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A total of 16,563 shares changed hands on the counter till 01:39PM (IST).

Even though the correction in Nifty by 15 per cent from the peak had cooled valuations a bit, the recent recovery has again pushed the valuations up. Therefore, investors should prefer value to growth in these times of uncertainty. Preference for value over growth is a global trend now.

When the country’s central bank boasts of $632 billion worth of FX reserves, speculating against the currency is fraught with risk.

Consumer stocks in India enjoy a significant premium given the growth runway and this should likely continue for Nykaa although the question remains on the fair valuation multiple, the brokerage said.

The stock quoted a 52-week high of Rs 141.75 and a 52-week low of Rs 86.7.

Data showed Nifty Auto has consistently lagged the benchmark Nifty50 over the last four calendar years, yielding negative returns in two, in the face of multiple headwinds. On a year-to-date basis, the index is down 7 per cent as against a near 3 per cent fall in the NSE barometer.

“In terms of investment themes, the first theme to emerge has to do with India’s demographics which are around consumers. Second is essentially around digitalisation. The third one is decarbonisation which revolves around how to move towards carbon neutral and create alternative sources of fuels and that kind of stuff, says Envision Cap MD & CEO”

"The key question for gold in times of geopolitical crises is always whether economic and financial market risks are on the rise or whether they are receding. For the moment, the gold market is reflecting the latter even though it is constantly assessing the situation, which remains highly in flux and highly uncertain," said Carsten Menke, Head Next Generation Research, Julius Baer.

“Coming to growth in affordable as well as the high-end market, from 2017 till 2020, it was the middle income housing, the tier II, tier III towns which were driving the growth. Today the growth is coming not just from the tier II, tier III cities but equally so from the metros.”

The 30-share pack Sensex rose 1,047 points or 1.84 per cent to end the truncated week at a one-week high of 57,864. Its broader peer NSE Nifty50 also jumped 312 points or 1.84 per cent to close at 17,287. Domestic stock markets will remain shut on Friday on account of Holi.