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Mahindra & Mahindra Ltd., incorporated in the year 1945, is a Large Cap company (having a market cap of Rs 124070.62 Crore) operating in Auto sector.

S Naren of ICICI Prudential MF said the market has not reached a point of maximum pessimism as yet and believes equities would be very attractive if the market were to fall more. "Markets will have to spend some more time consolidating.

Automobiles are a good trade which is building in especially from the recovery of volume perspective, said Vikas Khemani, Founder, Carnelian Capital Advisors. "We know that because of the semiconductor chip shortage, demand and growth have been muted but 2023 could be a very good year from that perspective," Khemani added.

Amid the correction seen in the index, some of its constituents have also seen a 6-41 per cent fall in their values. As many as eight index stocks have cumulatively wiped out Rs 12.76 lakh crore of investor wealth. The majority of these index stocks are from technology, financial or banking sectors, and have the biggest weights in the index. Each of these constituents has eroded more than Rs 1 lakh crore each, since October 19.

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 49967.97 Crore) operating in Auto sector.

The gold and silver markets showed some nervousness in the aftermath of the announcement as they digested the news flow of the press conference, but they ultimately ended the day slightly up.That said, prices remain in their recent ranges, underpinning that the markets are still tossed and torn between the inflation issue and the related tightening of monetary policy by the world’s central banks – most notably by the US Federal Reserve.

However, total income during the quarter under review rose to Rs 7.59 crore from Rs 2.58 crore in the year-ago period.Expenses soared to Rs 8.62 crore from Rs 1.93 crore a year ago.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 105856.24 Crore) operating in Auto sector.

The Nifty IT index was trading 2.1 per cent down at 26566.45.

RITES is a midcap company, operating in the transport consultancy and engineering sector having diversified services and geographical reach, with a market cap of Rs 5,730 crore.RITES will operate and maintain shunting locomotives for a period of 10 years.