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A total of 2,461 shares changed hands on the counter till 11:47AM (IST).

In the stock market, many investors avoid buying higher-priced stocks (higher share price) for fear that they might end up losing more if stocks slipped as these types of stocks require a higher amount of investment even to buy a small quantity.

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

“In terms of segments where demand is considerably strong, we are seeing a slew of product launches which has helped in terms of numbers and recovery in terms of overall growth. In terms of the segments within the auto space, especially on the four-wheeler passenger vehicles segment, inventory levels are fairly low. Incrementally demand remains fairly strong. ”

The Nifty Realty index was trading 1.1 per cent down at 445.1.

"Our product mix remains balanced, with non-par savings at 35%, participating products at 30%, ULIPs at 25%, individual protection at 5% and annuity at 6%, based on individual APE during Q1 FY23. On total APE basis, our non-par savings segment has grown by 29%, protection by 31%, annuities by 39%, par by 23%, and UL by 10%."

Fed chair Jerome Powell, who sounded more hawkish than anticipated, has increased the interest rate forecast to 4.4% by the end of 2022. The indication is that 125 bps more rate hikes can be expected in the remaining two policy meetings scheduled this year.

In line with group level 5S strategy – simplification, synergy, scale, sustainability, and speed – proposed Scheme will simplify group holding structure, improve agility to enable quicker decision making, eliminate administrative duplications, consequently reducing administrative costs of maintaining separate entities, Tata Steel said.

A total of 2,960 shares changed hands on the counter till 10:35AM (IST)

Axis Bank Ltd., incorporated in the year 1993, is a banking company (having a market cap of Rs 242397.43 Crore).