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Hindustan Unilever and Nestlé India command a dominant market share in their respective domain displayed their pricing power and finally hiked prices of some products by up to 8 per cent.

The F&O data continues to show some more room on the upside. However, if we use weekly options data to see how much there is actually room for the Index to move higher, it appears that the upsides may be limited to 17,000 levels.

The IPO comprises a fresh issue of equity shares aggregating up to Rs 280 crore and an offer sale of up to 24,000,900 equity shares (up to 2.4 crore equity shares) by the selling shareholders.

In volume terms, 7.53 lakh shares were traded on BSE and over 1.51 crore on NSE.

“The investment cycle eventually will pick up and in 2003-07, SBI outperformed HDFC Bank. There is a change happening in SBI. I would buy both but maybe tactically would probably buy SBI more, as it is still at about 1-1.5 book value. It is the only PSU bank which has held on to the market share and I keep coming back to that. ”

ITC is trading with 9 percent gains in the last one month whereas Equitas Small Finance has gained 11 per cent in just one week. Similarly, Ashok Leyland has gained 8 per cent in the same period.

Thanks to the market-wide selling, most managed portfolios - be it mutual funds, PMSes or your self-managed portfolio, sustained losses. However, there were some funds that showed resilience and fell much less than others.

Major metaverse tokens such as Decentraland (MANA), The Sandbox (SAND), Enjin Coin (ENJ) and Stacks (STX) have tumbled between 55 and 75 per cent from their recent peaks of one year.

“In terms of the impact of the war and the war-like conditions on India’s overall GDP would be a bit more muted than what it would have been in the earlier years because the government’s policies have been very effective. There are good things happening for us to feel relatively comfortable though this should not give way to complacency induced inflation.”

The index seems to have sent signs of upside breakout after closing above the range of 16,700-800, and the same will be confirmed on a move above 17,000 level, said analysts.