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“In the next few months, IT will be more of a market performer – it will neither outperform nor underperform. . I feel that way because after almost one and a half year of very sharp rise in which the index as well as the individual stocks moved anywhere from 50% to 150% or more and in some cases the midcaps obviously outperformed the largecaps.”

Gold futures on MCX were trading lower by 0.13 per cent or Rs 66 at Rs 50,799 per 10 grams. However, silver futures dropped 0.37 per cent or Rs 228 at Rs 61,352 per kg.Bullion is considered a safe haven during times of political and economic uncertainty. However, higher short-term US interest rates increase the opportunity cost of holding gold

Hero Motocorp’s scrip fell to a low of Rs 2,640 as against Rs 2,758.55 at the previous close on the BSE. The stock was last trading 2.4 per cent lower.The company said its customer-centric approach, combined with the shortage in availability of key manufacturing components, has forced it to postpone the EV launch till the "festive season" later this year, reports said.

Religare’s share price shot up to a high of Rs 135.05 as against Rs 122.50 at the previous close on the BSE.On Tuesday, Religare and Religare Finvest settled with markets regulator SEBI a case pertaining to alleged financial mismanagement and diversion of funds after collectively paying Rs 10.5 crore towards settlement fees, PTI reported.

The partially convertible rupee opened at 77.5830/$1 as against 77.5200/$1 at previous close. The Indian currency, which was last at 77.5930/$1, moved in a band of 77.5560-77.870/$1 so far in the day.

As of 31-Mar-2022, promoters held 0.0 per cent stake in the company, while FIIs held 9.35 per cent and domestic institutional investors had 1.93 per cent.

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 417939.56 Crore).

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Net-net analysts have positive views on Sun Pharma, Tata Motors and InterGlobe Aviation, neutral to negative views on Vodafone Idea and no view on New India Assurance Company.

“I feel that India is a place to go but there is still a lot of confusion about how to do it and also a lot of the existing players are taking money off the table because they are seeing opportunities in other emerging markets. If one is an emerging market player, one would be looking at buying on dips in China, buying on dips maybe even in Russia.”