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JPMorgan was the owner of the nine invalidated contracts, according to people familiar with the matter. The bank registered the bags of material as being deliverable against LME contracts in early 2022, said the people, who asked not to be identified discussing private information.

The earnings of OMCs have been under pressure for the past few quarters following the Russia-Ukraine war to high energy prices resulting in steep losses. The recovery was strong in the latest third quarter, led by robust refining and marketing margins.

"With instability in the banking sector, inflation data that exceeded expectations, and renewed optimism about a dovish Federal Reserve, Bitcoin has reached levels unseen in approximately nine months," Edul added.

The stock is trading at just 5% above its conservative valuation based on a nearly 3-year-old deal value for Reliance Jio and Reliance Retail, a 15% discount to the announced Aramco deal value for its O2C business, and nil value for the new energy business, CLSA said in its report.

A total of 11,097 shares changed hands on the counter till 12:14PM (IST)

Krishna Institute of Medical Sciences, incorporated in the year 1973, is a Small Cap company (having a market cap of Rs 10705.32 Crore) operating in Hospitals & Allied Services sector.

As of 31-Dec-2022, promoters held 0.0 per cent stake in the company, while FIIs held 6.74 per cent and domestic institutional investors had 3.33 per cent.

The market is not bad, but it is on a holding pattern. The Fed is expected to raise rates, but it is not clear if they will just kick the can down the road or actually do something. There is a lot of talk about a contagion effect, but so far it has not happened in the US. There are some underlying issues that need to be watched closely, but so far they have not caused any problems.

The stock market is very challenging at the moment, but if someone is willing to look at a one year time horizon, they can find good opportunities in the construction infrastructure space. Larsen & Toubro is a good example of a company that is going to benefit from this market trend. Other companies that are worth watching include Mahindra and Mahindra, JLR, and Mahindra Electric Vehicles.

BofA cut its year-end target for the Nifty 50 by 8.3% to 18,000 points, expecting the index to be volatile and trade between 16,000 and 18,000 levels for the year.