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VK Vijayakumar of Geojit Financial Services said Nifty50 is likely to consolidate around the present levels before making its next move, which will be influenced by the outcome of the ECB and Fed meetings due on July 21 and July 27, respectively.

"I feel ELSS is the best option, especially for the young generation. Since the lock-in period is a minimum that is just three years which is nothing in comparison to PPF, PF, LIC, etc. Whenever you need that money after three years, you can redeem it and use it as per your wish. Moreover, if you stay invested for a long period, you get around 12% to 15% of return which is much higher than other tax-saving options."

“As of now, there is no clear demarcation or a clear choice between large private sector banks or large PSU banks or mid sized banks. All of it looks fairly attractive at this point of time. But we have been sanguine on the midcap and smallcaps now. Also, for the last few quarters, we have been increasing allocation to some of those names.”

Sectorally, buying was seen in telecom, realty, FMCG, metal and autos while some selling was visible in IT, consumer durables, and banking stocks.

"I see a lot of excitement around SBI. I have been recommending buying into SBI and ICICI. SBI in particular because we believe that there is a lot of value there. Also, in FMCG, for about the last one-and-a-half, two months, we have been recommending HUL. These are the two stocks which we had been recommending."

"It is not only a lot of small deals that we have won, we have also won 18 large deals and it is across markets, across industries. It is really comforting for us. The quality of the pipeline in term of the type of deals we have, size and being broad-based across sectors makes us confident that we will have a strong performance in Q2."

The stock quoted a 52-week high price of Rs 1696.15 and a 52-week low of Rs 1002.5.

As of 31-Mar-2022, promoters held 63.99 per cent stake in the company, while FIIs held 15.83 per cent and domestic institutional investors had 1.79 per cent.

Although gold is seen as a hedge against inflation, rising interest rates increase the opportunity cost of holding bullion, which pays no interest. Market participants are also keeping a close watch on the resumption of gas flow along the biggest pipeline from Russia to Germany.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 614335.88 Crore) operating in FMCG sector.