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While the Sensex was up over 600 points, Nifty crossed the 15,900 mark. Market experts say the global factors at this stage are more important than the domestic factors in driving the stock market higher.

As of 31-Mar-2022, promoters held 41.94 per cent stake in the company, while FIIs held 31.87 per cent and domestic institutional investors had 11.86 per cent.

Goel, who represents the promoter group in Dish TV, could get only 21.05 per vote in favour of his reappointment for three more years, a regulatory filing by the DTH operator, updating disclosure of voting results of EGM, showed. A total of 128.54 crore votes were polled in the EGM, which was held on Friday through video conferencing and other audio-visual means.

“Sectors like capital goods; autos, especially four wheelers will be the preferred sectors for me. I believe that these sectors will continue to outperform and investors should keep on allocating in these stocks. This year, the earnings growth could be very strong and that is where people should start focusing.”

This, analysts said, was impressive, considering Zomato operates in 1,000 cities versus 15 for Blinkit. Also, Blinkit’s average order value stands at Rs 509, which is 28 per cent higher than Zomato. That said, the company is losing Rs 84 per order.

As of 31-Mar-2022, promoters held 62.55 per cent stake in the company, while FIIs held 12.2 per cent and domestic institutional investors had 7.43 per cent.

Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 52860.03 Crore) operating in Services sector.

The stock quoted a 52-week high price of Rs 2577.45 and low of Rs 1919.5.

"Nifty is likely to contest with a layer of resistance near 15863 (i.e. high of large bearish candle formed on June 16); and hence price action near this zone needs to be closely watched out. A decisive breakthrough above for the same is essential to unlock upside potential till 16200."

At the interbank foreign exchange, the rupee opened sharply up at 78.24 against the US dollar, then inched lower to quote 78.27, registering a gain of 6 paise over the last close. In the previous session, the rupee had closed at its all-time low of 78.33 against the US dollar.