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DAM Capital maintained a buy rating on Tata Power with a target price of Rs 261 post September quarter results.

“If you look at the top 10 Nifty gainers, most of them have some sort of a value angle to it. Even on the FMCG side, we have seen ITC being one of the best performers and has more value compared to the other stocks. So we still remain bullish on value stocks over growth right now but as we speak, we are tilting towards growth.”

“Tata Steel, given that it is an integrated player, tends to get hit more when steel prices fall and benefits more when steel prices rise because it is not impacted by raw material inflation or deflation as the other not so integrated players like JSW Steel. I would think that Tata Steel results could be bad and can remain bad for a few more quarters.”

Improved PCR, coupled with controlled restructuring and low Special Mention Accounts (SMA) book will drive a sustained reduction in credit cost to 0.8% for SBI which is our top pick,” Sneha Poddar, AVP, Fundamental Research, Motilal Oswal Financial Services, said.

The price-earnings ratio of the benchmark MSCI Emerging Markets Index, based on trailing 12-month profits, has fallen below its price-earnings ratio based on estimated earnings for the next 12 months, showing that analysts expect earnings to fall faster in the future than currently.

Dabur India Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 98492.33 Crore) operating in FMCG sector.

"Given the fact that their deposit franchise is much weaker than the larger banks and in a rising interest rates scenario it hits them much more. People should remain focussed on the larger size banks if at all and they have to invest in financials and not try to do value picking in stocks which have fallen too much as that could be a value trap."

A minor change was recorded in the trade of Spot gold at $1,642.59 per ounce by 0046 GMT, while U.S. gold futures were up 0.1% at $1,645.90.

Dogecoin, which gained 105% over the 7-day period following Twitter’s acquisition by Elon Musk, was seen trading with a cut. Both Dogecoin and Shiba Inu traded over 8% lower.

"The derivative data shows us that the huge presence of call writers at 17800 levels along with the gap-up opening can bring Nifty near to 18000 levels & short covering from trapped call writers can take the market much more on the upside. Similarly in Bank Nifty call writers are present at 41000 - 41500 levels which can push the Bank Nifty towards new highs in short covering."