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“We would like to exit some of the smaller pharma stocks which had done well because of the pharma rally. Also, there are some of the IT stocks which are still trading at very high multiples. We have trimmed positions there also. These are the kind of stocks one can exit and use that money for other sectors.”

The Nifty Bank index was trading 0.34 per cent down at 41262.7.

The stock quoted a 52-week high price of Rs 3634.0 and a 52-week low of Rs 1344.6.

The switch is expected to reduce Ethereum’s energy consumption by almost 99.95%.

Besides, Bharat Electronics and Rajnandini Metal shall trade ex-bonus for 2:1 and 1:2 bonus share issuances, respectively. Also, the rights issue for Libas Consumer is lined up for today as part of which the company shall offer the right to buy 1 share for every 2 shares held at Rs 21 per share.

After being one of the best movers in the 2003-2007 bull market, the capital goods sector went sideways for more than a decade from 2008 onwards and finally gave a breakout from this large channel it created technically in early 2022 and has since then been very strong and one of the best sectors. Now the sector coming out from a 10-12 year sideways move. It will be one of the best sectors with strong upward momentum for the next few years.

“We are very bullish on the financial space and especially the lenders whether it is private banks or smaller banks or NBFCs. We do not have any kind of exposure to PSU banks and that has nothing to do with the valuation. It has everything to do with my interest not being aligned with the promoters which is the government of India in this case.”

Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.

Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2022.

“The Indian market is slightly outperforming the world markets and I do not think that it is sustainable.In the extreme short term, market going to go very close to the record highs registered in October 2021 or slightly exceed that. Then it is going to begin a larger correction.”