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Globally, gold was trading 0.24 per cent higher at USD 1,927.70 per ounce in New York.

“The result season starts early next week and we will see a continued demand momentum on the Indian IT services pack, more so the midcaps. We expect them to grow faster than the larger cap names and that is broadly a reflection of the overall demand strength we are seeing globally in terms of IT services.”

The stock traded at a P/E multiple of 34.38, while the price-to-book value ratio stood at 2.6.

Taki is built on the Solana Blockchain - with support from the Solana Foundation - which allows Taki to provide fast and inexpensive transactions with low environmental impact, and making it accessible to communities at a global scale.

“If I look at the longer term charts for India, we are clearly still in a strong bull market phase but every bull market does have a period of cyclical consolidation and that is what we are going through currently. So both Nifty and the Sensex still have some way to go in trending phases and yes, I do think ultimately the bull market in India will take the Sensex above that 100,000 mark.”

The S&P/ASX 200 index closed 0.63% lower at 7442.8 points, extending losses for the second straight session.

"Historically, rising inflation leads to lower consumption. It affects most of the sectors in terms of revenues and margins. Metal companies and the energy sector may do better in the short run. IT, logistics and consumer sectors may be less affected. Also, market leaders with strong brand and customer stickiness may be less affected during this inflationary phase as they may be able to pass on the rise in input cost to its clients."

The pan-European STOXX 600 index rose 0.5% after losing 1.5% in the previous session. Defensives led the sectoral gains, with healthcare jumping 1.4% to a record.

The Relative Strength Index of the stock stood at 83.13 on Thursday.

A total of 49,646 shares changed hands on the counter till time (IST).