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“Starting from now till say the next six months, there is a good chance to build a fixed income portfolio also because I do not think you will see these kinds of good yields after say six to nine months because then interest rates will start coming down. So if you want to do some tactical adjustments, it is a good time to look at fixed income.”

“The situation is dire in China. This might impact market sentiments. Moreover, there are no near-term triggers to take the market higher. The next round of triggers will come only in January, starting with the Infosys and HCL Tech results on 12th Jan,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

To curb inflation, the Securities and Exchange Board of India (Sebi) on December 2021 prohibited exchanges from launching new derivative contracts of Soyabean, mustard seeds, channa, wheat, paddy, moong and crude palm oil. These directions were applicable for one year.

Besides, the brokerage expects JSPL to be net cash company in FY25.

Narayana Hrudayalaya, incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 15467.05 Crore) operating in Hospitals & Allied Services sector.

On the technical charts, the 200-day moving average of the stock stood at Rs 4770.67.

Top crypto tokens were trading mixed. Bitcoin moved towards $17,000 level. Ethereum regained the $1,200 mark and topped the gainers with a 2% rise. Whereas, Dogecoin fell 1%. The change in the prices was capped.

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At the interbank foreign exchange, the domestic unit opened weak at 82.76 against the dollar, then inched higher to 82.75, registering a decline of 5 paise over its last close.

Promoters held 69.09 per cent stake in the company as of 30-Sep-2022, while FIIs owned 2.4 per cent, DIIs 0.76 per cent.