On the technical charts, the 200-day moving average of the stock stood at Rs 1068.79.
Manish Gunwani, Chief Investment Officer of equities at Nippon India Mutual Fund, believes the bigger risk to the market may not be the expected hike in interest rate, but the forthcoming elections.
ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 486276.12 Crore).
“My way to play the rising commodity prices will be buy some of the metals ferrous as well as non-ferrous, some of the speciality chemical companies, even organic chemical companies and may be to an extent cement.â€
“As India returns to normalcy, we will have to identify the next beneficiary as India unlocks.â€
“Hotel stocks have rallied well but Lemon Tree has not participated though it has really good potential to go beyond these levels.â€
“The sequential momentum in growth has slowed down or moderated a bit in the September quarter; it is likely to pick up in the December and the March quarter starting with the festive season spends.â€
Dolly Khanna sold 89,714 shares of Mangalore Chemical and Fertilizers, reducing her stake to 16,88,896 shares, or 1.43 per cent, from 17,78,610 shares, or 1.50 per cent, in the June quarter.
Gold is now heading for the biggest annual decline since 2015.
For investors wary of China, looking at India makes sense.
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