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“One bank in the midcap space that we have been tracking is IDFC First. They have transformed the lending book. It is now 70% retail; the legacy infra book now is only 4%. In the next two-three years, their legacy cost, high cost deposits are maturing and that will be replaced by lower deposits. We also like City Union. These are the two banks in the midcap space for us.”

The President of the country who holds stakes as the promoter in all PSUs has seen its holding reduce from 77.08% in June 2009 to 67.28% in September 2022 primarily owing to the divestment process.

Triveni Engineering stock is on the verge to make swing highs. A breakout is confirmed on the daily and weekly charts showing a strong bullish pace.

"The recent high of 18,442.15 in Nifty would act as a strong resistance zone. We can find the trendline support region around the 18,100 zone, so we believe that nifty would be range bound between these two regions for the time being. Similarly, for Nifty Bank the level to watch for the upside is 42600 and 42,225 for the downside."

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 76531.09 Crore) operating in Consumer Durables sector.

“There is a strong tailwind and a strong headwind which can sway the market now. The tailwind is the sharp decline in Brent crude to $86.75, which is a big macro positive for India. But this tailwind is unlikely to take the market higher since the headwind in the form of steadily declining momentum in the recent market uptrend, is very strong,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

BofA Securities maintained a buy rating on Glenmark Life with a target price of Rs 560. Sustainable growth drivers are in focus.

“There is a strong tailwind and a strong headwind which can sway the market now. The tailwind is the sharp decline in Brent crude to $86.75, which is a big macro positive for India. But this tailwind is unlikely to take the market higher since the headwind in the form of steadily declining momentum in the recent market uptrend, is very strong,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Easy Trip Planners shares will trade ex-bonus. Also, the stock will trade ex-split in the ratio of 1:2. The board of Triveni Glass will meet to consider and approve the date, time, and venue for holding the extraordinary general meeting of the company and other related matters.

The semiconductor sector is at the center of a growing rift between the US and China as the two nations vie for leadership in the global technology industry. Washington has imposed elevated sanctions on high-end chips produced for Chinese customers specifically to forestall them making their way into the hands of the Chinese military.