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The Nifty Auto index was trading 0.44 per cent down at 11575.55.

Nestle India Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 193234.93 Crore) operating in FMCG sector.

Promoters held 38.18 per cent stake in the company as of 30-Sep-2021, while FII and DII ownership stood at 18.51 per cent and 3.2 per cent, respectively.

“When you are buying quality at any price, then you are compromising your future return. You are assuming that these valuations will continue forever.”

“Portfolio rotation should now go from a very aggressive strategy to more of neutral on risk and focus should be more on largecaps and midcaps.”

“IRCTC is being valued as a new age platform business. The key monitorable here is how their payment gateway platform iPay transforms.”

IRCTC, which has zoomed by a similar percentage point, saw MFs paring 250 basis points stake to 4.78 per cent from 7.28 per cent.

Berger Paints (India) Ltd., incorporated in the year 1923, is a Large Cap company (having a market cap of Rs 78553.49 Crore) operating in Building Materials sector.

A total of 942,286 shares changed hands on the counter till 10:00AM (IST)

The Nifty Pharma index was trading 0.31 per cent down at 14340.25.