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The benchmark 10-year government bond yield was at 7.1473% as of 0450 GMT. The yield rose to 7.1931% earlier in the day after ending at 7.1811% on Monday. It had risen five bps in last two sessions.

“In the next five, seven, ten years, the big will continue to get bigger but there is a second trend which is starting which is the survivors; the smaller companies, the manufacturing companies are likely to now grow and spread. The breadth of the market has improved and that is telling us why small and midcaps are outperforming the large caps. The time has come to bet on the leaders of tomorrow.”

Among them is Sona BLW Precision, a components manufacturer, where domestic fund managers bought an additional 3.62 crore shares to take the MF holding to 11.96 crore shares in August from 8.33 crore shares in July, valuing Rs 1,892 crore. This stock is down 27 per cent year-to-date.

As of 30-Jun-2022, promoters held 45.0 per cent stake in the company, while FIIs held 20.34 per cent and domestic institutional investors had 7.77 per cent.

Speaking at a Federation of Indian Chambers of Commerce and Industry (FICCI) event, she said that transparency is the leading foundation to ensure trust among the investors to ensure growth and development of a business.

In an exchange filing, the company said, "The board has considered and approved entering into e-commerce space for increasing revenue and developing its brand from stationary and ancillary products."

This hope, along with easing commodity prices and healthy June quarter results, has led to the return of FPIs to Indian bourses, easing investor concerns.

“The reason why we are negative is firstly because we are trading at close to 20% above our valuation peak and almost at a 60% premium over Asian peers. Investors need to be cautious on the market. There are global risks. Our economists believe that global growth is likely to slow down, inflation is likely to remain elevated and they advise that credit assets should be avoided.”

“One feels relatively safe to add housing finance stocks where the visibility for the next three to five years is intact. So within the real estate theme, I would like to buy allied sectors in housing finance, some of the building material companies which are looking relatively interesting and cement stocks also cannot be neglected. ”

The brokerage has initiated coverage on recently-listed Campus Activewear with a buy rating and a target price of Rs 570. The stock has been buzzing of late as it has rallied over 16 per cent in the past week and 27 per cent in the last month.