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“On the upside, 18,000-18,200 could be a little tough to breach. In terms of results, we have seen top line growth in line with expectations in most companies due to inflationary impact but the margins have got impacted and little more than what was expected mainly due to inventory effects.”

“I am not suggesting that the heady days are already over for the dollar. I would not be surprised to see an upward lift sometime in November for the dollar. It is still reigning supreme as king dollar. It is just very volatile across the currency complex at the moment.”

In the international market, gold was quoting lower at USD 1,664 per ounce while silver was down at USD 19.41 per ounce. A stronger rupee and weaker COMEX spot gold prices pushed domestic gold prices lower today," said Dilip Parmar, Research Analyst at HDFC Securities.

Balaji Amines is a multibagger stock with a three-year return of over 800%. Nevertheless, in the last one year, the stock has been a laggard with a negative return of over 22%.

On Wednesday, the Bank of Canada increased rates by 50 bps against 75 bps expected. Earlier this month, the Reserve Bank of Australia dlivered a 25 bps increase versus an estimated 50 bps.

The total volume zoomed close to 200 per cent as Dogecoins worth $2.08 billion exchanged hands in the last 24 hours

Tech companies led the way for the U.S. economy over the past decade and buoyed the stock market during the worst days of the coronavirus pandemic. Now, amid stubborn inflation and rising interest rates, even the biggest giants of Silicon Valley are signaling that tough days may be ahead.

Titan, Axis Bank, Dr Reddy’s Labs, NTPC and M&M also settled higher. However, Bajaj Finance, Bajaj Finserv, Asian Paints, Nestle, Tech Mahindra and Wipro ended the session with cuts.

“The way Apollo has strategised the capital allocation policy and the value which they are creating in digital business is impressive. I would go with that company. Of course, there are other plays as well but when you like a sector, you go for the market leader and that generally works out pretty well.”

The Nifty Auto index closed 0.21 per cent up at 12979.4.