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Promoters held 62.55 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 11.85 per cent and 7.07 per cent, respectively.

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 75810.60 Crore) operating in Consumer Durables sector.

“As the world markets are getting cheaper, we could see some kind of a slowdown in foreign capital flows and that is what is leading to the net negative flows right now. So that trend might continue till such time there is stability in the currency, which does not seem to be the case right now.”

A total of 6,427 shares changed hands on the counter till 10:46AM (IST).

A board meeting of Rajnandini Metal is also lined up to deliberate fundraising. Embassy Office Parks REIT other than quarterly earnings will also deliberate over dividend.

Adding pressure to the Indian rupee was the spike in US bond yields. The policy-sensitive two-year Treasury yield was near its highest since 2007 while the ten-year US note yield was at 4.15%.

"We have our bets in consumer-led sectors and in banks. Our momentum smallcase is heavily tilted towards consumer stocks - autos, FMCG, cement, hotels and banking and financials at this point. These sectors are high performing but still low beta. Talking about stock picks, we like SBI, Federal Bank, Angel One and CAMS in the financial space. ITC, Jubilant Foods in consumer and for special festive cheer we like Titan and Kalyan Jewellers."

Newgen Software Technologies Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2540.44 Crore) operating in IT Software sector.

“The recent 3% rally has taken the Nifty to just 6% below its 52-week high. This rally in a difficult global equity environment has surprised many, including the FIIs, who have slowed down their selling,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

“We are seeing opportunity in chemicals and in EMS. The industry can grow from $75 million to $300 million. In fact there is a note that our mobile exports can actually become 5x and we have seen a lot of action there not only just in mobiles but in the migration from OEMs to ODMs like Dixon Tech.”