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RailTel Corporation was the top gainer, rising 11.4% to Rs 442 after its quarterly profit doubled year-on-year (YoY). The company posted a profit after tax (PAT) of Rs 62 crore in Q3 of FY24 as against Rs 32 crore in the corresponding period of the previous year, registering a YoY growth of 94%.

Finnish telecom equipment supplier Nokia on Thursday reported a 27% drop in fourth-quarter operating profit, hurt by lower demand for 5G gear across North America and a slowdown in markets such as India, but still beat expectations.

A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest.

The Relative Strength Index of the stock stood at 64.66 on Thursday.

Key monitorables for investors in the reporting December quarter include the commentary on growth, outlook on VNB margins, and possible talk on the changes in product mix.

Sunil Subramaniam of Sundaram Mutual Fund expects Indian equities to have a good first half of 2024, but warns of volatility in the second half. He recommends a large cap-oriented equity with allocation to gold and debt for a event-heavy 2024. He believes that consumption, banking, IT, and pharma sectors will perform well. In terms of asset allocation, he suggests a multi-asset allocation fund with a focus on BFSI, consumption, and IT. He also mentions that the outlook for gold remains positive.

Brokerage firm Goldman Sachs maintained a neutral rating on TVS Motor, Jefferies maintained a hold on IOC, Morgan Stanley recommended an Equal Weight rating on IOC, Jefferies has a buy rating on DLF and ICICI Securities downgraded Indus Towers.