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On the technical charts, the RSI of the stock stood at 55.06.

India may sustain its position as the best performing market in the world for a long time, but not everyone is positioned on India and consensus in opinion is not the same as consensus in positioning, says Ravi Dharamshiof ValueQuest Investment. He believes India will break out at some point, as the macro-economic numbers are getting favourable. The financial sector is seen as a good investment opportunity by Dharamshi.

I think over the last couple of years because of the huge fluctuation in raw material prices, it was difficult to pass on the entire cost to the market.

A total of 5,396 shares changed hands on the counter till 12:35PM (IST)

The stock quoted a 52-week high price of Rs 363.0 and a 52-week low of Rs 207.25.

Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 57870.76 Crore).

The 10-year benchmark 7.26% 2033 bond yield was at 6.9786% as of 9:05 a.m. IST, its lowest since April 8, 2022. They closed at 7.0057% in the previous session.

The stock quoted a 52-week high price of Rs 3586.5 and a 52-week low of Rs 2150.75.

​So despite all this weakness of yesterday of the Fed, I think IT looks strong, banking looks strong, and capital goods look strong. Consumer because of input prices are coming down and there is some amount of volume coming back in consumer discretionary, capital goods, and banking.

Domestic gold futures rose to 61,490 rupees ($752.49) per 10 grams, up nearly 12% so far in 2023.