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“From the market earnings side, we believe this quarter would bear some brunt of the margin impact because of higher input costs but going forward, given that input cost pressures have abated, margins should bottom out and start improving in the second half of the year. Of course, the high frequency data in terms of various indicators seems to support this.”

Investors at first seemed more confident that the Fed would reverse course, but anxiety returned as they worried about how much damage would be inflicted before that happened. Where the markets go from here, and how to position an investment portfolio, depend on whether and how deftly the Fed changes its strategy.

Global markets will continue to be tracked, given that US Fed rate hike fears persist and have kept foreign institutional investors on a sell mode. In the week ended October 14, FIIs net sold Indian equities worth $854 million, compared with just $84 million worth of shares sold in the preceding week.

ACC, Can Fin Homes, Heidelberg Cement, Indowind Energy, Jindal Drilling & Industries, Bank of Maharashtra, Maharashtra Seamless, Oriental Hotels, Pioneer Distilleries, PVR, RPG Life Sciences, Tanfac Industries, Tata Coffee, Tata Metaliks, Thangamayil Jewellery, Elixir Capital, Spandana Sphoorty, Craftsman Automation and Choice International, among others.

"The way the Adani Group company prices have moved up, I think the least upward movement we have seen and in terms of valuation also Adani Port probably is best positioned for an investor to start buying into. It is a long-term story. They have a fantastic business going, they have acquired ports strategically on the eastern coast as well and that puts them in an enviable position for the future as far as Indian imports and exports are concerned.That is a company I am definitely willing to bet on."

“As we are into results season, we will see stock-specific performance due to the actual results. In the midcap space, we like GHCL, Tata Chemicals, Vishnu Chemicals & rice exporting companies like KRBL & LT foods. One can also look at Shree Renuka Sugar LTD, Pennar Industries Ltd, Jindal Drilling and Industrial Ltd, RK forge and La Opala RG Ltd.”

"IT companies have generously rewarded the shareholders in the last five years. In terms of PAT, 80% of what they have generated, have been paid back in terms of dividends and buybacks. If you are considering the next one year, I think IT stocks will definitely reward investors handsomely."

Net interest margin, a key profitability parameter, remained at 4.1%. Net interest income – the difference between interest earned and interest expended – rose 19% to Rs 21,021 crore.

It would also be critically important to watch the behaviour of the US markets; the S&P500 index has not only taken support on the 200-Week MA, it has also shown a strong bullish divergence of the RSI against the price

The company is in the process of amalgamating Mindtree with itself, which was approved by its shareholders and unsecured creditors on August 10. LTI in its filing shared that the National Company Law Tribunal, Mumbai bench approved the merger on September 19, while NCLT Bengaluru has reserved its order on the same.