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Share buyback through the open market is favourable for companies, but not for shareholders. A company keeps buying its shares from the open market at the market price

"It is very tough to see where production increase for ONGC will come from. I do not think they have any such oilfield or new discoveries which will actually lead to a production growth of as much as 4% to 5% because 4% to 5% increase is quite substantial. If they are actually able to achieve it, then I think the stock should be going much higher but I would be extremely sceptical."

The Nifty Realty index closed 1.33 per cent up at 410.95.

“I am still not really a convert in the case of new age tech stocks. I am still not recommending buying any of these names. Somebody reducing the losses at EBITDA level and things like that does not really mean much. Once you are listed in the public space, one has to see these ratios and the key one is PE multiple.”

"The participation was from across investor categories, LIC (Life Insurance Corp) being one of the largest ones, along with other insurance companies, provident funds, banks, mutual funds and pension trusts," VS Rangan, executive director at HDFC told Reuters.

India first imposed windfall profit tax on July 1, joining a growing number of nations that tax profits of energy companies. At that time, export duties of Rs 6 per litre (USD 12 per barrel) each were levied on petrol and ATF, and Rs 13 a litre (USD 26 a barrel) on diesel

The second is the domestic steel demand, which remains robust at this point and is also reflected in the consistent feedback from Indian steel companies in earnings calls. Thirdly, with the removal of export taxes, the export market has opened up, a positive for steel companies

So far this year, Reliance Industries has underperformed the benchmark, trading 5.28% lower on a year-to-date basis. Meanwhile, benchmark Nifty is down 0.54% in the same period. On Thursday, the stock is trading marginally higher at Rs 2,436.90 apiece on the NSE

Adani Group has a consolidated gross debt of Rs 2.3 lakh crore and net debt of Rs 2 lakh crore, spread across group companies as of September 22. The top companies by net debt levels are Adani Green Energy, Adani Ports, Adani Power and Adani Transmission with Rs 30,000 crore - Rs 40,000 crore in net debt

“MFIs is a wonderful space right now because there have been multiple factors playing out in the MFI space. There have been regulation changes over the last couple of years and now with the new regulations coming in where the spread that they actually had will be higher NIMs. ”