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"We are quite cautious on the IT pack and more so from the performance side, we are cautious because according to our internal models, their valuations are far away from their mean valuations and we expect the trend to continue and barring for HCL Tech, most of the largecap names have still to play catch up in terms of giving away some of the over valuation that has happened."

Although, since November 2021, the stock largely moved in a range where Rs 780 acted as a stiff resistance while levels above Rs 600 acted as strong support. The stock recently gave a breakout from this range last week to hit a fresh record high of Rs 815.

The Nifty Realty index was trading 1.47 per cent up at 424.9.

"When I am looking at it as an investor, I would see whatever I am following that strategy consistently and just sticking to one strategy or not. So whatever decision one makes, whether it is an active fund, whether it is passive, inactive – it may be in various styles which are there, whatever is the strategy one chooses, following it consistently would be more important than trying to look at what is working now versus others."

Since 2011, there have been only two occasions when Sensex has given negative returns in the festive month of October, which also marks the beginning of Q3 and the second half of the financial year.

High demand, large opportunities, and strong orders from sectors such as financial services, retail, communication, manufacturing, and energy and utilities which earn over 80 per cent revenue will continue to aid growth.

Manappuram Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue, Fees & Commission Income for the year ending 31-Mar-2022.

Crypto domains are still in their infancy, though. There is no guarantee they, or Web3, will live up to their promise, while the highly volatile nature of cryptocurrency and NFT markets suggest perils for the unschooled trader.

“If we get some positive surprise in terms of margins or commentary, then a significant correction of about 30% to 40% across many IT names could provide a good short-term opportunity also. We should look out for good commentary from the numbers. Infosys and Persistent Systems are the two names where we have a positive bias in terms of quarterly numbers.”

Gold is seen as a hedge against inflation, higher interest rates increase the opportunity cost of holding bullion that pays no interest.