"The broader market indices are expected to catch up with benchmarks as Nifty Midcap and Nifty Smallcap indices have given a breakout from an eight-month falling channel along with a strong thrust on breadth as measured by the percentage of stocks above 200 DMA increasing sequentially from the June reading of 14% to 50% currently, suggesting broad-based participation that augurs well for the longevity of uptrend."

Most people buy thinking that it will go up and I will make money quickly, but how quickly is something people do not factor. In options, you lose money very fast because you are always constantly fighting the time value and markets

With a rally of 4.4 per cent, Nifty PSU Bank index was among the top gainers in the week with Central Bank of India, Indian Bank, PNB and Bank of Baroda leading the upside. Jatin Gohil, Technical & Derivative Research Analyst at Reliance Securities, says Bank of Baroda has surpassed its hurdle convincingly, while Canara Bank and Indian Bank are poised for fresh up-moves.

“The so-called priced-on vision or priced-on transformation kind of stories have to be avoided by the retail investors. Maybe the smarter money will get in and extract their pound of flesh but this is more like the meme stock mania that we are seeing on the US markets with bankrupt companies getting bid up, says Ajay Bagga.”

"I think still maybe next quarter there could be some level of downgrade coming in the market, but that should be small. It cannot be as high as it was in Q1 but because broadly the negative news flow was mainly around inflation, geopolitics and interest rates. The data is telling us that the negative news flow is broadly there, I do not think there is anything new unless and until we see some new Black Swan event coming off from somewhere."

"Till now FIIs had been positive in cash markets, but this may change with any negative news flow from global markets. In my view, both the bank & IT sectors may face the heat this week, but FMCG & pharma may be a support. In the overall series, we are cautious about overall markets keeping broader geo-political risk in mind."

“My personal preference has always been to onshore, to produce in the countries that are imporing because that reduces the friction that the business creates. By and large, Motherson has a clear mindset. If you want to export more than 5%-10% of your turnover, move to that country and find ways and means by which you can produce there.”

“For the next two years, the banking sector will see multiple tailwinds. Credit growth is back, fee growth to some extent especially on the unsecured credit cards and those transaction side is back and credit costs are at a multi-year low. We are going to see very low credit costs at least this year and probably some of it spilling on into FY24 as well. ”