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“What is still looking good are top private sector banks and autos. These are looking good across segments. Demand is returning to rural areas, in two-wheelers and that is good. Ancillaries are doing well as are defence related stocks and industrials. The capital goods equipment suppliers will do well. Metals are in not so good a position but if China stimulus comes in, metals could rally very sharply. ”

On the lower time frame chart, a ‘Higher Top Higher Bottom’ structure is seen which is a positive sign for the bulls, but some consolidation could be seen at higher levels.

The Nifty Bank index was trading 0.49 per cent up at 34851.9.

A total of 347,345 shares changed hands on the counter till 10:00AM (IST).

Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 63205.22 Crore) operating in Defence sector.

The global environment is still not conducive but our markets are not willing to give up as they continue to attract some buyers at lower levels. Technically speaking, 15,850-15,950 has now become a sacrosanct zone for this week and if global markets support, we may see markets inching northwards.

​​Nomura expects INR to fall to `82 in the third quarter of this calendar year. In general, net exporters will gain as they will receive more rupees for their dollars while net importers will need to pay more to buy dollars for imports. Those with large foreign loans will also see rupee interest costs rise. ET looks at the sectors impacted the most.

“Repeated supply shocks trigger second round effects through cost-push, expectations, exchange rate and demand channels, warranting pre-emptive monetary policy action,” said the RBI research paper prepared by deputy governor Michael Debabrata Patra along with RBI officials Joice John and Deepak Kumar.

According to their latest annual reports, HUL and ITC saw 33% and 44% increase in the number of eight-figure salary earners in FY22, respectively, while United Spirits reported a massive 113% surge. At ITC, 220 employees earned more than a crore last year. The number was 163 for HUL and 49 for USL

The discussions for a minority stake are expected to gather momentum in the coming weeks as ADIA, one of the leading sovereign funds (SWFs) in the world, looks to double down on India’s financial services space, people cited above said.