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“If the market were to break any levels below 17,250, the correction can get deeper. At the moment, I am not envisaging that but if it does that we should be prepared for a deeper correction.”

“We like the five largecap companies in the IT sector and though valuations have moved up a bit, they are still reasonable in the context of growth they are likely to deliver over the next three to five years. When it comes to midcaps, we are taking a more stock specific approach.”

Gold futures on MCX were up 0.07 per cent or Rs 35 at Rs 47,958 per 10 grams. Silver futures rose 0.15 per cent or Rs 97 to Rs 64,668 per kg.

“We often forget to realise how much we have rallied even for November! Net-net, we are down a percent or barely flat on midcap and largecap indices. So nothing really has happened in November.”

JSW Steel Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 158811.38 Crore) operating in Metals - Ferrous sector.

Latent View Analytics is a pure-play data analytics services company in India that offers consulting services, data engineering, business analytics and digital solutions. It provides services primarily to companies in technology, retail, industrials and BFSI.

The 30-share BSE Sensex was down 111.82 points at 58354.07

A total of 33,060 shares changed hands on the counter till 10:05AM (IST)

Asia stocks were mostly lower on Tuesday, tracking a retreat on Wall Street after President Joe Biden picked Federal Reserve Chair Jerome Powell to lead the central bank for a second term, reinforcing expectations the U.S. will taper its stimulus soon.

The Dow Jones Industrial Average rose 0.05% to end at 35,619.25 points, while the S&P 500 lost 0.32% to 4,682.94.