When it comes to volatility, there are four things that one needs to take into account. First, the magnitude of volatility, frequency of volatile movement, sectors that are leading it, and overall market breadth during a volatile phase. If one takes all of these into account, the nifty has been able to inch upward but the fact that market breadth is still not clear is the hurdle rate. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps, this does not mean they will not face the heat, but over the medium to long term they would be the first ones to bounce back and if one looks at what has happened in last two trading session, it is the largecap which is leading the rally. So, in times of volatility which has come due to valuation readjustment, it would be better to stick with large caps and that too companies where there are some tailwinds of eithe
Bank of India shares surged 7.35% to reach a new 52-week high of ₹129.90 apiece in intraday trade. The bank reported a strong Q3FY24 performance, with total business improving 9.90% YoY to ₹12,76,389 crore.