deodhar.

Birlasoft Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 7244.75 Crore) operating in IT Software sector.

The Street is very optimistic about the resulting entity. NMDC Steel would be valued at about Rs 35-40 per share for a greenfield plant capacity of 3 MTPA, said Prashanth Tapse, Research Analyst, Mehta Equities. "Overall we remain neutral on the stocks."

Global brokerage firm UBS maintained a buy rating on MCX, JP Morgan remained neutral on Tata Consumer, BofA maintained an underperform rating on PNB Housing and Goldman Sachs recommended a buy call on Maruti Suzuki.

SBI Cards and Payment Services reported net interest income (NII) growth of 21% YoY and 3% QoQ at Rs 1,116 crore. The net interest margin for Q2FY23 declined by 90 bps to 12.3% on a sequential basis, mainly due to an increase in the cost of funds. Provisions for the second quarter FY23 were down 8% YoY but up 21% QoQ.

Crypto staking platform UniFarm has entered into a strategic alliance with Bengaluru-based ONMETA. The partnership is aimed at empowering Indian users with Indian currency-based purchase of tokens for staking to earn passive income.