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The stock quoted a 52-week high of Rs 115.63 and a 52-week low of Rs 83.0.

On the weekly options front, the maximum Call OI is placed at 17,800 and then towards 18,000 strikes while the maximum Put OI is placed at 17,500 and then towards 17,600 strikes.

IDFC First Bank, incorporated in the year 2014, is a banking company (having a market cap of Rs 35642.70 Crore).

Promoters held 58.42 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 27.41 per cent and 2.61 per cent, respectively.

The Nifty Pharma index was trading 0.56 per cent down at 11742.0.

The Relative Strength Index of the stock stood at 37.75 on Wednesday.

Commodity and currency expert Anuj Gupta said that the pressure is likely to sustain on bullion in the near term. Gupta, who is Vice President (VP), Commodity and Currency Research at IIFL Securities said that Dollar Index (DXY) could strengthen from here which will dampen the appeal of gold and silver.

The company posted decent earnings on account of stable demand, better realisations and cost management. The management expects soda ash demand to rise, with supply tightening in the upcoming quarters leading to better realisations.

NCC, incorporated in the year 1990, is a Mid Cap company (having a market cap of Rs 5876.64 Crore) operating in Construction sector.

The pharma stock hit a fresh 52-week high of Rs 482.20 on 8th February 2023 but it failed to hold on to the momentum. It started descending in a channel formation and bounced back after taking support above the 20-DMA on the daily charts.