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​First, on a fundamental basis, if you look at, we always track something called earnings yield which is nothing but one by PE and on a trailing 12 months basis if you look at the earnings yield of large cap is 4.3%, midcap is about 4.8% and small cap is about 4.6%.

​And I think we will have to see how this impact on this 5% of our business plays out. It is still, to be honest, very early to predict it. Probably the next quarter, we should be in a position to share more information on that front.

Gold prices edged higher on Wednesday, with spot gold at Comex trading up by 0.31% at $1939 per ounce in the morning session. A lower US dollar and declining US Treasury yields helped gold rise to its highest level in three weeks," Saumil Gandhi, Senior Analyst (Commodities), HDFC Securities, said.

“Post the GST rejig which has imposed 28% tax on gaming of all sorts, it is better to just stay away for two-three quarters. Let the dust settle down. Let us see what the real numbers are and how the impact has been and then take a call.”

A total of 568,194 shares changed hands on the counter till 11:26AM (IST).

India VIX was down by 3.90% from 11.46 to 11.01 levels on Tuesday. Volatility sunk lower and is hovering near its lower band which may support the bulls near immediate support zones.

Tata Consultancy Services (TCS), which will release its earnings after market hours, is likely to put up a weak show for the June quarter, given the slowdown in technology spending and higher costs.

IT giants TCS and HCL Tech are scheduled to announce their June quarter numbers post-market hours. Investors would also be tracking the CPI number for June which is due today.

​But essentially what has changed now is that GST sought to be imposed on the entire 200 which is Rs 56. Now, take it as a parallel to the broking industry which people understand. The stockbroking industry has GST, has securities transaction tax, etc, built in and all of these operate at sub-1%, in fact well below the 1% including the brokerage.

Incorporated in 2016, Utkarsh commenced operations in 2017 and its product suite includes a range of deposit products, including saving accounts, salary accounts, current accounts, recurring and fixed deposits and locker facilities.