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“We will have some great numbers for September. Whether it will be in line with Q1 is a bit early to say but looking at the trend of July and August, it may not be so. We are in the last two or three slog overs and we have three weeks to go for this quarter to finish and let us see how Brahmastra performs. Also Avatar is being released again and we have got Vikram Vedha.”

Kotak Institutional Equities, which sees arm listings in the next 2-3 years, said this is among issues that the group will have to grapple with over the next 1-2 years as it prepares to list its retailing and telecommunications subsidiaries and induct members of the third generation of the founding family into more prominent roles in the group.

Adani Group is likely to infuse more funds into DB Realty, which would result in a fresh equity issuance to new investors. Earlier, DB Realty was in talks with Godrej Properties, which could not produce fruitful results.The real estate firm has a portfolio comprising over 100 million square feet and 628 acres of prime property, mostly in Mumbai. Also, the company tied up with Adani GoodHomes in various projects

The 30-share Sensex advanced 322 points to end at 60,115.13. This is the first time the index closed above 60,000 since August 18. Its broader peer, Nifty50, ended at 17,936.35, up 103 points.

The research firm, considering the recent traction in the stock price of Nesco to close to its highest in a year, has revised the target price higher to Rs 850 per share which is 20.2x its FY2024E EPS of Rs 42. This at the last traded price of Rs 645.5 will result in potential upside of close to 32 per cent.

"On every dip in the USD/INR pair, importers are hedging their positions because everyone is afraid whether the Reserve Bank of India can hold this position (below 80 per dollar) for long," said Ashish Ranade, forex and treasury chief manager at Cosmos Bank.

Market experts believe that Tamilnad Mercantile Bank is likely to be listed around its issue price due to muted response and mixed analyst views for the lender.The private lender, which raised Rs 831.60 crore from the primary markets between September 5 and 7, is likely to debut on the bourses on Thursday, September 15.

“I do not know how much more one can expect but yes, if the sectoral move is what you are looking at, clearly UltraTech is one of the bigger beneficiaries. If you are looking at companies which will become big, there is a likelihood of volume growth, commensurate with an increase in prices. My own favourite would be something like Dalmia Bharat.”

Vedanta-Foxconn JV is “at a very advanced stage with Gujarat for their investments” and the deal may be signed and announced this week.

The brokerage believes that the domestic OEM volume growth shall accelerate in the ongoing fiscal year for segments such as 2W, PV and tractors, while for MHCV, it would remain the highest at 30%. However, exports and replacement segment growth is expected to moderate in FY23 compared to FY22.