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The Nifty Bank index was trading 0.47 per cent down at 45465.5.

A total of 162,011 shares changed hands on the counter till 10:30AM (IST)

On Thursday, MOFSL reported strong Q1FY24 numbers with consolidated net profit multiplying nearly 17 times from the year-ago period to Rs 527 crore. Consolidated revenue from operations almost doubled to Rs 1,500 crore. The capital market business reported a strong 63% on-year growth in net profit to Rs 155 crore.

The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree.

As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

​It is a two-bar candlestick pattern formed after a downtrend. ​

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

India has had a stellar run versus emerging markets since 2020 and the outperformance was huge. With China providing some hope, there was some rotation towards China in the early part of 2023, which proved short-lived.

​So net-net I am very positive on the economy as well as the stock market because the economy is strong, consumption driven stocks and economy facing stocks are the ones who will do really well in this economy.

The yen had earlier jumped about 0.5% on the report, gaining even as the dollar rose elsewhere after strong U.S. economic data and a toned down outlook from the European Central Bank.