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The brokerage observed that VBL is well placed under the current market situation as the early onset of the summer season is expected to drive overall beverage sales across regions. Further, the initial report on possible El-Nino could delay the rural recovery, which would have led the entire FMCG pack (ex-ITC) under the wait-and-watch mode, it said

Indian companies have been witnessing the highest cuts in their profit estimates by analysts for the first time in two years as the expected slowdown in the economy coupled with elevated interest rates will likely squeeze earnings

In the overseas market, gold and silver were quoting lower at USD 1,820 per ounce and USD 21.17 per ounce, respectively

Nifty ended below 17,500 levels, dropping 0.26% or 45 points, while Sensex fell 0.24% or 142 points to close at 59,464.

He said Nifty is now placed near the crucial support of 17,450-17,500 levels and that there is no sign of any reversal pattern unfolding at the lows. A new swing low has been formed at 17,421 levels

Real estate developers continued their robust performance in the residential segment in 3QFY23 with booking value growing to Rs 171 billion across a sample of 13 listed companies.

Meanwhile, the market capitalisation of all listed companies on the BSE declined by Rs 74,830 crore to Rs 260.07 lakh crore.

"What we are trying to see is the structural change in the consumption pattern. Wherever there is a structural change in the consumption pattern, we will be a buyer of that and that is where the wealth has been created in the past and we continue to believe in that."

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,417.24 crore, according to exchange data.

The total volume in DeFi is currently 6.32 billion, 11.31% of the total crypto market 24-hour volume. The volume of all stablecoins is now $50.26 billion, which is 89.91% of the total crypto market 24-hour volume.