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Gold futures on MCX were trading flat, almost unchanged, up by 0.03 per cent or Rs 16 at Rs 49,191 per 10 grams. However, silver futures were gained decently by 0.45 per cent or Rs 251 at Rs 56,594 per kg.

Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.

The Nifty Auto index was trading 0.27 per cent up at 13327.65.

A total of 4,241 shares changed hands on the counter till 10:51AM (IST)

HDFC Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 117756.54 Crore) operating in Financial Services sector.

Promoters held 27.49 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 16.05 per cent and 6.21 per cent, respectively.

"The performance of the Central Bank of India, currently under the Prompt Corrective Action Framework (PCAF) of RBI, was reviewed by the Board for Financial Supervision. It was noted that as per the assessed figures of the bank for the year ended March 31, 2022, the bank is not in the breach of the PCA parameters," the RBI said in a release.

That follows a sell-off on Wall Street overnight that knocked 1.13% off the S&P 500, although futures pointed to a slightly higher open on Wednesday. The Fed headlines a week in which more than a dozen central banks announce policy decisions, including the Bank of Japan and Bank of England on Thursday.

"Smart money is moving to industrials, auto, consumption, BFSI and capital goods sectors. Our mantra is to invest in high growth with a mix of superior quality for compounding returns. We are very process-oriented in our investment approach with a focus on quantitative factors like high earning growth, high cash flow generation, superior ROE, low debt, and reasonable valuations."

“I am not really very comfortable with the IT pack. Large will be fine, midcap IT I think will have some pressure because they have to define their volumes, their spot in the game. I am lightening up a little bit in IT. I am not being wild about financials, I have kind of missed this rally and do not like the financials and the banks too much. ”