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"As of now, the resistances are gradually shifting higher. Earlier, the hurdles were near to 18,442 and are shifting even lower to the 18,350-18,300 zone. With this setup, we suggest selling on any bounce with resistance at 18,300. We are expecting this index to go down below 18,000 and test the next support of 17,950."

Automaker shares rebounded strongly after the yen showed signs of stabilizing, and the real estate sector rallied as long-term bond yields also calmed down after steep climbs.

On the technical charts, the RSI of the stock stood at 26.89.

The Nifty Auto index was trading 1.11 per cent down at 12554.4.

As of 30-Sep-2022, promoters held 0.0 per cent stake in the company, while FIIs held 37.27 per cent and domestic institutional investors had 32.58 per cent.

The company’s unique selling proposition is provision of an exclusive range of reasonably priced fashion apparel, making it a destination of choice.

Financial markets may have integrated the bulk of the future hikes, but the level of the Federal Reserve’s terminal rate and quantitative tightening (rolling down the bonds in the books of the Fed) will be critical for the markets. Consequently, this sets markets up for higher volatility.

Indian companies have a very dominant market share given our low cost manufacturing base in India so I think on a broad basis most of the companies will see a very healthy profit recovery.

According to various reports, India is emerging as one of the fastest growing web3 nations in the world, hosting about 500 startups in the ecosystems, trying to harness the potential of the technology.

Stylam Industries, incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 1872.00 Crore) operating in Building Materials sector.