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“There is a big theme playing out here. Not only has the real estate cycle improved, but even the home improvement or a home refurbishment theme, which lied low for the last couple of years has come out. Our second theme – a bit contra – is insurance. We have been very bullish on insurance. ”

Firstsource Solutions Ltd., incorporated in the year 2001, is a Mid Cap company (having a market cap of Rs 7562.35 Crore) operating in IT Enabled Services sector.

A total of 4,310 shares changed hands on the counter till 11:52AM (IST).

The Relative Strength Index of the stock stood at 36.58 on Thursday.

“April was the month when maximum adjustment happened between retail prices in India and global crude oil prices and that would be another factor likely to push inflation closer to 7.5%. Core including petrol and diesel is likely to be at around 6.8%, up from 6.3% in the previous month.”

None of the tokens was trading in the green during the early hours on Thursday. Bitcoin plunged 8 per cent whereas Ethereum dropped 13 per cent. And the pain in altcoins was more intense.

The stock formed a ‘head and shoulder’ pattern on the weekly charts and is on the verge of a fresh breakdown below the neckline of the pattern formation.

On May 9, the rupee had settled at a record closing low of 77.4650/$1. On Thursday, the domestic unit moved in a band of 77.3260-77.5930/$1.

Data showed BSE m-cap fell by Rs 5.16 lakh crore to Rs 241.15 lakh crore from Rs 246.31 lakh crore in the previous session. The BSE m-cap on April 11 stood at Rs 275.17 lakh crore.

The Relative Strength Index of the stock stood at 39.82 on Thursday.