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Cyient Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 8820.04 Crore) operating in IT Software sector.

"IT is a strong buy at these levels from the 3 years point of view. That’s my unequivocal understanding and this view is after considering all negatives on global macro, geopolitical situation, and the US Fed hikes etc. The Nifty earnings for FY23 are likely to see a 10-12 per cent growth over FY22. IT, Autos, BFSI, and Industrials are likely to fare well in terms of earnings growth. Commodities, Energy are likely to be laggards."

“At times people take investing too seriously, life too seriously and the best way to add colour to it and make it more fun filled is to basically ensure your portfolio is positioned into businesses which make life very interesting and entertaining. Apart from technology, Indians are going to consume much more of all these things going forward and therefore these businesses seem to be really well placed and well poised for India’s long term growth potential.”

The ECB raised interest rates by a bigger-than-expected 50 basis points to zero percent overnight, its first hike in 11 years and ending a policy of negative interest rates that had been in place since 2014.

“L&T was like ITC. Despite good news, good orders, decent execution, debt under control, interest cost moderating, it was still not performing. It has started performing now. Even at these prices it is cheap. The peak was around Rs 2,200 some months back. At around Rs 1800, it is 20% off the peak and so I would not be surprised if it eventually reaches its earlier peak in the next one year.”

Experts say some India long-only FIIs have been cherry-picking stocks to take advantage of the recent correction in high-quality names. No wonder Sensex has jumped over 1,900 points this week. Domestic institutional investors, who have been supporting the market from a bigger downfall, are now taking a break by booking profits.

All top crypto tokens were trading higher during the early hours on Friday. Polygon zoomed 12 per cent, while Avalanche and Solana gained 8 per cent each. Ethereum and BNB added 5 per cent each.

Sorbh Gupta- Fund Manager for Equity at Quantum AMC said he is positive on the IT sector. Gupta said the recent correction in the sector due to recessionary fears are overdone. The order books and deal pipeline of IT companies are healthy, he said, adding that the cost pressure on the talent side is easing, supported by softness in the startup ecosystem.

Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 65398.15 Crore) operating in Defence sector

The S&P BSE Sensex rose more than 200 points while the Nifty50 inched closer to 16,700 levels in the first 15-minutes of trade. Sectorally, buying was seen in banks, finance, auto, consumer durables, and realty stocks.