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The latest red-hot inflation numbers have put global investors on edge about the potential actions by the US Fed in its meeting next week. The FOMC is likely to push interest rates by 75 basis points, while a 100-bps hike can not be ruled out.

“A lot of consumer spending is going to happen over the next three-four months which is Dussehra, Diwali, Christmas and the entire festive marriage season. I would probably go and bet on Trent. I think this is one stock where there is a lot of opportunity for appreciation. The second company which I will bet on is the tried and tested Titan.”

The Rs 807.85-crore initial public offering (IPO) of Tamilnad Mercantile Bank, which was sold in the range of Rs 500-525 apiece, received a dull response from investors as it was subscribed 2.86 times.

Investors who are looking to top up their existing funds or build their portfolio can consider investing in consumption, IT, auto, banking, and financial stocks which could form a major chunk of their portfolio.

The Relative Strength Index of the stock stood at 78.89 on Thursday.

In the domestic equity market, the 30-share BSE Sensex was trading 275.51 points or 0.46 per cent up at 60,622.48. Similarly, the broader NSE Nifty rose 36.15 points or 0.2 per cent to 18,039.90.

Amid rising volatility, analysts believe that technicals suggest some solid action in select counters in the near term.

A total of 7,823 shares changed hands on the counter till 10:46AM (IST)

Axis Bank Ltd. key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2022.

City Union Bank Ltd., incorporated in the year 1904, is a banking company (having a market cap of Rs 13700.81 Crore).