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From the Sensex pack, Tech Mahindra was the top gainer, rising nearly 9%. HCL Tech, TCS, Tata Steel, Wipro, ICICI Bank and Reliance also opened higher. On the other hand, IndusInd Bank, Titan, Nestle and NTPC opened lower.

State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 491032.14 Crore).

Yes, we may see inflows improving in debt mutual funds as we expect yields to stabilise after the sharp up move last year. The returns may also improve with yields stabilising, offering a higher accrual to investors as we approach the last phase of the rate hiking cycle in India and globally.

Despite the sharp fall, the daily momentum indicator still has a positive crossover, suggesting that this dip should be bought into. Until Nifty breaches, this range decisively on either side the range bound action is likely to continue, and we might see sector rotation and stock specific action,"

The stock has formed a higher base above 100 day’s EMA and subsequently witnessed a faster pace of retracement wherein it retraced the preceding 10 week’s decline in just four weeks, highlighting the robust price structure.

Over the last five financial years, the cap on sugar exports has varied. In 2018-19, 2019-20, 2020-21 and 2021-22, sugar companies were allowed to export 3.8 million tonnes, 5.9 million tonnes, 7 million tonnes and 11 million tonnes, respectively.

The stock quoted a 52-week high of Rs 5015.45 and a 52-week low of Rs 3365.9.

Adani stocks have been on a winning spree since last week as positive headlines dominated conversations around the Ahmedabad-based airport-to-apples conglomerate which has been under tremendous scrutiny since the release of a scathing report by Hindenburg Research.

Promoters held 51.14 per cent stake in the company as of 31-Dec-2022, while FIIs owned 17.34 per cent, DIIs 24.96 per cent.

The Nifty Bank index was trading 0.06 per cent up at 40510.95.