Sun Pharma, ITC: Bet on these 5 defensive stocks to ride market volatility

With a strong up move on March 1, 2021, the stock of Sun Pharmaceuticals now needs to cross the resistance of Rs 620 mark to see a breakout rally towards Rs 640 and Rs 655 levels

Domestic markets started off the week on a strong footing, ruling nearly 2 per cent higher in the intra-day trade. While all the key indices were trading firm, analysts expect the markets to remain volatile as a spike in US bond yields is likely to trigger a flight to safety among investors. Last week, the yield on the 10-year US Treasury rose to as much as 1.61 per cent, which sent shockwaves through global equity markets.

"Going ahead the market may continue with its consolidation given weak global cues. Investors would closely track bond yields, geopolitical tensions and inflation data