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On the technical charts, the RSI of the stock stood at 68.76.

Zomato shares rose over 7% after news of an investor meeting and Jefferies’ Christopher Wood including Zomato in his India long-only portfolio. The company trimmed losses in the January-March quarter and increased revenue by 70% YoY, with consolidated revenue of INR 2,056 crore. Following these results, Emkay and Goldman Sachs both issued "Buy" ratings on the stock. ONDC’s revision of incentives and discounts in the food industry has also given a boost. Despite underperforming the Nifty50 over the last year, Zomato shares have risen over 18% for YTD and are near their IPO issue price.

As of 31-Mar-2023, promoters held 0.8 per cent stake in the company, while FIIs held 15.38 per cent and domestic institutional investors had 9.9 per cent.

​Let us see the unemployment numbers that come out as they will define what the Fed will do later in the month and then our own monsoons which also we should get more clarity on in terms of how they are progressing in the coming days.

A total of 20,199 shares changed hands on the counter till 12:29PM (IST)

The Nifty Pharma index closed 1.06 per cent up at 12812.8.

Equities could break the June curse by making positive returns based on sustained inflows from foreign institutional investors, say experts. Despite historical data showing that six times in the past decade the stock market has delivered negative returns in June, the country has had a good three-month run, causing money managers to gain confidence. With $8bn in foreign portfolio investments, coupled with continued inflows thanks to the fact that India is surging ahead of its emerging market peers, the Nifty50 is just 400 points away from its all-time high.

I think AI will expand the market. It is the same way the mobile phone that you are carrying expanded the telecom market.

​This signifies people holding a short position on stock have decided to close their position. And further, the traders buy back the shares that they initially took positions in to short-sell.​

On the technical charts, the RSI of the stock stood at 68.24.