Emkay Wealth recommends dynamic asset allocation for larger portfolios amidst India's peak markets, while smaller portfolios follow basic allocation aligned with the client's risk profile. The firm favors structural growth firms over cyclical ones and expects select mid and small caps to outperform with relatively easier valuations. Emkay Wealth predicts that, whilst all three asset classes - equity, fixed income, and gold - generate returns, selective exposure is better. Investors should closely monitor the central banks' moves and the impact of macroeconomic factors. Meanwhile, domestic investors continue to pour money into equities.

Private equity firm Carlyle Group has sold its entire 2.53% stake, equivalent to 1.84 crore shares, in supply chain management company Delhivery. Carlyle sold the stake for a sum of INR709 crore ($93.4m) in a block deal. Norges Bank acquired around 0.55% in Delhivery, while Goldman Sachs and Morgan Stanley each purchased 0.07%, and Société Générale picked up a 0.31% stake. Avendus, Citigroup, Barclays, Regal Investment Fund, and the Saudi Central Bank were among the other buyers. Carlyle had first invested in Delhivery in 2017 in a $100m funding round.

India's Securities and Exchange Board has banned seven companies, including Bharat Mohanlal Mehta, Impressive Trading and Lalita Bharat Mehta, from the securities market for three years for breaching insider trading regulations. The companies are also required to disgorge the equivalent amounts of the losses illegally avoided. The regulator alleged in the show cause notice that Sovin Trading and Sunrath Trading have violated the provisions of the prohibition of insider trading regulations. Insider trading is negative for ordinary investors because those personnel making illegal gains on unpublished sensitive information act at the cost of investors who are not privy to that information.

​Kotak Mahindra Bank, incorporated in the year 1985, is a banking company (having a market cap of Rs 385004.60 Crore).​

Hero MotoCorp, Tata Motors, UltraTech Cem., Kotak Bank and Adani Ports SEZ were among the top losers on NSE.

A total of 113,373 shares changed hands on the counter till 10:15AM (IST).

The 30-share BSE Sensex was up 331.73 points at 61444.17

CLSA has initiated an outperform rating on Kotak Mahindra Bank and a buy rating on UltraTech Cement, while Jefferies has maintained its buy rating on Indian Hotels post Q4 results. CLSA downgraded Kotak Mahindra Bank to outperform post-March quarter results and UltraTech Cement to underperform with a target price of Rs 2150 and Rs 7900, respectively. Jefferies sees an incremental demand driver for FY24 and Motilal Oswal maintained its buy rating post-March quarter results.

A total of 10,066 shares changed hands on the counter till 10:20AM (IST).