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On the technical charts, the RSI of the stock stood at 57.5.

Also, shares of Can Fin Homes (Rs 1.50 per share), Aptus Value Housing Finance India (Rs 2 per share), Hinduja Global Solutions (Rs 5 per share) and Panchsheel Organics (Re 0.8 per share) will trade ex-dividend next week.

"Indian market will continue to stand out when we compare it to EMs. But, it is very difficult to say whether it will stand out in every week, every month, and every quarter. But, predominantly yes, it will continue to stand out in most of the time frames. India is also likely to continue demanding relatively higher valuations compared to global peers."

“One of the sector to look for multibaggers is the dairy sector and the space for small ticket items which people eat when they are out on the street. Varun Beverages have done really well because of the opening up of the economy in the last one year. Something similar can happen in the dairy sector. We have companies like Hatsun, Dodla, and Heritage which suffered a lot last year. Now demand is coming back in a strong way and the next one year can be reasonably good. ”

“We are in a relatively positive situation despite the fact that markets are at all time highs. The market is meant to be at all-time highs most of the time because this is a growth asset class and as earnings keep growing, the value of the indices will also be high. So, for a longer term investor with at least a three-year plus horizon, this is a good time to invest in the Indian market.”

So far in the calendar year 2022, Nifty has advanced around 9% while Nifty Smallcap 100 index is down around 11%. Both Nifty Junior50 and Nifty Midcap100 have also underperformed the broader index by delivering 4% and 6%, respectively on a year-to-date (YTD) basis.

The shares submitted so far represent more than 31.78% of the 16.8 million shares that the Adani Group has offered to buy under the compulsory open offer. On November 7, the market regulator had granted approval to the ₹492.81 crore open offer for a 26% stake.

Stocks edged lower in Asia after US equities struggled for direction, with traders awaiting a jobs report later Friday for clues on the Federal Reserve’s next policy steps.

The U.S. dollar, which typically trades inversely with oil, edged higher after dipping to 16-week lows against a basket of major currencies following data that showed U.S. consumer spending increased solidly in October.

The latest signs of a strong U.S. economy come after Federal Reserve Chair Jerome Powell said on Wednesday that it was time to slow rate hikes, noting that "slowing down at this point is a good way to balance the risks."