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I do not know where this inflation boogie is that everyone is so afraid about and Fed has been using. But I do understand why they work in this manner, because if you are sitting at Federal Reserve, your risks are asymmetric.

Nifty, after a weak run in the last four months, bounced back in April with a 4.1% MoM gain. According to Motilal Oswal, largecap stocks can rally up to 30%.

I think the crude correction in the last let us say a week or so has definitely played an important role and one has to reckon that despite the aggressive production cut that some of the OPEC members decided, the crude has really failed to go up and in fact has started correcting which is definitely a good sign from India perspective

Strong logo additions, increasing annuity revenues & GSI opportunity to aidrevenue growth.

For those who are playing a momentum game surely it makes sense to participate because when the stock reaches a certain high level, low floating stock, that is a classic case for momentum players, surely they should participate.

A total of 770 shares changed hands on the counter till 11:08AM (IST).

Gold and silver futures slipped on MCX on Wednesday in line with international bullion prices, despite a weaker dollar index against a basket of six major currencies. Gold futures were trading at $2,038.50 per troy ounce and were down by $4.40 or 0.22%, while silver futures were trading at $25.840 per troy ounce or $0.058 or 0.220%.

Indian IT companies have posted their worst results in 11 quarters, and stocks in tier-one tech firms have dropped up to 21% in the past three months. Weak demand for IT services is squeezing earnings, while there is little expectation of recovery in the first two quarters of the 2023 financial year, resulting in signs of a slowdown. As a result, BofA Securities, despite analysts being slightly overweight on the sector, has issued an underweight on Indian IT stocks with neutral ratings for Infosys and TCS, and predicting that Wipro and Tech Mahindra will underperform.

Motilal Oswal has reiterated a "Buy" rating on Zomato stock, claiming it has found "no evidence" of an adverse impact from the Open Network for Digital Commerce (ONDC) on the food delivery app. BofA Securities has taken a more cautious "Neutral" stance, setting a price target of INR72 ($0.96). Though warning ONDC could become a significant risk if it continues to scale up it may still "serve as a key platform in the food delivery space". In contrast, the high-end users who prefer speedy service on Zomato and Swiggy are not particularly price-sensitive.

Levers for further improvement in return ratio remain unclear with sustained traction to act as a re-rating catalyst.