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Gold futures on MCX were trading flat, with mild gains of 0.07% or Rs 39 at Rs 55,110 per 10 grams. Silver futures ticked up by 0.03% or Rs 20 at Rs 69,729 per kg.

"Most Indian investors do not have a good core international portfolio available and that could be a great place to start. Talking specifically about technology, last two years have been very different. 2022 behaved differently from 2021 and saw the start of almost 350 to 275 bps rise in interest rates. Mmost of the contraction is happening globally and there is a global risk-off environment. "

“I believe that with the entry of new players, the market will further deepen, coupled with the fact that India is a growth story for the world itself. As the incomes are rising, the premium will go further up. Everybody has a space to play and to benefit from this market which is expanding very fast.”

In the Sensex pack, Bharti Airtel, Sun Pharma, ICICI Bank and Tata Steel were the top gainers, rising about 1%. HCL Tech, Infosys, M&M, Bajaj Finance and Tech Mahindra also opened with gains. On the other hand, NTPC, Axis Bank, L&T and Nestle opened with cuts.

However, given the sturdy FCF generation in the hospital and offline pharmacy segments, APHS’ fundamentals stay strong even without the fund raise.

Promoters held 63.22 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 24.03 per cent and 3.78 per cent, respectively.

After reporting a high double-digit growth in the operating profit for two consecutive quarters, RIL’s mainstay oil-to-chemicals (O2C) business reported a 6% decline in the September quarter, weighed down by the additional cess.

UML is primarily engaged in the manufacture and sale of steel wires, strands, wire ropes, cords, related accessories, etc. It is also involved in the sale of other products such as wire drawing and allied machines.

Nifty has outperformed with gains of around nearly 5% so far in the calendar year 2022. So far in CY22, banks, auto, energy and metal stocks have led the rally. Analysts say Indian equities are likely to display the same rhythm in CY23.

The stock quoted a 52-week high price of Rs 54262.3 and low of Rs 37806.6.