Profit estimates of global exporters like Singapore-listed Wilmar International Ltd. and Hong Kong’s WH Group Ltd. are on the rise while popular donut chain Krispy Kreme Inc. may take a hit from rising wheat prices.

“Wherever there is confidence that the business model is robust and wherever we get the comfort that these managements are sticking to what they have been talking about and what they have been doing, then we will add. So amongst these stocks we actually have buys both on Zomato which we recently upgraded and Nykaa.”

A formal ceremony for the MoU signing is being planned for May 30, wherein representatives of both companies will be present.

“We will get these sorts of rallies but largely speaking, at least over the next couple of months, we will probably be here. We do not see things really moving out of this range significantly. The good part is it seems to us that 15,800 seems to be holding well for the market at the present moment.”

“I would prefer largecap stocks this year. The Inflation commentary and margin pressures that we have seen in a lot of companies in Q4 is indicating that largecaps should be better off to play this year for the next couple of quarters till things settle...Temporarily, I think we have made the bottom at 15,800 or so.”

“The company doesn’t have a listed peer, but the valuation demanded is too rich despite the prospects being good and the current volatile market is not conducive for primary issues with such rich valuations,” said Aayush Agrawal, Senior Analyst, Swastika Investmart.

"Inter-market relationship is in a mess currently, which is taking a toll in the commodities space. The US dollar index has retreated off its peak, yet the structure is bullish, a pullback is seen in commodity currency (i.e. Australian Dollar Futures, yet the overall structure is bearish. If these situations persist, there appears to be no point in calling a bottom in metals space."

The US dollar index slumped to a 1-month low amid lower bond yields, disappointing US economic data, reduced safe-haven buying, and increased debate about Fed’s monetary policy stance.

The market has now discounted a lot of the negative news, a lot (of which) hit all at once," said Keith Buchanan, portfolio manager at GLOBALT in Atlanta. "Now we have absorbed that news and the actions the Fed is going to take, and we’re wrapping up earnings season.

Emkay Global sees standalone profit for M&M rising 17.5 per cent YoY to Rs 1,178.10 crore from Rs 1,002 crore in the year-ago quarter. It sees sales rising 29.5 per cent YoY to Rs 17,270.50 crore from Rs 13,338.20 crore. Ebitda margin is seen compressing 246 basis points YoY to 12.2 from 14.7 per cent in the year-ago quarter.