The financial advisory firm suggests holding onto Oracle Financial Services and buying HAL for their positive long-term prospects. However, ONGC has been downgraded to a sell due to market risks, while Gail appears attractive at its current price, with a projected target of Rs 160-165.

Oracle is implementing a worldwide reduction in workforce as part of an initiative to reduce costs. This move will impact thousands of employees globally.

IT sector in Nifty experienced a 1.5% decline due to increased concerns over Iran's threats to undersea cables, potentially impacting India's digital connectivity. Stocks like Infosys, Persistent Systems, OFSS, LTIMindtree, and others saw decreases, while TCS posted gains. Analysts anticipate heightened volatility for IT stocks moving forward.