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According to Rahul Sharma, ICICI Bank, Axis Bank, and Federal Bank are the top three stocks in the private banking sector with significant upside potential. The Nifty is expected to have an upwards breakout, and HDFC Bank is likely to follow suit. SAIL is recommended for re-entry in the PSU plus metals sector.

In the intra-day trade, the scrip of state-run oil marketing company hit a 52-week high of Rs 651.80 and Rs 651.65 apiece on the BSE and NSE, respectively.

Coming to the buildup of fresh short positions, When the stock prices move downward and open interest on the counter increases, it is taken as a sign of a short build-up.

Rahul Shah advises clients to stay invested in the PSU theme and sees Zomato as a long-term opportunity. He is bullish on Blinkit and expects continued growth in delivery business. Additionally, he highlights the potential of PSU banks, Vedanta, SBI, HDFC Bank, BPCL, and HPCL. Shah says one should buy BPCL and HPCL on dips.

The investment firm spent about $500 million on the notes of companies including Adani Green Energy Ltd. immediately after Hindenburg published its report in January 2023, said people, who requested anonymity because the information is confidential.

Mark Matthews says: "IT has always been a leveraged play on the US and I suppose I am contradicting myself a little because we do like the US market. But I would rather, if I am invested in India, just be invested in the Indian domestic story. I can get my US exposure in the United States itself."

From institutional giants to individual investors, the adoption of algorithmic trading has surged, propelled by the advancements in electronic trading platforms.

At the interbank foreign exchange, the domestic currency opened at 83.00, then touched 82.99 against the greenback in initial deals, registering a rise of 3 paise from its previous close.

The issue is at a fixed price of Rs 77 per equity share. The equity shares will be listed on the NSE Emerge platform.