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Apollo Hospitals saw a 10% rally in a month after breaking out from a rounding bottom pattern on the weekly charts. The breakout has paved the way for the stock to rise towards Rs 5,600 in the short-term. The stock recently hit a fresh 52-week high of Rs 5,008 and has risen over 13% in the past three months. The Relative Strength Index shows that the stock may show a pullback, while the MACD is a bullish indicator. The stock is now trading well above most of the short- and long-term moving averages.

Trendlyne data shows that 10 stocks including HDFC Bank, SBI, ICICI Bank, Jubilant FoodWorks, and SBI Life have high analyst ratings and can rally up to 40%.

​So, overall, this sector will definitely look at higher level of average growth rates as compared to what we have seen in the last five years or ten years. So, as a sector, definitely this is something that will see a re-rating and part of that re-rating has already happened I would say.

A total of 5,860 shares changed hands on the counter till 11:49AM (IST)

JK Cement has given in-principle approval to sign a share purchase agreement with Toshali Cements to acquire 100% equity shareholding for a cost of INR157 crore ($21m). The committee of directors has been empowered to finalise the deal once the conditions precedent are met. The acquisition is expected to help JK Cement increase its footfall in the eastern region.

But yes with the positive signs coming from the talks between US General Secretary and Defence Minister, these are the right steps that India is taking towards meeting its indigenisation and export goals.

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 7.89 per cent and domestic institutional investors had 0.45 per cent.

​I mean, the only problem though is in a lot of these businesses where they have raised too much money, the incentive for founders to remain in the business when these valuation cuts happen reduces because at the end of the day, funding, you raise venture capital is in a way a glorified loan, in the sense you have to return that money before the promoters or founders get to see any money.

Among Sensex stocks, Infosys, Tech Mahindra, HCL Tech, Wipro, and TCS were opened in the red, while Bajaj Finserv, Asian Paints, Maruti, UltraTech Cement, Kotak Bank, and Tata Motors opened with gains.

After being downgraded to "neutral" earlier in the year, India has rebounded and is now one of the top-performing emerging markets thanks to its encouraging GDP data, which has cemented its position as one of the fastest-growing economies globally. Strong earnings growth prospects, combined with swelling bids from both domestic and foreign investors, make Indian equities an attractive investment opportunity, despite rich relative valuations, according to Ridham Desai, managing director, Morgan Stanley India. Foreign portfolio investors have poured in more than $6.8bn into Indian markets since March.