Naveen Trivedi, AVP-institutional research at HDFC Securities, on Friday, said that the fast-moving consumer goods (FMCG) space is now seeing stability.

Speacialty chemical maker Ami Organics' IPO, estimated at Rs 570 crore, opened for subscription on Wednesday, and will close on September 3.

Domestic brokerage firm Emkay Global is bullish on large-cap stocks such as ICICI Bank, Infosys, SBI, and others. In the mid-cap space, its Alpha Portfolio includes stocks such as Ashok Leyland, Bharat Forge, Radico Khaitan, etc. The sector and stock selection reflect its bias toward themes of capex revival (infrastructure, corporate capex, and residential real estate), pick-up in discretionary consumption (pent-up demand post unlocking, festive season), rural resilience, global growth, and exports. The brokerage is meaningfully ‘overweight’ on Banks and Autos/Auto ancillaries, and significantly ‘underweight’ on Consumer Goods on expensive valuations.

The Indian rupee inched higher by 2 paise to 73.03 against the US dollar in opening trade on Friday, despite a sustained rally in domestic equities. Forex traders said the local unit is trading in a narrow range as strengthening crude oil prices and dollar demand is offsetting the impact of upbeat domestic equities.