After a corrective phase, the large and mid caps are once again in party mode. Large caps which had been lagging in a relative manner have been able to make a comeback, thanks to the fact the flows to the large cap mutual funds have seen a spike in the last two months. While the short term movement in the markets might impact the decision making process. But investing in not about a quarter or week, it is much more than them. If one looks at the long term, large caps are able to outperform and create wealth in a more sustainable manner. We take a look at some large caps where there have been some headwinds, either in terms of business of market valuations. But the underlying business is strong and good to own business for the long term.
An above-average monsoon will benefit cement players, who derive a significant portion of their revenues from rural housing, says the founder and fund manager of Green Portfolio.
The S&P BSE Sensex fell nearly 200 points on Tuesday while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw some selling pressure.
On the weekly options front, the maximum Call OI is placed at 23000 and then towards 22850 strikes while the maximum Put OI is placed at 22500 and then towards 22400 strikes.
ICICI Bank was the star performer in the Nifty 50 and formed robust bullish candlestick pattern on the daily charts with healthy volumes. The stock traded above all key moving averages now.