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Ahead of the year 2023, many brokerages, both domestic and global firms have initiated coverage on a number of stocks. The majority of these counters either made their debuts on Dalal Street recently or have been in buzz on the back of news flows.

"Privacy and security have long been a major concern on the internet, and Web 3.0 brings with it the potential for stronger levels of privacy and security. Building trust between users and developers will be key to the successful adoption of Web 3.0. Scalability is the biggest challenge that our industry is currently facing. As more users join the network, the workload will increase, and the current infrastructure may not be able to keep up. Interoperability is another key challenge that Web 3.0 will need to overcome."

On the technical charts, the RSI of the stock stood at 52.51.

An aggressive liquidity tightening by the US Fed saw the rupee crossing the 82 per dollar mark. The weakness is expected to continue, with the rising deficit and capital outflows. We saw a 33% growth in imports, while the exports showed a lacklustre 12% growth this year,” he added.

A total of 523 shares changed hands on the counter till 02:00PM (IST).

The price band for KFin Technologies IPO has been fixed at Rs 347-366 per share.

Bank Nifty weekly option chain shows the highest PE writers active on 43000PE and then, 43500PE over 10 lakh OI shares each. CE maximum exposure lies on 44000CE with over 20 lakh OI shares, fresh additions of calls across 44000/44500CE and 46000CE levels show some stiffness in the index.

Promoters held 0.0 per cent stake in the company as of 30-Sep-2022, while FII and DII ownership stood at 17.35 per cent and 21.19 per cent, respectively.

Money managers do expect the banking pack to remain on the top of the betting list in 2023 as a recovery in the domestic economy will see the sector leading earnings growth for India Inc.

On Friday, telecom and retail stocks led the losses among the major sectors on the STOXX 600. Shares of economically sensitive banks, which have been pummelled in the past week, rose 0.1%.