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At the interbank forex market, the local unit opened sharply higher at 78.24 against the greenback, but paired all of its initial gains to settle at 78.34. It witnessed an intra-day high of 78.24 and a low of 78.36.In the previous session, the rupee had settled at 78.33 against the greenback.

"The indigenisation list has come out and the first set of beneficiaries will be the defence PSUs because they are the platform integrators and this will be followed by the component and subsystem makers which are largely small and midcap private defence companies. We like Bharat Dynamics, Hindustan Aeronautics and GRSC followed by Bharat Electronics in the defence PSU space and within the private space we like Data Patterns. ”

“The key markets for branded pharma besides India are Russia, China, Brazil and recently we are also working and developing Europe, primarily Germany. Then there is a very important B2B hospital play which includes biosimilars. It will be complimentary but if you wish to leverage that, we are selling to the countries I mentioned,.” says Erez Israeli

Bitcoin (BTC) was comfortably holding around the $21,500 mark on Monday. The crypto behemoth rose about 4 per cent in the last 24 hours to scale $21,780 levels, according to the data from coingecko. The total market capitalization of Bitcoin surged over $407 billion, with a dominance close to 41 per cent. Bitcoins worth more than $16.5 billion exchanging hands in the last 24 hours.

Silver also gained Rs 781 to Rs 60,231 per kg from Rs 59,450 per kg in the previous trade.In the international market, gold was trading higher at USD 1,839 per ounce and silver was flat at USD 21.45 per ounce.

Trendlyne data shows that the average target price of nine analysts on Paytm is Rs 891, which signals an upside of 37 per cent from current levels.

"Shiba Inu, the second-largest meme coin, seems to be benefitting from signs of bottom fishing as well as a broader rebound in sentiment around the crypto market, ' said Arijit Mukherjee, Founder of Yunometa.

“Banking is a sector where we are bullish. In addition to that, industrials are something we like and among consumer discretionary stocks, we are bullish on auto. Now the reason is basically we are seeing commodity prices correcting and that is the benefit the automakers will start to enjoy in a quarter or two down the line. All in all, these are the three sectors which we like.”

Promoters held 59.47 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 24.44 per cent and 3.63 per cent, respectively.

The Relative Strength Index of the stock stood at 48.73 on Monday.