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The Nifty Pharma index was trading 0.46 per cent down at 12270.7.

OIL earned USD 88.33 for every barrel of crude oil it produced and sold in the third quarter of the current fiscal, up from USD 78.59 a barrel realisation in the year-ago period

Given all these uncertainties where the market has decided to put in its money is the IT sector, wherein we clearly are seeing despite the talks and visible pressures of growth, initially visible pressures of margin because of increasing employee costs which now seems to be subsiding, the market is focusing on that. Market is also focusing on the banking sector which is showing good numbers.

"There is no clear direction in the market. There are both negative and positive signs. The rise in the dollar index to 103.7 and the hardening of bond yields are unfavourable for emerging market equity," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

The board of the Securities and Exchange Board of India (SEBI) is scheduled to meet Finance Minister Nirmala Sitharaman on Feb. 15, the sources said, speaking on condition of anonymity as they are not allowed to speak to the media.

Promoters held 39.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 21.3 per cent, DIIs 26.73 per cent.

While the stocks of new-age tech cos are yet to come out of the woods, analysts are turning bullish in some of them in the backdrop of an improvement in earnings and their ability to move towards positive profitability.

Morgan Stanley maintained its overweight stance on Policy Bazaar with a target price of Rs 705. “The company reported a good set of numbers for Q3. It is among the preferred plays in the insurance sector,” said the note.

Voltas, incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 27777.77 Crore) operating in Consumer Durables sector.

The stock which is part of the S&P BSE Sensex rose more than 1% in a week, and over 7% in a month. On a 3-month basis, the IT stock has risen more than 10%. In terms of price action, the stock price is trading above most of the crucial short and long-term moving averages such as 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.