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Cipla Ltd., incorporated in the year 1935, is a Large Cap company (having a market cap of Rs 91652.55 Crore) operating in Pharmaceuticals sector.

"2022 has been a challenging and eventful year for the markets. Higher inflation globally, Ukraine-Russia war, “higher for longer interest rates” narrative are some of the factors that have led to heightened volatility in the markets. However, over the medium to long term, we believe equities as an asset class, tend to deliver returns in line with the earnings growth of the companies."

A total of 16,440 shares changed hands on the counter till 11:21AM (IST)

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

"There is a reasonably high probability that the Nifty and Sensex would make new highs by the next Diwali. I would believe that rising inflationary pressures, both globally and in India would be a thing of the past. Some pockets within the Indian economy that are muted, for instance rural demand, would also see a recovery."

She said such runs of currency are short lived and tend to bounce back quickly as the economic situation stabilises and many believe that the dollar appreciation might be on its last phase.

The Indian market is opened lower on Thursday tracking muted global cues.The S&P BSE Sensex slipeed over 200 points while Nifty50 declined below 17,500 levels in opening trade.We have collated stocks from various experts for traders who have a short-term trading horizon:

“Financials is a segment which has performed very well in the current quarter and should continue to do so going forward as well. Also defence space has a lot of tailwind. Some other individual companies – real estate, downstream real estate companies that are building material companies also have done very well and have beaten expectations on many counts.”

Ambar Protein Industries and IKAB Securities & Investment also rallied 2,636 per cent and 1,847 per cent respectively during the period. Gensol Engineering also rose 1,637 per cent during the same period, the data suggest.

"Operating performance for the quarter ended September was better than its peers. Q2 was largely in line with estimates and the demand outlook is also looking strong," the brokerage said.