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In the Nifty50 index, the top inflows will likely come into Adani Enterprises ($21 million) followed by HDFC Bank ($19 million). Both stocks will also see their weights going up by 0.06% to 0.9% and 13.4%, respectively. This will be followed by inflows in Axis Bank ($11 million), ITC ($3 million) and Tata Consumer Products ($3 million).

"While large investors who need depth and tight spreads could wait for the regular session, those looking to react early to global news flow could be interested, despite the risk of potentially lower volumes. Further, we have so far taken credit for the strength of our macros, which has helped our indices less troubled by global market volatility," James said.

On September 26, Tuesday, StockEdge reported that 26 stocks had experienced a declining trend in the Relative Strength Index (RSI). ETMarkets has selected 10 stocks from this group that are currently facing a downward RSI trend.

A total of 880 shares changed hands on the counter till 01:29PM (IST).

​So I am really watching closely. That stock, the RSI for example, for RIL would be sub 30 right now, which means it enters the oversold territory. And that should put it in a point where we start seeing it pick up and contribute to the indices.

"India is the only country which has still a lot of distance to go before the market becomes saturated. It is for this reason that in the last 15-20 years almost every car manufacturer in the world has found its way into India. And those who have not come are looking to come now, because they think that the changing technologies and requirements give them an opportunity which they might have missed earlier."

As international oil prices are once again nearing $100 per barrel, interest in ethanol is likely to increase, which could further help sugar stocks.

​So, as far as the staples sector is concerned, I think we are going to see two-three quarters, maybe two quarters of subdued demand and after that things could work up leading into the 2024 elections.

As of 30-Jun-2023, promoters held 74.36 per cent stake in the company, while FIIs held 15.3 per cent and domestic institutional investors had 3.44 per cent.

The stock quoted a 52-week high price of Rs 591.7 and a 52-week low of Rs 462.95.