Stocks that were in focus include Adani Power which rose 5 per cent, Deepak Fertilisers which hit a 52-week high and closed with gains of over per cent, and Apollo Tyres which rose more than 4 per cent.
Avoid euphoric valuations, keep cash for better entry points: Pankaj Tibrewal
Pankaj Tibrewal of IKIGAI Asset Managers finds current valuations too high for new investments. Defence sector valuations are especially prohibitive. Cement sector, particularly in South