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Even as the Nifty IT index has marginally underperformed the broader Nifty50 on three, six and 12-month basis, the midcap and smallcap IT stocks have outrun all indices, Nuvama said, adding that some quality tier-2 IT firms delivered "eye-popping returns".

Promoters held 74.65 per cent stake in the company as of 30-Sep-2023, while FII and DII ownership stood at 7.67 per cent and 7.27 per cent, respectively.

DOMS IPO comprises a fresh equity issue worth Rs 350 crore with an offer for sale (OFS) of Rs 850 crore. Under the OFS, promoters Fabbrica Italiana Lapis, Sanjay Mansukhal Rajani and Keta Mansukhal Rajani will offload shares.

The yen fell one percent against the dollar on Monday on declining expectations that the Bank of Japan may tighten its ultra-loose monetary policy next week. The Japanese currency firmed sharply last week after comments from BoJ officials were interpreted as suggesting that it could end its long-held negative interest rates policy.

On the technical charts, the RSI of the stock stood at 45.87.

Bembalkar believes large caps are attractively priced considering the risks associated with the key events lined up in 2024.

Other popular altcoins like Toncoin and Chainlink plunged 9% and 8.5%, respectively. Also, XRP, BNB, Solana, Cardano, Dogecoin, Tron, Polkadot, Polygon, Litecoin, and Shiba Inu declined 2-7%. On the other hand, Avalanche rose over 5%.

As of December 8, there was a notable surge in futures open interest for three stocks in the F&O pack, contributing to a total increase in open interest of over 5% as compared to the previous trade.

As of 30-Sep-2023, promoters held 41.94 per cent stake in the company, while FIIs held 26.14 per cent and domestic institutional investors had 15.54 per cent.