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A total of 16,607 shares changed hands on the counter till 10:41AM (IST)

​This signifies people holding a short position on a stock have decided to exit, and further, traders buy back shares that they initially took positions to short sell. Multiple short positions are squared off and is said to be a cautiously bullish indicator.​

“The IT sector, buoyed by an ever-increasing global reliance on technology, looks primed for more growth. Pharma, on the other hand, is benefiting from the dual boost of a growing domestic market and increased demand for generics,” she said in an interview to ETMarkets.

Nothing Fitch says is wrong, but nothing it says is new either and there aren’t any real-world implications of the downgrade (as far as covenants being tripped or people not being able to own Treasuries).

India Cements, incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 7101.29 Crore) operating in Cement sector.

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

The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann

Promoters held 34.64 per cent stake in the company as of 30-Jun-2023, while FIIs owned 26.25 per cent, DIIs 25.56 per cent.

"The issue is priced at 10.5 times based on its NAV of 18.89 as of March 2023 and with good legacy parentage, tech-enabled and process-driven solution company and retirement of debt from IPO proceeds to improve net margins, we recommend a "Subscribe" to the issue for long term rewards," said Reliance Securities

Stocks that were in focus include names like Varun Beverages, which rose 0.34%, Gland Pharma, which gained 3.04%, and Kalyan Jewellers, whose shares jumped 2.73% on Wednesday.