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“In a rising interest rate scenario with good credit growth, I would prefer banks over NBFCs. Other spaces like insurance, asset management companies, brokerage, tend to be different. Insurance is more stable because there is visibility of first year premiums, renewal premiums and the income of the existing book. AMCs and brokerage houses tend to be a little more cyclical.”

“We are looking at something like 41 million tonnes of sucrose and our domestic consumption is anything between 27 and 27.5 million tonnes. Diversion to ethanol directly as part of juice could be another 5 million tonnes. We would still need to export and that could be anything between 8 to 8.5 million tonnes.

The Nifty50 formed a Hammer-like candle on the daily charts, a bullish sign provided we see a follow-through in Tuesday’s session as well. A Hammer is formed after a price decline. It has a small real body and a long lower shadow. The Nifty50 opened higher, but bears pushed the index towards an intraday low of 17,429 before reversing the trend.

“No portfolios can be bulletproof. That has been my experience for the last 25-30 years. There is no concept of safe stocks. Three months ago, IT was safe, and now it is the worst performing sector,” Singhania said.

The regulator said that the tool should be able to gather unstructured publicly available data from the web, including public websites, social media platforms, open source databases among others, in respect of relevant entities, individuals, groups and topics.

Gold prices extended loses as firm dollar and speculation ahead of US FOMC meet has pinned down investment sentiments on expectations of larger rate hike," Tapan Patel, Senior Analyst (Commodities) at HDFC Securities, said.

The rupee closed at 79.77, barely changed from 79.74 in the previous session. Earlier, it hit 79.60, which traders said may have been due to wariness in running long dollar positions amid range-bound markets and high cost of carry.

The 30-share Sensex rose 300.44 points to end at 59,141.23. Its broader peer, Nifty50, ended at 17,622.25, up 91.40 points.

The real estate firm has a portfolio comprising over 100 million square feet and 628 acres of prime property, mostly in Mumbai. Also, the company has tied up with Adani Goodhomes on various projects.Promoters, including Vinod Goenka family, Balwa family and a few others, have close to 69 per cent stake in the Mumbai-based DB Realty.

"BAF continues to deliver stronger than peer-group growth as well as profitability. Moreover, even if there is some moderation in NIMs due to a rise in funding costs, it could get compensated by the potential for operating efficiencies. These would support its premium valuations," the brokerage said in a report.