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It is hard to be aggressive with any positioning until we hear from Powell on Friday. A slower global growth environment is not going away anytime soon and now we are clearly seeing broader signs of weakness for the US economy, said Edward Moya, Senior Market Analyst, The Americas OANDA.

The company currently holds a 100 per cent stake in Paisabazaar and it will invest Rs 250 crore in the subsidiary during FY22-23 to meet its general operating expenses and enhance brand awareness, office presence and strategic initiatives.

“Rakesh Jhunjhunwala invested in Nazara in early 2018 and I still remember meeting him in his conference room. It was a fanboy moment for me because he was the Sachin Tendulkar of the stock market in that sense. His focus always was, be clear on your strategic focus and dominate whichever space you operate in. ”

Promoters held 29.33 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 48.48 per cent and 7.64 per cent, respectively.

Novartis rose 0.8% after saying it would spin off Sandoz and list the biosimilars unit on the Swiss stock exchange to create the No.1 European generics company and a more focused parent group.

A total of 15,322 shares changed hands on the counter till 01:24PM (IST)

Vikas Lifecare engages in the trading of various chemical compounds, polymers, PVC resins, plastic granules, and products related to the plastic industry in India. It operates through Real Estate, Trading- Polymers, Trading-Cashew Nuts, and manufacturing divisions.

As of 30-Jun-2022, promoters held 59.45 per cent stake in the company, while FIIs held 23.1 per cent and domestic institutional investors had 4.21 per cent.

The renewable piece has had strong performance on top-line growth through limited contribution to the bottom-line, it said adding that a more permanent fix for the disputed compensation for Mundra could be a key catalyst for the stock in the near-term — though Street has been disappointed on the same in the past.

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