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Gold price plunged Rs 430 to Rs 60,250 per 10 gram in the national capital on Thursday amid weak global trends, according to HDFC Securities. The precious metal had ended at Rs 60,680 per 10 gram in the previous trade.

On a sequential basis, net profit declined 37% from Rs 124 crore reported in the December quarter.

The equal weighted index funds, I think, have been around for the last couple of years and business cycle funds have also been there.

Market breadth was inclined in favour of the bulls. About 1,877 stocks gained, 1,616 declined, and 118 remained unchanged on the BSE.

Look at the whole pharmaceutical theme or the healthcare theme which was so big in 2020 but 2021, 2022 healthcare stocks have been right at the bottom. So, the main thing is that if you are planning to do a tactical allocation, you need to be very clear about what sector you want to do it in and it has to tie-in with your risk profile and your investment strategy.

The Nifty has formed a lower top with previous lows of 18,060, indicating levels of 18,000-18,050 on the lower side. The momentum on the daily and hourly charts for the Nifty has entered the sell mode with PCR below one. The maximum number of put writers are at 44,000 on the upside and highest call option writers are at that level. The Bank Nifty is consolidating within the 400-500 point range for the past eight days.The Nifty is expected to close within the range of 18,200 to 18,300.

​Nine stocks from the Nifty500 index have dropped by more than 50% from their highest points in the past year. Therefore, if any of these stocks were to recover and reach their previous high levels, they could potentially rise by over 100%

The stock quoted a 52-week high price of Rs 335.5 and a 52-week low of Rs 182.2.

A total of 594,741 shares changed hands on the counter till 02:09PM (IST)

Ola Electric, which makes electric scooters, is backed by investors such as SoftBank Group Corp and Tiger Global Management, and was valued at $5 billion in its last fundraise in 2022.