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“Hopefully India will be able to deal with inflation without having to resort to as sharp an increase in rates as is happening in certain western countries. The scale of the Indian market is huge. The domestic market holds us in better shape than many others and Europe is very badly affected in many ways. The US also has its own issues although they are relatively better off.”

"Domestic market Gold price got support from weaker rupee. Comex Gold prices are trading in the green zone in the Asian trading hours," said Dilip Parmar, Research Analyst at HDFC Securities.

The local currency this week was bogged down by hawkish rate hikes from the U.S. Federal Reserve and the European Central Bank. Both raised rates by 50 basis points (bps), along expected lines, but the accompanying statement and comments were seen hawkish relative to expectations.

Ahead of the year 2023, many brokerages, both domestic and global firms have initiated coverage on a number of stocks. The majority of these counters either made their debuts on Dalal Street recently or have been in buzz on the back of news flows.

"Privacy and security have long been a major concern on the internet, and Web 3.0 brings with it the potential for stronger levels of privacy and security. Building trust between users and developers will be key to the successful adoption of Web 3.0. Scalability is the biggest challenge that our industry is currently facing. As more users join the network, the workload will increase, and the current infrastructure may not be able to keep up. Interoperability is another key challenge that Web 3.0 will need to overcome."

On the technical charts, the RSI of the stock stood at 52.51.

An aggressive liquidity tightening by the US Fed saw the rupee crossing the 82 per dollar mark. The weakness is expected to continue, with the rising deficit and capital outflows. We saw a 33% growth in imports, while the exports showed a lacklustre 12% growth this year,” he added.

A total of 523 shares changed hands on the counter till 02:00PM (IST).

The price band for KFin Technologies IPO has been fixed at Rs 347-366 per share.

Bank Nifty weekly option chain shows the highest PE writers active on 43000PE and then, 43500PE over 10 lakh OI shares each. CE maximum exposure lies on 44000CE with over 20 lakh OI shares, fresh additions of calls across 44000/44500CE and 46000CE levels show some stiffness in the index.