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The Nifty Bank index was trading 0.8 per cent down at 43067.7.

“The bigger call is that in trending markets, one should be passive and in flat to volatile markets, maybe active is better. What will be the scenario in the next 3-5 years is probably impossible for anyone to call, but maybe a combination of active and passive is the right way to go.”

CoinDCX published its proof of reserves with an audited report on Monday, which furnishes both sides of its reserve balance i.e. assets and liabilities and has been published in partnership with Coingabbar a crypto research firm.

JM Financial remains positive on Canara Bank and expects it to hit a target of Rs 345-365 in the next 1-2 quarters. “We expect Canara Bank earnings recovery to be driven by a) credit cost normalisation (1.3% by FY24E), b) improvement in margins and c) sustained growth momentum,” said the note.

Last week, Fed Chair Jerome Powell said that the US Central Bank will deliver more interest rate hikes next year to curb inflation. Other major central banks have also highlighted a similar hawkish stance.

NRB’s focus and embracing of future technologies along with re-inventing and altering its capabilities has led the Company to supplying the world’s foremost E-Vehicles. The brokerage valued NRB at Rs 190 i.e. 17x P/E on FY24E EPS.

The stock gave a breakout from a 5-month (since July) consolidation range on the weekly charts. The stock faced resistance around Rs 200 levels while strong support was seen near Rs 170 levels.

InterGlobe Aviation, incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 78329.99 Crore) operating in Airlines sector.

"We also shave off some weight from Maruti (potential headwind to discretionary consumption due to slower wage hikes/IT hiring) to banks," he said, adding that it has brought the materials sector weight to neutral from currently nil in its portfolio.

The stock quoted a 52-week high price of Rs 27932.6 and a 52-week low of Rs 17900.0.