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"We had the majority of new drivers come in organically ... There is a tailwind as more and more people are enjoying this supplemental income," Lyft President John Zimmer said in an interview with Reuters.

Stocks that were in focus include Deepak Fertilisers which rose 5 per cent, Adani Total Gas which hit a fresh 52-week high and closed with gains of over 2 per cent, and Adani Power which closed with gains of nearly 2 per cent.

Shares of Add-Shop E-Retail and KCL Infra Projects will turn ex-rights today. Add-Shop E-Retail had announced a rights issue of 1 share for every 1 share held, offered at Rs 54 apiece while KCL Infra Projects had announced a rights issue of 9 shares for every 1 share held, offered at Rs 2 apiece.

"The bulk of FII selling has been in stocks where the FII exposure has been relatively high. Though it is difficult to predict FII flows in the short-term, we do expect the bulk of selling to be over now. Consequently, the largecap in banking, IT services and specific stocks like RIL should do better going ahead. The pain in the mid/smalcap could extend for the next 4-6 months ."

“In the first half, we had a nice price correction in the market. We will probably have a time correction now along with some sort of price correction also. We are keeping some cash for this scenario if it works out. But apart from that cash call, we are overweight on stocks that are going to gain from the domestic economic recovery like capital goods, banking and autos. ”

“One can enjoy the joy ride as well as be cautious by keeping some cash on the sidelines and being in the right kind of sectors and exiting out of things which generally go up because the market goes up. Try to be in themes. There will be clear themes like auto, auto ancillaries and capital goods for the next 2-3 years.”

Redington (India) Ltd., incorporated in the year 1961, is a Mid Cap company (having a market cap of Rs 10905.35 Crore) operating in IT - Hardware sector.

In their respective regulatory filings, the three Future group firms informed the exchanges that they have received a letter from Sebi on August 3, 2022, addressed to the Interim Resolution Professional of FRL intimating about the appointment of Choksi & Choksi LLP as a forensic auditor.

Macrotech Developers has acquired the land parcel along with a co-investor company Home Crest Constructions. The deal, for which Lodha has paid stamp duty worth Rs 5.60 crore, was concluded and registered on July 11, showed the documents accessed by ET. Poonawalla Constructions, which had been holding this land parcel for a long time, counts Serum Institute’s Cyrus Poonawalla’s brother Zavareh Poonawalla as a partner.

The yield on 10-year Treasury notes also slipped, reducing the opportunity cost of holding non-interest bearing gold. The Bank of England raised interest rates by the most in 27 years on Thursday in an attempt to smother surging inflation on track to top 13%, even as it warned a long recession is coming