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"A truncated week, with monthly expiry, also falling in, is a recipe for volatility. But this may not lead to large trading ranges, given the sustained fall in VIX in the last week. Traders would do well to apportion a part of their winnings into a long-term investment on this auspicious accession."

The Nifty Auto index was trading 0.72 per cent up at 12887.2.

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 125820.21 Crore) operating in Financial Services sector.

“When we start thinking of ourselves as number one in whichever field it may be, it may be chemicals, it may be defence, it may be autos, the scale of expansion possibility is dramatic. Remember in the last crisis 2008, Vivek Chaand Sehgal’s company went 10x. In this crisis, you will find a few more people like that.”

The European Central Bank meets this week and is widely expected to raise rates by 75 basis points. In commodities markets, gold prices rose 0.1% to $1,650.6 per ounce, while benchmark Brent crude futures were steady at $93.2 per barrel.

The overall structure of the counter is remunerative as it trades above its all-important moving averages. On the upside, Rs 1,750 is facing immediate resistance. Above this, we can expect a long rally till Rs 1,900 in the near term while on the downside Rs 1,610 is the important support level in any correction.

Tata Motors Ltd. key Products/Revenue Segments include Motor Vehicles, Spare Parts & Others, Miscellaneous Goods, Sale of services and Other Operating Revenue for the year ending 31-Mar-2022.

"The IT sector has been a pleasant surprise as far as the results are concerned. Top-line growth across most major companies has come in better than expected whereas attrition pressures have also eased, thus keeping both the growth as well as margins healthy. This, combined with attractive valuations, makes the sector a good bet from a 2-3 year perspective."

“Two largecaps to go for are ICICI Bank and UltraTech Cement. ICICI has been a stellar bank as far as the liability franchise, the NIMs and the asset quality are concerned and retail flows have been the saviour of this market. One can also add an UltraTech Cement where the numbers were slightly below expectation because of the extended monsoon.”

“Whilst the stars are indeed aligned for Indian banks, the key beneficiaries would continue to be lenders which have the ability to consistently deliver RoEs above the cost of capital over extended periods,” said the long-term investor who is betting big on the likes of ICICI Bank and HDFC Bank.