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India VIX was down by 0.83% from 10.87 to 10.78 levels in the previous session. Volatility has been cooling off from the last three weeks and comforting the bulls for buying on declines.

​This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased.​

Rupee rises 9 paise to 82.93 against US dollar

Updated at : 2023-09-11 11:25:01

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Today, volatility for major crosses including the rupee could remain low as no major economic data is expected to release. We expect the USDINR (Spot) to trade sideways with a positive bias and quote in the range of 82.80 and 83.40," Somaiya added.

The IPO of Ratnaveer Precision Engineering, which ended on September 6, received a strong response from investors with the overall subscription at 93.95 times at close.

Meanwhile, a host of analysts shared their tech views on particular stocks which may gain up to 17% in the near term.

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As part of a merger between Capital First and IDFC Bank in December 2018, Vaidyanathan was granted stock options. As these options are now approaching their expiry, he is exercising them by paying exercise price to the bank.

"We have been adding Praj Industries because the outlook has improved with their foray into the compressed biogas segment now becoming clearer. We have been also accumulating Voltas as it is one midcap that is reasonably placed. Aditya Birla Retail is the third stock we have accumulated as all negatives are in as we enter the festival season."

Persistent has performed well recently in the last 1 month. The stock is not factoring in near-term softness - decision-making has not improved.

Buy HDFC Bank, target price Rs 1740: Nuvama Wealth

Updated at : 2023-09-11 11:25:01

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HDFC Bank, incorporated in the year 1994, is a banking company (having a market cap of Rs 1228435.38 Crore).

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