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On a month-on-month basis, exports expanded by 7.4% in November, while imports retreated 1.4%, helping narrow the trade deficit, Barclays Bank said in a note.

On the technical charts, the RSI of the stock stood at 40.23.

Indian Oil Corporation, incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 110145.66 Crore) operating in Gas & Petroleum sector.

Promoters held 74.99 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 8.59 per cent and 6.33 per cent, respectively.

A total of 578,447 shares changed hands on the counter till time (IST).

Total AUM for the MF industry also increased 2.2% MoM to Rs 40.4 lakh crore in November 2022, led by a MoM increase in AUM for equity, other ETFs and liquid funds (Data Source: Motilal Oswal).

The heavy volumes suggest that the bulk deal was majorly executed but ETmarkets.com independently could not verify the same. Furthermore, the details of buyers could not be ascertained.

“Overall, given the valuations, the interest rate paradigm next year should be similar to this year, in terms of a single digit return expectation. It will all depend on sector allocations and specific stocks. This year, if you were in the right stocks, you did very well. If you were in the wrong ones, you did quite badly. A similar thing should repeat next year.”

The year 2017 was the best year for domestic equities after 2009, as India was among the three emerging markets which gained more than 35% in dollar terms. This sharp rally was on the back of a flood of money poured in by domestic investors that outstripped foreign fund flows.

Promoters held 24.9 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.05 per cent, DIIs 2.71 per cent.