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“Southern India is a great source of value creating companies. These are nice low profile companies. They just get on with their business and deliver exceptional returns. CG Power has been a fantastic multibagger stock and what a fantastic turnaround story it has been and kudos to Tube Investment for identifying this opportunity and buying into it and turning it around so quickly and creating so much value for the shareholders.”

From Sensex stocks, Asian Paints, Nestle, Power Grid, JSW Steel, and Wipro opened with gains, while HUL, UltraTech Cement, Bharti Airtel, and TCS opened with cuts.

India VIX was down by 2.98% from 12.23 to 11.86 levels. Volatility slightly cooled off but has been hovering in a range.

Analysts across the board have given a thumbs up to the IPO asking to subscribe to it or buy it post listing and have several positive reasons backing the same.

“Truecaller’s AI assistant that can pick up the calls. What we are working on right now is to use this assistant to also detect whether our AI is speaking to another AI. And it is a hard problem to solve, but it is something that we are working on because we do believe that this type of fraud will continue to grow.”

On the revenue front, Tata Motors led the growth in the four-wheeler segment, with its consolidated sales rising about 37% year-on-year (YoY) in the six months ended September (H1).

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.

On Comex, gold futures were trading at $1,994.70 per troy ounce on Thursday, up by $1.90 or 0.10% while Silver futures were trading at $23.735, higher by 0.047 or 0.20%.

IIFL Securities downgraded Sun TV to ADD from a buy earlier but raised the target price to Rs 731 from Rs 678 earlier.

Suzlon Energy stock has witnessed a 14% correction over the last three trading sessions after hitting back-to-back 52-week highs. The last time it was on Friday when Suzlon Energy shares scaled a Rs 44 peak on the NSE.