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​So, from that perspective, I think next three to six months besides this kind of a price correction, I think we expect IT to do more of a time correction. But these are good levels to buy and which is why we have a buy rating on both Infosys and TCS. We do not expect near-term price performance. So, things continue to remain lacklustre for IT as overall pack.

The stock has moved in the range of Rs 318 to Rs 356 levels from September 2022 to January with volumes being quite low during this period. The price breached the consolidation phase at 356 and moved upwards with high volumes to make an all-time high of 394 odd levels.

A total of 6,144 shares changed hands on the counter till 10:56AM (IST)

We have seen huge amount of volatility related to market outlook and direction. And typically, whenever that happens, you see defensive sort of playing out better.

The rupee appreciated 1 paisa to 82 against the US dollar in early trade on Tuesday, tracking a weak dollar and positive trend in domestic equities. Forex traders said the upward trend in crude prices and outflow of foreign funds from equities market restricted the gain in the local unit.

Equity AUM market share for HDFC AMC witnessed an improvement to 12.2% (+75bps YoY, +11bps MoM).

The open offer to acquire over 44,560,177 (4.45 crore) equity shares constituting 26% stake of Camlin Fine Sciences augurs well for the company, brokerage firm Axis Securities said, recommending a ‘buy’ on the stock.

The Nifty Realty index was trading 1.35 per cent up at 435.2.

As of 31-Mar-2023, promoters held 46.64 per cent stake in the company, while FIIs held 11.7 per cent and domestic institutional investors had 0.01 per cent.

“Thanks to the layoffs and the conversations on AI converging, there is a lot of narrative which is probably suggesting that many of these layoffs are an account of the advent of AI. To be honest, the existence of AI is expected to cost certain jobs and it is meant to cut down repetitive work here and there and it is a smarter way of doing things. But there is enough and more data which suggests that AI is also expected to create huge opportunities of employment.”