The important point is the fact after Adani Enterprises’ inclusion in the Nifty50 index, it forced exchange-traded funds (ETFs) and index funds- on which rides a lot of pension money to buy the stock that traded at an astronomically high P/E multiple.

 The Sensex slipped by 773.69 points to close at 60,205.06, while the Nifty 50 fell by 226.35 points to close at 17,891.95

Indices traded flat amid volatility. Nifty closed 0.18 per cent lower while Sensex lost about 100 points.

On Monday, the auto & banking stocks kept the benchmark indices in the positive territory as the rising inflation and its impact on discretionary spending kept investors cautious. 

During the weekend while many of us were busy partying or maybe completing some unfinished household work, Adani Group was busy striking a deal!  

Going ahead, the theme of sector churning and stock-specific outperformance is likely to remain intact and hence, we have come out with a list of stocks that should be on your radar.