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Gold futures on MCX were trading higher, gaining about 0.15 per cent or Rs 74 at Rs 50,531 per 10 grams. However, silver futures traded were marginally lower by 0.10 per cent or Rs 59 at Rs 56,407 per kg.

The Nifty Auto index was trading 0.1 per cent up at 12120.05.

The global cryptocurrency market cap was trading lower at the $871.69 billion mark, dropping close to two per cent in the last 24 hours. However, the total cryptocurrency trading volume gained about 4 per cent to $55.5 billion.

Mindtree, Tata Metaliks, Rajnandini Metal, Global Education, Premier Polyfilm, International Travel House, Gujarat Hotels and Ramasigns Industries are among companies that will announce their quarterly earnings today.

"Real estate has significant potential to surprise positively, considering solid residential sales and improving occupancy in commercial assets. This sector has seen considerable consolidation post RERA, GST and finally, COVID impact. Residential sales continue to remain strong. . A combination of ) improving sales for the real estate sector at large, market share gains for organized developers, and rising real estate prices augurs well for listed real estate developers."

“If I have to pick between midcap and largecap IT, I will go with the largecap. I see no problem in Infosys, TCS or Wipro at this stage. In FMCG, I have been positive on Hindustan Unilever and I will continue to maintain my view. I also like Dabur and Marico. All these stocks can be picked up even at current levels, by somebody with a six-months plus horizon in mind.”

ACC Ltd., incorporated in the year 1936, is a Large Cap company (having a market cap of Rs 40698.19 Crore) operating in Cement sector.

“The capital goods sector has been outperforming most of the other sectors and also the markets. While YTD from January to this year markets are down about 15% odd, many of the capital goods companies are making new all-time highs or near 52-week highs. The next decade is about the revival of the investment cycle in India and in that context, capital goods as a sector looks very favourable.”

Hence, we recommend investors wait at the current level and enter on dips around 900 and more at further dips of Rs 850 with a stop loss of Rs 790 on a closing basis. On the upside, we can see Rs 1,150-1,250 odd levels in the next 6 to 8 months.

India annually exports around 45 million kg of teas to Russia. But due to the ongoing war between Russia and Ukraine and the sanctions from the US and Europe, tea exports have fallen by 10% to the country in January-April against the same period last year.