Another global brokerage firm Jefferies is majorly bearish on the metal sector. Indian metal stocks have underperformed Nifty50 by 12-34 per cent in June 2021 quarter. It added that it is still early to turn constructive on the sectors where P/B valuations remain above the historical troughs.

On the technical charts, the 200-day moving average of the stock stood at Rs 643.28.

"Overall, Federal Bank posted healthy growth in advances, aided by strong system-level growth. Deposits were largely flat on a sequential basis as there was stiff competition among the banks to garner the same. CASA trends remained stable with a marginal decline to 36.8 per cent," said Motilal Oswal Securities while suggesting a price target of Rs 130 on the stock.

Bajaj Finance Ltd., incorporated in the year 1987, is a Large Cap company (having a market cap of Rs 338253.31 Crore) operating in NBFC sector.

Analysts said operating margins for select pockets may come under pressure, as not all companies would be able to pass on the entire cost burden to consumers. Then, there is competition and also certain policies aimed at restricting inflation, which may hurt certain sectors in the short term, they said.

Avenue Supermarts, his flagship company and operator of D-Mart, has put the biggest dent in his fortunes during the last quarter as he held 65.2 per cent stake in the company as a promoter.

At the interbank foreign exchange, the rupee opened at 78.97 against the US dollar, then fell to quote 79.03, registering a decline of 9 paise over the last close.

“ITC is in a sweet spot and even the hotels and paper businesses are making very good money now. ITC is still at 3.5% dividend yield for a consumer stock where normally dividend yields tend to be one percent or below. I would think that there are no real sellers in ITC. If buying continues the stock can still trend up.”

Coforge Ltd., incorporated in the year 1992, is a Mid Cap company (having a market cap of Rs 21246.81 Crore) operating in IT Software sector.

A total of 28,271 shares changed hands on the counter till 11:16AM (IST).