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Despite weakness in the broader markets, the largest domestic company rallied 2 per cent to Rs 2,827.10 apiece, its new all-time high.

Nomura said companies whose earnings could disappoint the least were Torrent Pharma, Gland Pharma, Zydus Lifesciences and Dr Lal Pathlabs.

“We have not really been able to get insides into the cash flow about the business model of many of the companies and most importantly, why should there be such a high valuations for the companies in the utility space or in the consumer space when you already have incumbent players doing equally good and quoting at a 30-40% discount?”

Harrisons Malayalam Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 353.97 Crore) operating in Rubber sector.

The speciality paediatrics chain is eying to raise Rs 1,580.85 crore via its initial stake sale wherein the company is selling its shares in the range of Rs Rs 516-542 apiece.

The stock had listed at a near 6 per cent discount to its IPO price of Rs 848.80 in December last year and is currently down 32 per cent from the issue price. Rakesh Jhunjhunwala and his wife Rekha together hold 10,07,53,935 company shares or a 17.50 per cent stake in the company.

A total of 3,035 shares changed hands on the counter till 12:02PM (IST)

Gateway Distriparks (GDL) continued to impress with an industry leading rail container volume growth (16% YoY growth for Q4FY22; 34% YoY growth for FY22).

"The market is likely to remain volatile this week as traders roll over their positions in the F&O segment from the April series to the May series. The next batch of Q4 results and management commentary, global stock market trends, and the movement of rupee and crude oil prices are likely to assess market sentiments in the near future," said Mitul Shah of Reliance Securities.

The spot prices of gold has dropped below Rs 52,000 per 10 grams for the first time in more than two weeks, whereas silver has remained below Rs 66,000 mark for more than a month now.