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From the Sensex pack, M&M, NTPC, Bajaj Finserv, HCL Tech, Wipro, and TCS opened with gains, while ITC, Kotak Bank, Asian Paints, HUL, IndusInd Bank and Nestle opened with cuts.

The IPO comprised a fresh issue of up to Rs 490 crore and an offer for sale (OFS) of Rs 65.51 lakh shares. The issue received a thumbs-up from analysts with most recommending a "subscribe" over strong financials and growth potential in Northern India.

Even as the bank continues to make investments towards the franchise and capacity building, the management remains confident that improving productivity will support cost ratio improvement (C-I Ratio expected to improve to 55% over the medium term).

Delhivery can sustain strong 18-20% revenue CAGR for a long period of time. Over the medium term, the brokerage firm sees adjusted EBIT margins of ~5-6%, with an asset turn of 3-4x.

Lupin, incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 49542.29 Crore) operating in Pharmaceuticals sector.

On the weekly front, the maximum Call OI is placed at 19600 and then towards 19,700 strikes while the maximum Put OI is placed at 19,400 and then towards 19,500 strikes.

Price close below 50 day EMA and previous intermediate lows indicating further downsides in coming sessions.

So the loan growth rate which has kind of come down 14-16% can kind of accelerate back. We are close to an interest rate peak, hopefully that is depending on what the US Fed does and how RBI responds.

Promoters held 57.47 per cent stake in the company as of 30-Jun-2023, while FIIs owned 10.36 per cent, DIIs 24.8 per cent.

Prominent names that were chased by FII dollars in the quarter gone by include Aurionpro Solutions, Jindal Saw, Titagarh Rail Systems, Newgen Software, Zensar Technologies, Ramkrishna Forgings, Mrs Bectors Food Specialities, and Chennai Petroleum Corporation.