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The selection of stocks, which is done using a Python code, begins with forensic screening and looking for companies with low leverage and consistent profitability. The portfolio combines uncorrelated factors like quality and value to lower downside risk.

Morgan Stanley maintained an overweight rating on Maruti Suzuki post December quarter results with a target of Rs 10,483.

Sun TV Network, incorporated in the year 1985, is a Mid Cap company (having a market cap of Rs 18675.67 Crore) operating in Media & Entertainment sector.

On the technical charts, the RSI of the stock stood at 45.32.

A total of 8,488 shares changed hands on the counter till 10:36AM (IST).

While TCS reported strong numbers for the December quarter, it wasn’t good enough to entice investors as risks to earnings growth persists amid the macroeconomic slowdown in Europe and US.

Stocks that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.

Chalet Hotels, incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 7321.44 Crore) operating in Tourism & Hospitality sector.

The cloud business is under the spotlight again following the viral success of chatbot ChatGPT, which answers general questions in plain language using artificial intelligence. The bot is a creation of startup OpenAI, in which Microsoft is investing heavily and which requires intense cloud computing services.

The exact cost of the fallout from the glitch is unclear, but the cost to brokers and retail traders is likely to be in the eight-figure range, according to a person at a major brokerage who spoke on condition of anonymity because the matter is sensitive.