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“The Nifty has been outperforming the markets between February and May and that outperformance might be coming to an end and there could be a slight reversal of roles. S&P might hold up the May lows but go close to it. Nifty might break it and go slightly below. I am anticipating a slight role reversal at the moment.”

The protection segment for life insurers is expected to continue to pick pace as supply-side issues subside and non-par and annuity segments are likely to witness strong growth. "We note that up to FY22, the private sector has been gaining market share, likely driven by attractive product offerings, while LIC has mostly focused on selling par products," it added.

“I think there are different macro and micro aspects playing out. Inflation is obviously high in all the markets, commodity prices are soaring. From a manufacturing perspective, it has impacted different sectors differently depending on the price elasticity of the segment. From an IT perspective, we have been seeing supply side pressures for almost 12 to 18 months. That continues reflecting demand because post Covid, the demand has expanded from IT perspective.”

In the international market, gold was quoting lower at USD 1,846 per ounce and silver was trading flat at USD 21.69 per ounce.

The transaction volumes at centralised and decentralised exchanges are closely correlated with market performance. But with the recent market slump, the amount sent to both exchange types declined.The balance first shifted away from centralised to decentralised exchanges in September 2020, when centralised exchanges supported below 50 per cent of on-chain volume for the first time.

The stock quoted a 52-week high of Rs 770.05 and a 52-week low of Rs 469.75.

A total of 23,800 shares changed hands on the counter till 02:10PM (IST).

“The entire demand for mortgages and home loans in the country is robust and there is a good runway for growth for this segment and we believe that this capital infusion will help us to grow our loan book, help us to expand our branch network and also make investments in technology and also help us to reduce debt and improve our leverage ratios, says R Venkataraman.”

“Stanley Druckenmiller who is a genuine hero in the investing world with 30% per annum returns over 30 years and his own net worth being more than $10 billion. Look at the flexibility that all these guys have in doing whatever they want, we just get prisoners of our image.”

The stock quoted a 52-week high price of Rs 1356.9 and low of Rs 923.5.