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market, there are multiple stocks that are still trading about 50-time earnings," says Ashish Gupta, CIO, Axis Mutual Fund. No doubt the markets have seen a very good recovery from the lows that it hit in the month of November, but one of the crucial questions now that will be on everyone's mind is that, is India value buy after the recent sell-off? Ashish Gupta: So, it is great that some of the froth in the market and in the valuations have come off in the month of October. However, I do not think in terms of multiple, the market has really come into a value zone yet. Of course, there are individual stocks that are now much more attractive, but on an aggregate basis, I do not think the market multiples have corrected as much.

ICICI Lombard General Insurance Company Ltd. traded at Rs 1868.85 on BSE at 11:32AM (IST) on Friday, 0.09 per cent from previous close. The stock quoted a 52-week low price of Rs 1354.80 and a high of Rs 2285.85.

LTIMindtree Ltd. 1.08 per cent to Rs 6223.45 in Friday's trade. It hit a high of Rs 6250.00 and low of Rs 6133.60 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 5480.52, while the 50-DMA was at Rs 6100.29. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

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index breached its 20 DEMA in today's session, which indicates a downside breakout of the range movement of the last few sessions. The huge opening upside gap of 25th November has been filled and the Nifty closed around the gap support of 23,900 levels. On the downside, the index will find immediate support near 23,800, followed by 23,560, which is the 200-Days exponential moving average (DEMA) support level. The index is still facing strong resistance near 24,350-24,360 levels. As long as the index persists below 24,360, traders should focus on booking profits on the bounce and wait for a fresh breakout, said Hrishikesh Yedve of Asit C. Mehta Investment Interrmediates.

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Higher interest rates should help prevent NIM contraction, and higher inflation could drive credit growth by an additional 100-150 bps, says Santosh Pandey, President & Head at Nuvama Professional Clients Group. Banks are currently trading at reasonable valuations, Pandey said as he opines that higher interest rates could benefit banking stocks, assuming no major surprises in asset quality. Excerpts:

Max Healthcare Institute Ltd. 2.02 per cent to Rs 986.30 in Thursday's trade. It hit a high of Rs 1015.65 and low of Rs 980.10 during the session. On the technical charts, the 200-DMA of the stock stood at Rs 882.28, while the 50-DMA was at Rs 985.67. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

LTIMindtree Ltd. 1.75 per cent to Rs 6149.00 at 02:05PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,420 shares with a turnover of Rs 2.10 crore till 02:05PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 39.01, while the price-to-book value ratio stood at 7.30.

United Spirits Ltd. traded at Rs 1502.00 on BSE at 01:15PM (IST) on Thursday, 0.87 per cent from previous close. The scrip quoted a 52-week low price of Rs 1031.85 and a high of Rs 1648.40.

HDFC Asset Management Company Ltd. 0.01 per cent to Rs 4245.90 in Thursday's trade as of 11:59AM (IST). The stock hit a high price of Rs 4278.80 and low of Rs 4227.05 during the session. The return on equity (ROE) for the stock stood at 28.08 per cent. Traded volume on the counter stood at 11:59AM shares and turnover at Rs 1.27 crore around that time. The stock of HDFC Asset Management Company Ltd. quoted a 52-week high price of Rs 4862.00 and 52-week low prices of Rs 2850.05, respectively.

Tata Power Company Ltd. 0.11 per cent to Rs 417.30 at 11:53AM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 531,518 shares with a turnover of Rs 22.17 crore till 11:53AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 35.51, while the price-to-book value ratio stood at 3.89.

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On the BSE, Novateor Research(down 17.67 per cent), Looks Health Services(down 14.97 per cent), AccelerateBS India(down 12.23 per cent), Superior Finlease(down 10.11 per cent) and 3P Land Holdings(down 9.36 per cent) were among the stocks that plunged over 5 per cent during the session.

Benchmark NSE Nifty index fell 57.5 points to 24217.4 amid selling in frontline bluechip stocks.

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The ideal time to buy leading stocks — those with strong earnings, sales growth, and institutional sponsorship — is when they break out of a solid price base on heavy volume, with the market in a Confirmed Uptrend, says Anupam Singhi, CEO & Chief Investment Officer, O’Neil Capital Management India. «Since most stocks tend to follow the market's broader trend, buying during a market correction means fighting a negative tide. It is more prudent to wait for the market to confirm a rally, ensuring you buy when success probabilities are at their peak,» he says. Edited excerpts from a chat: How attractive does Nifty look after the recent correction? Are you cautious or bullish at this stage of the market? Rather than attempting to predict market narratives, we focus on responding to market trends and monitoring evolving conditions. At any given time, there are reasons to be either cautious or optimistic, but we rely on well-defined rules. At O’Neil, we follow a structured approach to identify market trends. Currently, the Nifty’s recent low of 23,263 is considered a correction low. A Rally Attempt will be identified if the Nifty closes in the green or in the upper half of the day’s range and holds above this low for three consecutive sessions.

Dipan Mehta, Director, Elixir Equities, says from a fresh investment angle, avoid ABB, Hitachi, and Siemens. All of these companies’ existing investors may remain invested, but this is not the time to make a fresh investment. These are great stocks to buy when there is a down cycle in the capex cycle and these companies’ earnings are stagnating or even growing negatively, but not at these times when the stocks have rallied as they have. For now, it is a hold for Mehta. Dipan Mehta further says that investors who are underweight on PSUs banks or defence or engineering companies, this corrective phase is a good opportunity to get at least equal weight. What do you make of this counter because Ola Electric has been vulnerable to a lot of volatility just in the last couple of weeks. What are you making of this counter and fundamentally, how does this stock look to you? Dipan Mehta: One cannot really comment exactly why the stock is up 20%. There is no specific fundamental news that has come to my notice at least, except that they are keeping on launching new models and they are addressing their complaint-related issues. But apart from that, I do not know why the stock is up 20%.

Subscribe to enjoy similar stories. The Nifty 50, the Indian stock market's benchmark index, has continued to consolidate within the range of 24,125–24,350 points for the last three trading sessions. The session on Wednesday started on a muted note at 24,204 and saw a sideways movement during the first half.

Subscribe to enjoy similar stories. Stock trading involves multiple analysis methods to evaluate trends and make informed decisions. Traders and investors often rely on technical, fundamental, and derivative analyses to guide their choices.