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The benchmark indices closed with gains for the fifth session in the last six days as investors discounted the impact of the Omicron variant and preferred to buy shares at low levels. The Advance-Decline ratio was very favourable as investors sought to accumulate high-quality midcap names across sectors, including tyres and textile exporters. The 30-share pack Senex advanced 477.24 points or 0.83 per cent to close at 57,897.48. Its broader peer NSE Nifty added 147 points or 0.86 per cent to 17,233.25.

Sebi has placed new limits on the amount of shares existing shareholders of a company without a track record intending to IPO can sell under offer for sale.

Shares of healthcare stocks – pharma companies and diagnostic companies – jumped in trade today as the government got into battle mode to stem the spread of the Omicron variant.

Mazhar Mohammad of Chartviewindia.in said that clearing of the 20-Day EMA hurdle makes him believe that the index is heading towards its critical resistance point of 17,350 level where the 50-day EMA is present.

“Our business model is completely derisked and the company has very strong fundamentals. Whatever percentage of growth we have seen in the last three-four years should continue going forward.”

For anchor investors, there will be a change in the lock-in period of the shares bought by them in the anchor issue of an IPO.

The partially convertible rupee strengthened well past the 75 per dollar-mark, settling at 74.65 as against 74.9950 at previous close. During the course of the day, the Indian currency, which had opened at 74.91, moved in a band of 74.6050-74.94 against the greenback.

“In the first six months, we are over the target of 15-20% on the top line and 30-40% on the bottom line, but we have maintained a little bit of conservatism because we were not sure if there would be a third wave and how it will impact consumer demand as well as supply.”

The pan-European STOXX 600 rose 0.3% as of 0822 GMT after adding 0.6% in the previous session to notch a more than one-month high.

After a few years of super-normal debt market returns (2015-2018), and now one of the best two-year period in a long time for equity markets (2020-2021), it is time to understand what lies in store for us and how can one get the most risk-adjusted returns while handling the market conditions in the best possible way — which in high probability will not be easy.