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The stock quoted a 52-week high price of Rs 2849.0 and a 52-week low of Rs 1973.15.

The global cryptocurrency market cap was trading lower at the $1.08 trillion mark, dropping as much as 4 per cent in the last 24 hours. However, the total trading volume plunged almost 8 per cent, close to $68.63 billion.

"A major positive for India is that FIIs, who were relentless sellers from October 2021 to June 2022, have turned buyers in July and the buying momentum continues in August with net buying of Rs13,801 crore till 8th August. FIIs have turned buyers mainly because the dollar has stopped appreciating and started depreciating. (Dollar index has declined from above 109 to 106)," Vijayakumar said.

“An attempt to regroup and aim for 17,750 could unfold if early weaknesses are held above 17,380 or if 17,570 gets broken right away. Inability to do so should call for fall to at least 17,220 before buying interest trickles in,” Anand James - Chief Market Strategist at Geojit Financial Services, said.

"With both the dollar index and bond yields holding steady, gold prices will face some headwinds in the near term," he added. "That said, the long-term up-move remains very much on the cards."

Promoters held 29.3 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 49.97 per cent and 6.42 per cent, respectively.

Fortis Healthcare Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 20319.70 Crore) operating in Hospitals & Allied Services sector.

“The recent resilience of the market is mainly due to favorable cues from US markets and FIIs turning buyers in India. However, markets are unlikely to move towards all-time highs since the global economic environment continues to be unfavorable and valuations are getting stretched,” said Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

"More than the headline CPI (consumer price index), which will most likely cool off, the key will be the core inflation," dealer at a foreign bank said. "Core inflation needs to surprise on the downside to provide relief for the rupee."

The stock traded at a P/E multiple of 60.32, while the price-to-book value ratio stood at 11.55.