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When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

“For the rate of growth to become better in emerging markets, the basic catalyst was missing. The fiscal and monetary policies were quite conservative and currency channels were very tight at margin. That changes in favour of emerging markets and history suggests that whenever things like this happen, at least in the short to medium term, it leads to very large flows in EMs.”

“Midcaps have rallied substantially, we need a growth of at least 10% or more for the industry for the overall stocks to do well because it is not an under-owned sector. Most funds own a significant amount of IT stocks despite the downturn. People who do not own, should start allocating. People who have reasonable exposure, should not go overweight right now.”

Tata Consumer Products Ltd., incorporated in the year 1962, is a Large Cap company (having a market cap of Rs 88604.49 Crore) operating in FMCG sector.

Baijal said that Indian equities are likely to end 2023 on a positive note, but as we enter 2024, global macroeconomic factors may dominate local macro factors in the first half of the year.

Promoters held 51.28 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 21.51 per cent and 16.67 per cent, respectively.

A significant uptick in futures open interest signifies a substantial growth in the number of active, unexpired futures contracts in a specific security.

"Technology, especially through robo-advisory platforms, has significantly shaped the development of Indian markets across asset classes. It contributes by using advanced algorithms for data analysis, pattern recognition, and algorithmic trading, enabling the creation and execution of complex trading strategies with precision. Additionally, robo advisors excel in risk management through sophisticated algorithms, operate 24/7 for continuous market monitoring, and can even incorporate behavioral analysis for a deeper understanding of market dynamics."

The stock traded at a P/E multiple of 29.91, while the price-to-book value ratio stood at 2.11.

At the interbank foreign exchange market, the rupee opened flat at 83.30 against the dollar. It moved in a tight range of 83.32 and 83.29 in morning deals.