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The stock formed a long bullish candle along with incremental volume activity and promising reversal formation near the 20-Day SMA (Simple Moving Average), indicating further upside from current levels.

The S&P BSE Sensex recouped losses in the previous trading session and closed in the green for the fifth consecutive day on Thursday. Nifty50 closed above 17550 levels.

Other than quarterly results, Garware Technical shall consider the buyback of shares. Vodafone Idea’s board will meet for a preferential share issue. Hardwyn’s board will meet for amalgamation.

"While we expect the volatility in the markets to continue in the near term as the US Fed continues its rate hikes, we believe that inflationary pressures should start easing off in H2CY2023 which will allow central banks to cut rates which will be positive for the markets. In such a scenario we will advise investors to use any near-term volatility in the markets to increase exposure to equities. We expect the markets to start on a new uptrend in CY2023 once inflation levels come down."

“In the long run, I am pretty sure that India will become one of the larger manufacturing hubs; segments where there is pessimism today are export-oriented spaces like pharma or specialty chemicals which were in favour a year to year and a half years back. But a lot of the valuations have corrected and most of these plays are down in the last one year. That is probably where the attractiveness is. ”

“Maruti is finding a good base at Rs 8,300. We have seen multiple corrections below this support point for Maruti. We might see the stock rising higher or at least getting back into the thick of the rally once the auto stocks manage to rise again. Rs 9,750 could be a potential target range for Maruti in that timeframe.”

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 73872.29 Crore) operating in Financial Services sector.

The company said its internal forecast estimates that revenue for the fourth quarter, which includes the holiday season when advertisers ramp up activity, will be flat from the previous year. The ability to forecast future quarters remains challenging, Snap said.

To see why, start with what the brokerage HDFC Securities is calling the “changing contours of monetary transmission” in India. In March 2020, less than 10% of floating-rate rupee loans were priced off an external benchmark such as the RBI’s repurchase rate. By June this year, that figure had jumped to 47%. Taking advantage of rising interest rates, lenders have frequently reset loan prices.

Shares of other companies that sell digital advertising also dropped, with Meta Platforms down over 4%, Alphabet down 2.7% and Pinterest losing nearly 8%. All together the sell-off in late trading erased over $50 billion in stock market value from internet ad companies.