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A total of 114,978 shares changed hands on the counter till 01:32PM (IST)

The short-sellers may be running away but the most important thing is how the FIIs will react and from where they are going to get the stocks, says market veteran Vijay Kedia after announcement of the Budget 2023 by finance minister Nirmala Sitharaman

This paper is likely to witness a strong demand and lower cutoffs compared with the prevailing 10-year yield, and the yield curve typically moves in alignment with the change in the 10-year bond yield, traders said.

The consensus recommendation from 15 analysts for Indian Hotels is a buy. Out of the 15 analysts covering the stock, 11 analysts have strong buy and buy ratings, while three analysts have hold ratings, and the remaining one has a strong sell rating.

"The only thing that can dampen the sentiment so far the stock market is concerned, is long term capital gain tax. If the government tinkers with it, then the market will fall. But again, it would be a temporary phenomena; maybe after six months or 3-6 months, people will forget that. I do not know what is going to happen today. I am expecting a negative; government will impose tax and the market will go down."

The Nifty IT index was trading 0.46 per cent up at 29876.05.

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The stock traded at a P/E multiple of 498.04, while the price-to-book value ratio stood at 2.79.

Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 244576.21 Crore) operating in Pharmaceuticals sector.

A total of 15,247 shares changed hands on the counter till 11:49AM (IST)