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Sectorally, buying was seen in banks, capital goods, industrials, and IT stocks while selling was seen in metals, utilities, power, and realty.

"With regard to flows, it is difficult to say anything in the short term. Over the medium to long term, as the global volatility recedes, FII money will chase growth assets. India is the fastest-growing emerging market with improving corporate governance practices. Hence, FII flows should come back in large numbers over the next 12-18 months."

“In the last two-two and a half years, the market cycles have become shorter globally. Sectoral themes run just for six months. In 2000, when Covid spread, pharma was the sector to be in. Today nobody wants to touch the lot. Many of those fanciest names are off 30-40%. I think things are changing very fast, cycles are very short.”

The S&P BSE Sensex and Nifty50 recouped losses on Wednesday to settle with mild gains.

"We continue to see sectoral rotation in the markets, and we continue to stay away from chasing momentum in some of these spaces. Valuation of the portfolio is in low teens. Top holdings in our portfolio includes Sun Pharmaceutical Industries, Polycab India, ICICI Bank, Larsen & Toubro, and State Bank of India. We rebalance only when there is a better alternative or a better risk-reward in another stock based on valuations."

“We suggest gradual utilisation of cash in equity portfolios (over 6 months or so) by deploying in broader markets through actively managed mid and smallcap-oriented strategies,” said Yogesh Kalwani - head, investments and family office at InCred Wealth in a report.

ABB India Ltd., incorporated in the year 1949, is a Large Cap company (having a market cap of Rs 64668.08 Crore) operating in Engineering sector.

"Large holdings are still in consumer discretionary as well as in specialty chemicals like SRF where the avenues for growth are immense, export is still very strong. SRF will benefit from China plus one strategy. Outside of that, this sector was not really fancied by FIIs about five years ago. Today, the company’s capabilities have increased across the industry levels."

Before the court’s order, while appearing for Pidilite, advocate Hiren Kamod and Nishad Nadkarni of law firm Khaitan & Co, argued that the dishonesty on the part of the defendant in adopting the mark as well as its representation, including the underline from the end of the first alphabet to the last and the colour scheme, is evident.

This was conveyed at a meeting between senior officials of the MNC banks and RBI deputy governor T. Rabi Sankar on November 11, multiple sources told ET.