Success in ELSS investment is primarily a function of time rather than timing, Gagrani said, advising investors to opt for a systematic investment plan (SIPs) in ELSS to mitigate the impact of market timing on long-term returns.
Broader markets are seen outperforming with BSE Small cap index trading in green. BSE Oil & Gas index , BSE Power index , BSE Midcap index, BSE Telecom index and BSE CPSE index are seen trading with gains up to 1.26 percent.
ICICI Bank also declined about 3.25 per cent to slip below Rs 1,000 mark. AU Small Finance Bank dropped more than 3.3 per cent to Rs 605 levels during the session.
Banking stocks fell despite the Monetary Policy Committee (MPC) assuaging Street s concerns that it will be facilitating liquidity in the system through different liquidity management tools at its disposal.
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