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Go Digit Insurance IPO opens today and closes on May 17. The IPO includes a fresh equity issue of Rs 1,125 crore and an offer for sale of up to 5.47 crore shares. Virat Kohli and Anushka Sharma will retain their investments.

Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.

Aadhar Housing Finance debuts on BSE at Rs 314.3 post a successful IPO. Leading in low-income housing finance, it has highest AUM, faces market volatility challenges, and raised funds for future lending needs through fresh equity issue and OFS post DHFL Vysya merger.

The dollar index was down 0.1% at 104.9, while most Asian currencies rose. The offshore Chinese yuan was up nearly 0.2%, while the Philippine peso was up 0.4%, leading gains.

Gold futures on MCX traded flat ahead of US inflation data, with June contracts inching up 0.09% to Rs 72,365/10 grams. Meanwhile, MCX Silver July contracts rose 0.18% to Rs 85,569/kg. The expected moderation in US inflation may hint at potential Federal Reserve rate cuts, supporting gold prices.

A total of 44,610 shares changed hands on the counter till 10:20AM (IST).

Parag Rao, Country Head of Payments Business at HDFC Bank, highlights growth opportunities in the credit card space with the digital ecosystem of HDFC Bank Virtual Credit Card, targeting Gen Z and millennial customers for digital empowerment.

The stock traded at a P/E multiple of 52.88, while the price-to-book value ratio stood at 6.63.

Mutual funds bought and sold smallcap stocks in April, with key additions in Sterlite Technologies, SBFC Finance, and Shilpa Medicare. They also bought shares in Nirlon and Gokaldas Exports while reducing holdings in VST Industries, Marksans Pharma, Route Mobile, MTAR Technologies, and Vesuvius India.

On the technical charts, the RSI of the stock stood at 51.72.