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On the technical charts, the RSI of the stock stood at 47.34.

The stock quoted a 52-week high price of Rs 372.0 and a 52-week low of Rs 200.5.

After tanking 879 points on Thursday, Sensex lost another 400 points on Friday morning and is set to end the week on a negative note. The impact, however, has been more stern in global markets with S&P 500 falling 2.5% overnight. Stock markets in both Japan and Taiwan were trading over 1% lower today.

BofA Securities maintained a buy rating on HDFC Bank with a target price of Rs 1900. The private sector lender is well-positioned to deliver ahead of market expectations, said the global brokerage.

“I have a good seat on the table and therefore I am able to see the effect of digitalisation and technology and policy maybe a few years in advance. I am seeing that the prospects for India have improved as it is moving into this healthy balance sheets and digitalisation.”

First it was FSN E-Commerce Ventures Pvt., the owner of beauty e-retailer Nykaa, which announced a bonus share issue to coincide with the expiry of an IPO lockup on key investors in November that risked extending the stock’s slump.

Gold futures on MCX were trading mildly lower by 0.09% or Rs 50 at Rs 54,057 per 10 grams. Silver futures tanked 0.36% or Rs 244 at Rs 67,574 per kg.

Currently, the stock is trading above its mean+1*sigma levels where the brokerage expects it to witness fresh buying interest on dips. The brokerage expect it to cross its life-time highs.

Promoters held 42.42 per cent stake in the company as of 30-Sep-2022, while FIIs owned 19.07 per cent, DIIs 18.2 per cent.

The Nifty Auto index was trading 1.29 per cent down at 12746.6.