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"We had a fantastic run in the past 5-10 years, and the markets got a little ahead of the fundamentals. This happens frequently in the cycle of fear and greed. Investment is a marathon, not a sprint. Steady systematic investments, instead of market timing, are the way to go. Investors who do well, in the long run, can ignore the noise in the markets and keep investing in a disciplined manner."

“Capital goods is a really big sector and there are two kinds of themes. One is capex but slightly different than the normal roads and bridges capex and two is the electronics industry. The ABBs and Siemens will be looking at building and helping to build superconductors They will also do well in terms of defence play as well.”

“We are getting a re-pricing of short-term liabilities across the spectrum. This will eventually come into deposits and when that happens, a lot of banks will show smaller NIMs going forward. We have to be careful about that. A lot of the small banks have shown some signs of recovery. I am just waiting to see how repricing works for South Indian Bank, J&K Bank, Federal Bank.”

ICICI Bank has consolidated its position as an investor favourite with a 37% year-on-year jump in net profit, led by a broad-based loan growth in the quarter ended September. Analysts say the bank is well placed to take full advantage of rising interest rates.

IIFL Securities, LKP Securities, HDFC Securities and ICICI Securities have seen steep declines in their profits from a year earlier. Kotak Securities, Axis Securities and Motilal Oswal have witnessed a smaller decline. Only two firms - Angel One and 5Paisa Capital - which are into discount broking, have reported higher profits.

“Biggest concern affecting markets in the new Samvat will continue to be around inflation as global central banks remain committed to curbing it aggressively,” said Vivek Goel, co-founder and joint managing director at Tailwind Financial Services.

“Our top three picks continue to be the same as last year because one holds on to stocks for multi-year cycles unless one genuinely believes that either the external environment is completely changed or the hypothesis has turned on its head which has not happened, frankly.”

The deal was executed at an average traded price of Rs 232.30 per share, at a marginal discount compared to the previous day’s closing price of Rs 233.85

There were other bulk deals in the counter by Bonanza Commodity Brokers, and in another transaction as many as 2,100,000 equity shares of Punjab Alkalies were sold by Paramone Concepts at an average traded price of Rs 79.18/share.

"The COMEX Gold prices traded lower following risk-off sentiments. Domestic gold prices, taking cues from weak global prices, traded lower," Dilip Parmar, Research Analyst at HDFC Securities, said.