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We are fairly large overweight on pharma if I remember correctly in different-different funds, but we have like upwards of 20% weight in some of the pharma and API space.

Power Grid on Wednesday reported 10% growth in its consolidated net profit at Rs 4,028 crore in the third quarter, compared with Rs 3,645 crore posted in the corresponding quarter of the previous year.

​Our growth businesses keep on firing, overall a 42% growth and all the businesses are plus 40% now. EBITDA margins are now north of 15%, working capital down 7 days. We actually generated 40% more cash in Q3 this year versus Q3 last year. Close to 3,000 crores of cash was sitting on our balance sheet and I say was because we are going to use it now for the acquisitions.

Shares of General Insurance Corporation of India jumped 13.9% to a fresh 52-week high of Rs 466 while those of New India Assurance Company rallied 14.3% to a new high of Rs 311.85 on BSE.

The RBI on Thursday left the repo rate unchanged at 6.50% following the conclusion of its three-day monetary policy meeting. This is the sixth consecutive time the central bank has left policy rates untouched and the longest pause in rates since 2008 in a rising interest rate environment.

Well, on the growth front, one would have to give the RBI the benefit of doubt because the projections they have done of late have actually turned out to be true more often than not and there had been some upside surprise on growth numbers, at least at the headline level.

The stock quoted a 52-week high price of Rs 317.9 and a 52-week low of Rs 207.85.

In all likelihood, it could be the elections rather than the central banks that will move the markets as both India and the US face elections in 2024.

A total of 3,947 shares changed hands on the counter till 12:23PM (IST)

While maintaining its withdrawal of accommodation stance, RBI Governor Shaktikanta Das also highlighted that the inflation rate was persistently high above the RBI’s comfort range of 4%. On D-Street, while the Nifty PSU Bank index was trading about 3% higher led by SBI, Nifty Bank and Nifty Auto fell about 1% each. Kotak Mahindra Bank, ICICI Bank, and Axis Bank led the downside with a dip of 2% each. Among auto stocks, Eicher Motors, Maruti Suzuki, and Sona Comstar fell 2% each.