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Hero Motocorp with this product has showcased its technological capabilities are strong, said Nomura. "We believe that the EV market may be more fragmented than ICE with more products possible at different price points for different use cases."

"We have chosen the pure play part which is more on Manyavar and Vedant Fashions. In other consumption plays, we have Varun Beverages, Tata Consumer and Jubilant Food. There is a lot of consumption plays already in the portfolio in various strategies. Raymond we like but because it is a combination of real estate and apparel, we are not clear what we are banking on, although we are very gung-ho about real estate. "

The Nifty Pharma index closed 0.1 per cent up at 12839.35.

“China may prove to be a genuine bit of a black swan for the first time in a long time because the Chinese leadership is doing things that one would not normally expect of them to, at least along the lines of how China has behaved in the last 40 years.”

Gold prices in the national capital fell by Rs 20 to Rs 51,155 per 10 grams on Wednesday, according to HDFC Securities. In the previous trade, the precious metal had closed at Rs 51,175 per 10 grams.Silver also declined by Rs 473 to Rs 58,169 per kg from Rs 58,642 per kg.

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Despite the rally, its shares have dropped 10 per cent in the last one month and the stock has tumbled 25 per cent so far in 2022

According to the regulatory guidelines, listed companies are required to furnish their shareholding pattern to the stock exchanges at the end of each quarter.The entity in the previous quarter ended June held 5 lakh shares or 1.26 per cent stake in Andhra Paper.

A total of 27,732 shares changed hands on the counter till time (IST).

The packaging company on Tuesday informed the exchanges that it will hold a board meeting on October 22 to consider the proposal of bonus share issuance