“The vulnerability of the mid and small caps to correction remains since the valuations are excessive. Large caps will witness buying on declines. Investors can wait for the market to stabilise and buy high quality largecap stocks on declines,” said VK Vijaykumar of Geojit Financial. The top gainers were Power Grid, Britannia Industries, Bharat Petroleum Corporation (BPCL), RIL, and LTIMindtree, while the top losers were Axis Bank, Bajaj Auto, Cipla, SBI Life and ICICI Bank.
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