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A stock split is usually done to increase the liquidity of the stock in the market. On the ex-split date, investors who are holding the stock until the record date will receive the new shares in demat accounts and the stock price will be adjusted according to the split ratio.

On the downside, the 19,300-19,250 level represents a critical demand zone. A breach below this range may extend the correction towards the 19,000 and 18,800 levels. Therefore, the range of 19,300-19,800 should be closely monitored as it currently defines the trading range.

Other than TCS, National Standard (India), Signatureglobal (India), Delta Corp, Samhi Hotels, Zaggle Prepaid Ocean Services, Plastiblends India, Justride Enterprises, and Sanathnagar Enterprises will also announce their Q2 results on October 11.

“Panacea Biotech restructured the company around Covid. They have paid off all their debt. It is a debt-free company. They got out of low production markets like India and Nepal, which is where they did their portfolio immunization. And now they are focusing more on developed nations.”

"We have not yet added to positions in India portfolio. The market has shifted around a little bit. We do not have that many Indian stocks. What we have, we tend to be in longer term, larger cap type names. We have not really played the midcap or smaller cap side. We just focus on a relatively small number of very liquid largecap names, which has served us quite well over time."

“As per capita income grows, we are already seeing the beginning of premiumisation in automotives, in housing. We are seeing high-end properties, high-end cars selling much faster. We believe that that is a segment which is fully not tapped yet.”

The expectations of higher for longer interest rates pushed yields higher, and this prompted foreign investors to pull out money from risky assets such as equities and park it in the bond market

"I expect it will likely be appropriate for the (Fed) to raise rates further and hold them at a restrictive level for some time to return inflation to our 2 percent goal in a timely way," Bowman said in prepared remarks to the Connecticut Bankers Association