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“We might see a bit of a cool off but capex as a theme is here to stay for another two to three years. If you see any correction in these names – be it Siemens, ABB, L&T and the bearing companies etc. One should really look out for buying opportunities there as the cycle is looking quite positive.”

Indian Bank key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest On Balances with RBI and Other Inter-Bank Funds and Interest for the year ending 31-Mar-2022.

A total of 98,117 shares changed hands on the counter till 10:30AM (IST).

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 534673.49 Crore).

The Nifty IT index was trading 0.23 per cent down at 29380.1.

Stocks that were in focus included names like Jammu and Kashmir Bank which was up nearly 4%, APL Apollo Tubes which rose nearly 2%, and Castrol India which hit a fresh 52-week high on Tuesday.

Later in the week, Bharat Forge ( Rs 1.5 per share), Power Finance Corporation (Rs 3 per share), and JM Financial (Rs 0.90 per share) will also trade ex-dividend.

"Earnings growth will continue to be the most dominant factor in driving markets forward. In the near term, the market would take its cues from macroeconomic factors like inflation, interest rates, crude oil price, and Union Budget expectations. One should also keep a tab on the global slowdown and liquidity-related concerns."

“The worst is over for the FMCG industry in terms of margin pressure and rural volumes. It will be a gradual recovery. In terms of palm oil, it is down almost 50% from the peak and we should not see a three week high or a four week high that would be a wrong way to look at the number because year-on-year, biscuit and soap companies will see good benefits starting in Q3 in terms of margins.”

“Larger IT deals are generally awarded to companies with a larger size and so LTI-MindTree combine will now be eligible to bid for even larger deals and that should be positive for the company. It will put some pressure on some of the existing players. Wipro has been lagging in terms of growth compared to peers while HCL Tech has been focussing on a different segment and is trying to improve growth.”