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Among Sensex stocks, L&T, Maruti, NTPC, Bajaj Finserv, IndusInd Bank and Axis Bank were the top gainers, rising around 0.5%. Dr Redyy’s, UltraTech Cement, SBI, ICICI Bank, HDFC Bank and M&M also opened higher.

"There are always pockets of opportunities where we believe there is a gap between price and value. Ours is a very bottom-up approach. We keep looking where there is no momentum, as that’s where we get the investible valuations we aspire for. To do this, one needs to understand the business, the sector, its headwinds and tailwinds. "

A day prior to its debut at the bourses, the company was exchanging hands at a premium of Rs 200 per share in the unofficial market, which translated into a listing pop of 35% over the issue price.

Kajaria Ceramics Ltd., incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 16645.37 Crore) operating in Building Materials sector

It is the only fossil fuel-based power plant the Southern African country plans to procure in the next 20 years.

According to analysts, IT services exporters have showed gross profit margin expansion despite slower top line growth in the previous quarter, which is expected to continue. The weakness of the rupee against the dollar and slower attrition rates due to layoffs in global IT majors & Indian startups are the other tailwinds for the sector atthe fundamental level.

The stock potentially has a strong primary trend. The price action witnessed profit-taking from September 2022 on a relative dearth of volumes. In the due course, it formed the ABCD harmonic pattern which ushered for a reversal.

Vedanta has fixed November 30 as the record date to determine shareholders’ eligibility for the dividend. So far in FY23, the company has declared a total dividend of Rs 51 per share, in two interim dividends of Rs 19.5 and Rs 31.5 per share. Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.

Ratings firm Crisil lowered its forecast for India’s real gross domestic product (GDP) growth to 7.0% for the current fiscal (2022-23) from 7.3% estimated previously. "This is primarily because the slowdown in global growth has started to impact India’s exports and industrial activity" , said the ratings firm.

"Hiding behind lack of data is not an excuse. There is no reason why the Indian financial system cannot collaborate together on climate risk and measuring financed emissions," Parekh said Monday. Addressing the 21st World Congress of Accountants held in Mumbai, the veteran finance professional said that it would be easier and more economical to collaborate together on sustainability initiatives