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On the sectoral front, Nifty IT rose 0.71%, and Nifty PSU Bank surged 0.59%. Whereas, auto, FMCG, metal, pharma, realty and oil & gas sectors opened with cuts. In the broader market, Nifty Midcap 100 fell 0.14%, while Nifty Smallcap 100 gained 0.08%.

The Indian market is expected to consolidate on Friday tracking positive global cues. The S&P BSE Sensex fell more than 100 points while the Nifty50 closed above 18100 levels on Thursday. India VIX was down by 2.33% from 13.10 to 12.79 levels on Thursday. Volatility had sunk in the initial tick but later spiked and caused swings in the market. On the options front, the monthly maximum Call OI is placed at 18200 and then 18

Aurobindo Pharma, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 35144.60 Crore) operating in Pharmaceuticals sector.

Tata Consumer Products is a company that recommends a final dividend of Rs 8.45 per equity share. If approved by the members at the ensuing annual general meeting (AGM), it will be paid within 30 days of its declaration. The dividend declared is 845% on the face value of Rs 1 each, for the financial year 2022-23.

A total of 4,462 shares changed hands on the counter till 10:10AM (IST).

Goldman Sachs maintains a buy rating on SBI with a target price of Rs 695 post March quarter results. Morgan Stanley maintains an overweight rating on ITC with a target of Rs 474 post March quarter results. Macquarie maintains an underperform rating on Container Corp with a target of Rs 620 post March quarter results. Goldman Sachs maintains a buy rating on InterGlobe Aviation (Indigo) with a target price of Rs 2600 post March quarter results.

On the technical charts, the RSI of the stock stood at 67.13.

Net NPA, which used to be 4.58 and now it is below 0.74. Above all, the asset quality wise, if you look at SMA 30 plus, we started focusing on that, which is just 0.56% of the whole portfolio.

In the midst of all these, the INR has managed to keep its head tall among most of its peers. The rupee has appreciated against all other major currencies except a few (Swiss franc, Canadian dollar, Singapore dollar, Russian Ruble).

This ROA of 0.96 is for the year. If we look at the ROA for this quarter, it would be somewhere around 1.26 or 1.28. And ROE, of course, is 19.68. So, I think for last three quarters, we have been consistently maintaining ROA of more than 1%. And only in the first quarter, since we had the MTM losses of Rs 7,000 crore, we have got a ROA of 0.96 at the full financial year.