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The Nifty Pharma index was trading 0.39 per cent down at 12964.6.

Emami Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 20279.67 Crore) operating in FMCG sector.

Waller said markets should now pay attention to the "endpoint" of rate increases, not the pace of each move, and the endpoint is likely "a ways off," Waller said in remarks to an economic conference organized by UBS in Australia. "It depends on inflation.

Shares of Arfin India will trade ex-split in the ratio of 1:10. The company’s shares will be sub-divided from a face value of Rs 10 to Re 1. Also, shares of Compuage Solutions will go ex-rights for the rights issue of eight shares for every 25 shares held offered at the rate of Rs 20 per share.

"There are definitely some pockets in the markets which may struggle with the turbulent times ahead and valuations of these companies have little room for negative news. We suggest a well-diversified portfolio with balanced allocations towards index funds, good small and midcap stocks and gold. Indian indices would rightfully enjoy higher valuations and increasing weights in global benchmark indices going ahead as well."

“The current tech layoffs are part of the cycle. We saw extreme optimism and hubris in the tech sector in the last few years. People were raising tremendous amounts of money before they were profitable. There were companies being formed with a large funding even before they knew what the product was. So I think it is a course correction.”

The S&P BSE Sensex rose nearly 1200 points on Friday while the Nifty50 closed above 18300 levels.

“There are certain pockets which look attractive. Infra has done really well over the last one year so one needs to be very careful over there. Media, auto look very attractive to me. Pharma is something where value has started emerging. Infrastructure again looks good. There are pockets where valuations are very attractive, sectors that have not done well for a very long period of time.”

“It is possible to do SIP on a weekly basis, monthly basis and there are some asset management companies which are looking at daily SIPs also. Otherwise, instead of SIP you can take a STP option – the systematic transfer plan – which is nothing but a larger version of SIP wherein you can put money on a daily basis also.”

The list of top 10 most sought after stocks by mutual fund managers in October also included HDFC, Dabur India, Tata Chemicals, ICICI Lombard, Zee Entertainment, Bajaj Finance and UltraTech Cement, shows data from Nuvama Institutional Equities.