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From the Sensex pack, Bajaj Finserv, HDFC Bank, SBI, JSW Steel, Bajaj Finance, and Asian Paints opened higher, while Jio Financial Services, Nestle, TCS, Reliance, and HUL opened lower.

"While there may be short-term challenges for entrepreneurs in India, such as funding difficulties and a focus on profitability, the long-term outlook is promising. Budding entrepreneurs must have a clear vision, be detail-oriented, and persevere in order to build scalable and successful companies. Despite the current funding winter, funding opportunities still exist for the right companies. "

As part of the demerger, JFSL has received 413 million treasury shares or 6.1% of the total share capital of RIL. At the current market price, the value of these shares is about Rs 1 lakh crore.

JFS is part of the benchmark Nifty 50 and Sensex due to their demerger from Reliance but they will be removed from the benchmarks at the end of third trading day, per exchange rules.

BofA Securities maintained a buy rating on Bajaj Finance with a target price of Rs 8750. The company has multiple levers to support growth. The focus is on diversification. It has taken proactive action on unsecured growth, and the FY24 target remains intact.

The Nifty Auto index was trading 0.32 per cent up at 15477.45.

According to Trendlyne Data, Canara Bank, Federal Bank, Equitas Small Finance Bank, and Indian Bank are the top banks that saw a decrease in NPA in Q1FY24.

Mahindra Lifespace Developers, incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 8423.49 Crore) operating in Real Estate sector.

The stock quoted a 52-week high of Rs 1408.0 and a 52-week low of Rs 1092.0.

A total of 2,125 shares changed hands on the counter till 10:30AM (IST)