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“We have been asking clients to buy ICICI Bank. The second is HDFC Bank. The stock has been an underperformer vis-à-vis the entire banking sector and can lead the rally from here. Third is the State Bank of India. The numbers were a little below Street estimates, but for the next few quarters, numbers would be strong for PSU banks. SBI should lead the rally.”

The Nifty Pharma index was trading 0.54 per cent up at 12933.5.

Passive funds are also advantageous as they are devoid of any stock selection risk; they replicate the index that is being tracked. Innovation is also being put at work in passive investing and there are smart beta funds or factor investing funds that add a dimension of active within passive investing by creating funds based on momentum, value, or volatility, resulting in higher investor interest.

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 34804.75 Crore) operating in Pharmaceuticals sector.

On the weekly time frame, there is a breakout of bullish flag formation which indicates much more potential upside in the coming days. Momentum indicators are also supporting the current bullish momentum.

Jhunjhunwala was among the most influential market voices in Asia’s third-biggest economy, with an intense following among the nation’s growing horde of retail investors. The man also known as “Big Bull” was a fierce backer of the India growth story. His investing success earned him a cult-like following, with news of his trades occasionally sparking stocks to move by their daily limits.

"It is best to stick with largecap companies which would bounce back faster and are able to withstand the pressure of a harsh environment. In the case of small & midcap stocks, we would advise caution and also recommend investment only in niche companies/sectors with high entry barriers, strong governance, and robust cash flow taking into account the total addressable market for the company."

"I have the best pair of noise cancelling headphones in the world. When picking a stock, I put them on, and cut off all the hype. It is between me and the numbers. Before investing, I have a rigid list of fundamental parameters which a company must fulfil for me to even shortlist it. Some of the most important factors are the general trajectory of the industry, innovation through R&D and character of the management."

"Trading looks lucrative, but it is not easy to make money in trading because you have to deal with your emotions along with market volatility to make money and data tells that less than 10% of active traders make money. Trading requires a different mindset and skills; therefore, you should start it part-time to understand whether it is working for you or not and then gradually you can move to full-time trading."

Trent Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 49155.03 Crore) operating in Retail sector.