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​So, we are constructive on the real estate space. So far, the luxury segment has done well but we believe that with broad-based growth, pickup in manufacturing, wider job creation, we think that now the affordable real estate space or the mid-income real estate space is also expected to play a catch-up to what the premium or the luxury end has been doing.

Laurus Labs is set to increase its stake in Immunoadoptive Cell Therapy (lmmunoACT) by 7.24% for $10.6m, taking its total stake in the company to 33.86%. The advanced cell and gene therapy company plans to use the funds to fast-track the development of its candidate HCAR-19 and expand its gene manufacturing capacities. The deal will also see some promoters and senior management of Laurus Labs acquire a 0.54% stake for $540,000. Shares of Laurus Labs rose 4.4% to reach INR345 ($4.61) in intraday trade following the announcement.

​But at the same time, we are seeing some silver landing as there is some reduction in the fuel pricing. So we expect that at least some relief is there. But the industry definitely needs some price increase.

Indian LED lighting solutions manufacturer, IKIO Lighting, has set a price band of INR 270 to INR 285 for its initial public offering (IPO), which opens for subscription on June 6 and is available until June 8. The IPO comprises a fresh equity issue of up to INR 350 crore and an offer for sale of up to nine million shares. 50% of the offer has been reserved for qualified institutional buyers, 35% for retail investors, and 15% for non-institutional investors.

​So I think midcap and small cap stocks are likely to see the positive momentum. And in heavyweights selective counter from FMCG, auto, banks, defence would likely to see the positive setup. While index may stuck in a range where declines could be bought with support of 18400-18442 marks.

As of 31-Mar-2023, promoters held 38.14 per cent stake in the company, while FIIs held 19.43 per cent and domestic institutional investors had 8.32 per cent.

Cryptocurrency markets were lower on Thursday amid concerns over the US debt ceiling. Bitcoin fell 1.4% to $26,790, while Ethereum hovered above the $1,850 level. Analysts predict a choppy crypto market in the coming weeks if the decision on the debt ceiling bill remains unclear. The global cryptocurrency market cap fell 0.79% in the last 24 hours to around $1.13tn. The market cap for Bitcoin stood at approximately $519bn with a dominance of 46.05%, according to CoinMarketCap. Technical analysis suggests Bitcoin is showing a slightly bearish trend.

The Indian government’s offer for sale (OFS) of Coal India shares was fully subscribed in under four hours of trading on Thursday. The government received bids for 8.56 crore shares, against the 8.31 crore shares on offer for institutional investors. Retail investors may still invest in the OFS on Friday, with 10% of the offer reserved for them. Although the OFS has provided an opportunity for arbitrage, shares in Coal India lost almost 5% of their value on Thursday, falling to INR229.85 ($3.49).

We are a little bit concerned about what is happening globally. But net-net, if commodity prices continues to fall, India will see even further upside from here onward in the second half.

A total of 1,650 shares changed hands on the counter till 02:14PM (IST)