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The Nifty Bank index was trading 0.38 per cent up at 41029.45.

Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 213576.80 Crore) operating in Pharmaceuticals sector.

Promoters held 38.17 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 16.72 per cent and 4.58 per cent, respectively.

Even though gold is seen as a hedge against inflation, higher interest rates increase the opportunity cost of holding the bullion while boosting the dollar, in which the precious metal is priced.

The stock quoted a 52-week high price of Rs 89333.0 and a 52-week low of Rs 62944.5.

A close above 5-year highs is a bullish indicator as it indicates the stock is moving upward.

“NFOs are a normal feature in the sense that depending upon the way the markets are moving and also depending upon the timing in the sense that when a festival is coming up, those sort of things come up. The fund houses launch NFOs. Since the festival season has started, we will see more and more NFOs coming in.”

Ahead of the festive season, brokerage firms have picked up select midcap and smallcap stocks across the sectors which have the potential to deliver strong returns in near term.

“Volume growth is coming back in the markets that JK Lakshmi operates in as well as Dalmia Bharat because it has a strong presence in the south. Southern construction activity had been weak due to unusual rains. Even Heidelberg looks good. So Dalmia Bharat and JK Lakshmi are amongst the top picks among the smaller names.”

The Ramco Cements Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 18784.06 Crore) operating in Cement sector.