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A total of 749,619 shares changed hands on the counter till 11:04AM (IST).

The Nifty Bank index was trading 0.17 per cent at 50003.65.

The rally was driven by data showing U.S. consumer inflation increased to 2.6% in October, up from 2.4% in September, meeting market expectations. This supports the likelihood of a potential 25-basis-point rate cut next month, with market odds rising from 59% to 83%.

The stock traded at a P/E multiple of 33.67, while the price-to-book value ratio stood at 5.13.

The US dollar is gaining strength. This is impacting commodity prices. Gold and oil prices are expected to fall. The US dollar index is at a crucial level. If it crosses this level, the dollar will strengthen further. Oil production in the US is also high. This will keep oil prices stable.

As of 30-Sep-2024, promoters held 50.26 per cent stake in the company, while FIIs held 18.29 per cent and domestic institutional investors had 9.8 per cent.

Niva Bupa shares debuted at Rs 78.5 on the BSE, a 6.1% premium over the issue price, and at Rs 78.1 on the NSE, slightly exceeding expectations. Supported by strong retail investor demand, Niva Bupa Healthcare’s IPO successfully closed on the final day of bidding.

As of 30-Sep-2024, promoters held 38.12 per cent stake in the company, while FIIs held 27.43 per cent and domestic institutional investors had 13.89 per cent.

​At the same time, there are questions about tariffs and questions about immigration. Both of them are inflationary. So, there are concerns that the Fed may not be able to take down neutral rate to three.

The Relative Strength Index of the stock stood at 35.1 on Thursday.