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The Relative Strength Index of the stock stood at 49.63 on Wednesday.

Companies such as Welspun Living and Aurobindo Pharma have already announced share buybacks, while AIA Engineering, Savita Oil Technologies, and Cera Sanitaryware are scheduled to hold board meetings to consider similar actions.

A total of 4,554 shares changed hands on the counter till 12:02PM (IST)

The Securities and Exchange Board of India (SEBI) on Tuesday evening proposed raising the minimum trading amount for index options by over three times, reducing the number of contracts expiring each week and hiking margins. Shares of Angel One, 5Paisa Capital, SMC Global Securities, Motilal Oswal, Geojit Financial, Dolat Algotech and IIFL Securities fell between 1%-5%.

​But I think that the market has priced that and the much bigger interesting questions are for 2025 because you have two possible candidates with very different likely reaction function with the US economy and their policies and their impact on inflation would be very different.

A total of 103,788 shares changed hands on the counter till 10:15AM (IST).

Ajay Bagga explained that reducing F&O market volumes would increase genuine hedging costs and complexity, thereby reducing volumes and making markets shallower. Small traders might shift to penny stocks, while some may engage in risky dabba trading. SEBI aims to curtail retail activity in F&O trades, but this may temporarily impact market depth and liquidity.

On Wednesday, the rupee gained 2 paise to reach 83.71 against the dollar due to a slight dip in the greenback overseas. Brent crude futures rose by 1.49%. The BSE Sensex initially spiked over 200 points before settling. Foreign institutional investors sold shares totaling Rs 5,598.64 crore on Tuesday.

Gold and silver future contracts saw price increases amid expectations of U.S. rate cuts. Gold futures hit Rs 69,500 per 10 gram, while silver traded at Rs 83,361/kg. Analysts suggest consolidation and potential declines in gold prices, advising traders to remain cautious.

So, on the measures what SEBI has proposed to be implemented, of course, the volumes will get reduced to large extent coupling with the recent hike in the STT by the government in the recent budget. It will have an impact surely on the volumes and ultimately in the revenue of the brokerage firms.