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The Indian rupee closed lower on Thursday hurt by a decline in most regional currencies and dollar demand from foreign banks but market gauges signal that the bearish bias on the rupee has dampened in January.

Indian benchmark indices rose, driven by IT stocks and pharma gains. GoDigit Insurance, Zensar, Coforge, Pidilite, and Vardhman Textiles saw significant stock movements, while BPCL and IndiaMart dropped.

Technology-enabled building materials platform Infra.Market has secured Rs 1,050 crore in its pre-IPO funding round as it is gearing up for a public listing later in the year, according to a regulatory filing with the Registrar of Companies (RoC).

The Nifty Realty index closed 1.0 per cent at 873.70.

Ajay Vora from Nuvama Asset Management emphasizes the importance of growth visibility and value in investment choices. He highlights opportunities in banking and cement sectors but advises a long-term perspective. He suggests caution in real estate and consumption sectors due to current market conditions and the need for better economic clarity.

Mahesh Patil, CIO of Aditya Birla Sun Life AMC, believes that recent market corrections have made large-cap stocks more attractive, potentially bringing back foreign investors. Despite strong domestic investments, the weakening market breadth may cause a slight correction in the Nifty and ongoing declines in midcap and smallcap stocks. This year will be more stock-specific rather than sector-based betting.

​As far as some of the other counters are concerned, we are seeing a bit of a short covering rally except for example something like a KPIT Tech is bouncing back.

10 large-cap stocks from the Nifty200 index where FIIs increased their stake in Q3

Mazagon Dock share price: Over the past year, Mazagon Dock shares have surged by 106.18%, although they have declined by 6.75% in the last six months. In shorter durations, the stock gained 12.52% over three months, 0.97% in one month, and 5.14% year-to-date (YTD).