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Strength in domestic equity markets and the Reserve Bank of India’s (RBI) recent heavy interventions to shield the rupee from excessive volatility also improved sentiment among currency traders.

“Having seen a fall of almost 13-14% at the index level and a much higher fall in the broader market, we are seeing a bit of a relief rally and it may last for maybe a couple of days but we are not expecting a sustained recovery in the broader market.”

Delhivery provides a full range of logistics services, including delivery of express parcel and heavy goods, PTL freight, TL freight, warehousing, supply chain solutions, cross-border Express, freight services, and supply chain software.

A total of 6,390 shares changed hands on the counter till 11:31AM (IST)

The Gujarat-based Venus Pipes & Tubes is a manufacturer and exporter of stainless steel pipes and tubes. It has one manufacturing plant located at Dhaneti (Kutch) with an installed capacity of 10,800 MT per annum.

Airtel shares, though, were marginally down 0.76% at Rs 702.20 in Wednesday morning trade, after initially jumping nearly 3% a day after the telco beat estimates with an almost 164% on-year rise in consolidated net profit for the fiscal fourth quarter, driven by sharp tariff hikes taken by its India mobile business last November, which helped boost average revenue per user (ARPU), strong user additions, and one-time gains.

The subscriber addition by Airtel, though, was lower than the historical average of 80 lakh to 1 crore, possibly due to the tariff hikes, Motilal Oswal said.

Analysts said margins for the quarter fell mainly due to higher freight costs as they offered a favorable view on the stock with price targets in Rs 750-916 range, suggesting a 6-29 per cent potential upside on the counter. Sharda Cropchem deals in two segments - agrochemical and non-agrochemical.

Cryptos tracked equity markets to log muted gains following encouraging US retail spending and industrial production reports. Barring the US Dollar pegged stablecoins, all the tokens were trading lower on Wednesday. Polkadot dropped 4 per cent, followed by a 2 per cent fall in Bitcoin, Cardano and Avalanche each.

MCX’ share price has grown by ~44% over the past three years (from Rs 827 in May 2019 to Rs 1212 levels in May 2022). Being a market leader in commodities exchange and a beneficiary of increase in option volume, the brokerage maintains BUY rating on the stock.