“This is a bull market in metals. Make no mistake. All corrections in Tata Steel and Vedanta are buying opportunities.”

“Retail investors have to make sure they do not buy too much and diversify a lot more than they are doing right now.”

Amid a weak debut for Paytm and poor sentiments in the broader market, shares of other recently-listed companies also came under pressure.

The Nifty Auto index closed 2.61 per cent down at 11747.45.

Saurabh Mukherjea’s Little Champs outpaced its benchmark to deliver nearly 3 per cent. Sunil Singhania’s Emerging Opportunities Fund and Bharat Shah’s Financial Opportunities and Indian Entrepreneurship funds notched returns in the range of 0.5-2 per cent.

Prashant Pitti, co-founder at EaseMyTrip said there is a synergy between EaseMyTrip and Spree Hospitality and the company leverages the asset-light model to build a lean and efficient infrastructure.

While painting an optimistic picture about India as an investment destination, the report did warn that if Indian investment portfolios did not offer among the best returns adjusted for risk, overseas Indians could choose other investment destinations.

For about two years now, the reverse repo rate has dictated cost of funds for money markets because of the huge surplus of liquidity that the RBI has maintained in the banking system.

The Nifty Bank index closed 0.17 per cent down at 37976.25.

“Retail investors have to make sure they do not buy too much and diversify a lot more than they are doing right now.”