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The stock quoted a 52-week high price of Rs 848.0 and low of Rs 595.85.

“Not only have new demat account openings come down, we are at two-year lows in terms of trading volumes on the exchanges. Markets are volatile and the very active intraday traders who trade on Futures and Options, still have opportunities to trade. But investing is down 20-30% for someone like us who added a lot of accounts. On the overall exchange level, those drawdowns are more. We are almost at two to two-and-a-half year lows in terms of equity trading volumes as well.”

On the technical charts, the 200-day moving average of the stock stood at Rs 874.48.

Bajaj Auto Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 111782.48 Crore) operating in Auto sector.

The stock quoted a 52-week high price of Rs 7595.25 and a 52-week low of Rs 3733.25.

On the technical charts, the RSI of the stock stood at 65.03.

“Even in terms of the agrarian theme, I would look at a much broader canvas. Once agrarian demand starts picking up, the rub off in terms of demand flows down very quickly to cities and to the entire country. Whether it is consumer staples, paint companies or two wheelers, it can result in much broadbased impact as far as the entire economy is concerned.”

A total of 10,453 shares changed hands on the counter till 11:37AM (IST)

Under the Swiss Challenge method of procurement, a candidate makes a proposal for a project, which is put to seek more proposals. Once these are received, the original candidate is allowed to match the best bid.

Indian market bounced back on Wednesday tracking positive global cues. The S&P BSE Sensex rallied more than 200 points while the Nifty50 reclaimed 16,100 levels in the first 15 minutes of trade.