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The stock surpassed its long-term supply zone of Rs 4,950 and rose to a new lifetime-high of Rs 5,095. Above average volume and rise in future open interest signals that major market participants were in favor of the bulls.

“With corrections, smart money will look at these sectors which have corrected in terms of valuation, which will at some point of time, start reporting growth numbers coming back. It could happen as soon as March for AC and fan companies. New-age companies will be left to the traders to participate in. Medium term money may not go into those companies.”

“There are three themes we are overweight on. First, we are extremely positive on the capex cycle currently ensuing in India, driven by the private sector. The second area that we are overweight on is basically going bottom up in the real estate sector. The third is domestic cyclicals which is a combination of financials and of cyclical sectors like autos.”

IT pack is performing well and Mphasis has finally surpassed the major hurdle at 200 EMA.

"It (RBI) is not necessarily synchronising (with western central banks) but at the same time, also watching the global movement of capital. I think the RBI is looking at the Indian economy a lot more for our purpose," Sitharaman said in a post-budget interaction in Jaipur.

The home-grown private equity player has so far invested in two companies -- Formax and Biryani Blues -- from the second fund, while Rs 380 crore has remained undeployed.

The three bidders have offered different plans which will now be evaluated by Resurgent Resolution Professionals, the valuer appointed by banks. Depending on the valuer’s report, lenders will put the best plan to vote based on the net present value.

Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped improve the efficiency of the acquirer banks, they have added to shareholder value for banks that have been acquired.

NSE on Friday announced changes to select indices>> For more such web stories click on the ET icon below

Besides, the company is also expanding its product portfolio in large appliances like refrigerators, room air conditioners and some other segments such as cameras