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BofA Securities maintained a buy rating on Glenmark Life with a target price of Rs 560. Sustainable growth drivers are in focus.

“There is a strong tailwind and a strong headwind which can sway the market now. The tailwind is the sharp decline in Brent crude to $86.75, which is a big macro positive for India. But this tailwind is unlikely to take the market higher since the headwind in the form of steadily declining momentum in the recent market uptrend, is very strong,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Easy Trip Planners shares will trade ex-bonus. Also, the stock will trade ex-split in the ratio of 1:2. The board of Triveni Glass will meet to consider and approve the date, time, and venue for holding the extraordinary general meeting of the company and other related matters.

The semiconductor sector is at the center of a growing rift between the US and China as the two nations vie for leadership in the global technology industry. Washington has imposed elevated sanctions on high-end chips produced for Chinese customers specifically to forestall them making their way into the hands of the Chinese military.

He expects the overall demand in rural markets to improve in the January-March quarter once harvests are completed and farmers receive money in their hands. Commodity inflation will further ease out by then thus providing more buoyancy, he added.

"Given how far U.S. bond yields and the dollar have dropped in the past couple of weeks, we think there is a good chance that they rebound if the Fed minutes are in line with the recent hawkish language from members," said Jonas Goltermann, a senior markets economist at Capital Economics.

Asian share markets turned hesitant as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, also the top bullion consumer, while bonds and the dollar braced for more updates on U.S. monetary policy.

China is re-emerging as a competitor for international investors’ funds. As China begins to ease curbs and move to focus on the economy, it’s beaten down valuations vis a vis India’s steepest valuations could turn out to be India’s disadvantage and temper down flows.

There is also a concern in the industry that any major uptick in steel price could make the government reconsider export duties, they said.

On Sunday evening, the country’s largest depository by way of active demat accounts said that its systems had been made live after due checks and validations.