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The partially convertible rupee opened at 76.0290/$1 as against 76.2650/$1 at previous close. The Indian currency strengthened past the psychologically significant 76/$1 mark, moving in a band of 75.9880-76.0540/$1 so far in the day.

The money manager bought 20-80 lakh shares of Union Bank Of India, The Federal Bank, Indian Bank, Equitas Small Finance Bank and Bank of Baroda during the month.

While ICICI Lombard and The New India Assurance Co are direct plays on general insurers and GIC Re an indirect play on the sector, Star Health, Motilal said, is the first standalone health insurer to list in India.

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 421671.01 Crore) operating in NBFC sector.

There are a number of platform companies which we are quite positive on. These are quite profitable as well. The likes of IndiaMart, Route Mobile, Affle India, Fino Payment Bank and perhaps Tanla Solutions are the businesses which have got quite unique business models, a good deal of scalability, high operating leverages and clear cut market leadership. These could be the new ideas over the next two, three years or so.

“We are ESG in the way we operate in terms of connecting the artisans, the farmers,” Gopal Mishra said in an interview with Bloomberg News. “This is not that we have done something specially for ESG or ticked those green boxes.”

As of 31-Dec-2021, promoters held 50.05 per cent stake in the company, while FIIs held 13.76 per cent and domestic institutional investors had 8.85 per cent.

"Some of the stocks that probably will stand to gain a lot from a largecap perspective will include companies like Reliance Industries which have been taking significant steps on the new energy side. We have seen the string of acquisitions that they have done over the last six to eight months. Clearly that is one company which is to be watched out for in the new energy side."

India splurged a record $55.7 billion on gold imports in 2021, buying 1,050 tonnes - the most in a decade, and far more than the 430 tonnes imported in 2020.

The Nikkei 225 index rose 3.46 percent or 890.88 points to close at 26,652.89, while the broader Topix index added 2.47 percent or 45.76 points to 1,899.01.