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A total of 439,692 shares changed hands on the counter till 11:33AM (IST).

FMCG sector has seen buying interest from FIIs due to net cash flow companies with high brands and distribution, but the result numbers have not been encouraging. The market is seeing a lot of money coming in due to global inflows. The cement sector is expected to perform well in terms of volume growth and margins. The auto industry is cyclical and dominated by different companies based on introducing new models, making sure new models are successful, and having pricing power.

Off late, prices have been confined within the range of $69 and $74 for WTI and $74 and $78 for Brent. We expect this range to hold until an agreement is reached.

The pandemic has brought about changes in the insurance industry in India, including increased awareness and engagement among customers, digital adoption and the growth of small-ticket and health insurance policies. Health insurance has become the dominant segment, with growth of 25% YoY and contributing over 40% to the overall pie at Kotak Mahindra General Insurance.

From the Sensex pack, NTPC, HCL Tech, Infosys, Tech Mahindra, Wipro and Reliance opened with gains, while Sun Pharma, IndusInd Bank, Power Grid, Axis Bank, and ICICI Bank were trading with cuts.

Indian markets are set to consolidate due to muted global cues, with the BSE Sensex rising by nearly 100 points on Thursday, while the Nifty50 closed above 18,300. India VIX was down by 4.5% to 12.52 levels and has given strength to the bulls. Options data suggests a trading range of 18,000 to 18,600 zones and immediate trading range between 18,100 to 18,500 zones. Short-term traders can consider buying Bharti Airtel, PFC, and Tata Power, according to lead technical analyst Pritesh Mehta.

​Obviously, with high inflation and high housing costs and the energy crisis, it has all played a part including the banking crisis which also spurred a lot of fear into the economy. So I think also the banking crisis had a lot to do with what is going on in Germany right now as well.

Although Indian stock market valuations have dropped to their 5-year and 10-year historical averages, analysts still lack comfort in recommending investors to put money aggressively. However, nearly 50% of index stocks are below their 10-year averages, which can offer decent returns. UPL has the highest upside at 35% despite brokerage Prabhudas Lilladher slashing its FY24E/25E estimates by 16%/12% and target multiple from 14x earlier to 12x. Meanwhile, HDFC Bank, SBI, Axis Bank, and M&M have upwards of 20% upside potential each in the next 12 months.

​On the candlestick screener, a bullish reversal pattern helps identify stocks that can convert into an uptrend from a downward zone in the future.​

On the technical charts, the 200-day moving average of the stock stood at Rs 1245.44.