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A total of 1,557 shares changed hands on the counter till 11:47AM (IST).

I think that the whole capital goods, industrial and railways, these three themes are the pockets where we have taken some money off the table. We are not negative on this space but we just feel that, the stocks have run up a little faster than what the fundamentals have held.

On the options front, the maximum Call OI is placed at 19800 and then towards 20000 strikes while the maximum Put OI is placed at 19500 and then towards 19700 strikes. Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19500 strikes.

Tata Motors has delivered hydrogen fuel cell-powered buses to Indian Oil, marking a step towards scaling up the technology. The buses use hydrogen as an energy source, which combines with oxygen to generate electricity. The electricity is stored in a battery and used to propel the wheels, making the buses zero-emission vehicles. In addition to the fuel cell technology, the buses also feature hydrogen storage, safety systems, telematics, and an intelligent transport system. The cost of these buses compared to diesel fuel buses will play a role in determining their future.

Shares of PSU Bharat Heavy Electricals Limited (BHEL), which manufactures power generation equipment, has grown 77% so far in FY24, while JSW Energy is also up 75%. Investors are also paying attention to PSU utilities like NTPC and NHPC, which have given returns of 36% and 30% in FY24, as they look inexpensive and come with good dividend yields.

On the technical charts, the RSI of the stock stood at 43.61.

Analysts attributed the downward movement of the rupee to a strengthening dollar amid increased month-end demand of the American currency by importers and rising US Treasury yield.

A total of 156 shares changed hands on the counter till 10:30AM (IST)

Indian states will raise 270 billion rupees ($3.25 billion) through a sale of bonds later in the day, while New Delhi will mop up 390 billion rupees on Friday. Indian money markets will remain shut on Thursday for holiday.

As of 30-Jun-2023, promoters held 43.92 per cent stake in the company, while FIIs held 14.22 per cent and domestic institutional investors had 2.4 per cent.