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Having climbed more than 15% from a March low, India’s NSE Nifty 50 Index is trading at 18.2 times its one-year forward earnings, making it the most expensive national benchmark among major Asian markets, according to data compiled by Bloomberg. The Nifty Midcap 100 Index has risen 37% in the period.

The dollar index fell to 106.62, down about 0.12%. Asian currencies rose, with the Korean won leading gains.

On the technical charts, the RSI of the stock stood at 51.44.

So, broadly, I think there is going to be a huge positive boost in terms of consumption for all these sectors and plus there are a lot of people who are going to go travel for the matches. So, they will book hotels, they will book flights, so even that will see some kind of consumption boost.

A total of 55,848 shares changed hands on the counter till 12:02PM (IST).

The IT sector will likely remain stagnant in the next six months. However, if the US experiences a recession, both the IT and pharmaceutical sectors will be negatively impacted. The electronic manufacturing sector is expected to perform well in the near term. Mid and small-cap stocks are still in a good position, while the power sector and companies like REC and Power Finance are recommended for short-term tactical trades.

The stock quoted a 52-week high price of Rs 290.5 and a 52-week low of Rs 172.25.

The Nifty Realty index closed 1.73 per cent down at 568.3.

Marico Ltd. key Products/Revenue Segments include Edible Oil, Others, Personal Care, Export Incentives, Scrap for the year ending 31-Mar-2023.

From the Sensex pack, Tata Motors, Titan, and Infosys were the top gainers, rising over 1% each. L&T, ICICI Bank, HDFC Bank and UltraTech Cement also opened higher. On the flip side, only Power Grid, Nestle, Axis Bank, and Bharti Airtel opened lower.