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Option data suggests a shift in lower broader trading range in between 16,600 to 17,500 zones while an immediate trading range in between 16,800 to 17,200 zones.

"I would like to channelise our efforts to win more deals, execute them better and deliver the numbers that you wanted me to fill in. That is the crux of the work and that is where the fun is."

In the previous trade, the yellow metal had settled at Rs 51,448 per 10 grams.Silver also tumbled by Rs 1,071 to Rs 58,652 per kilogram from Rs 59,723 per kg.In the international market, gold was quoting lower at USD 1,664.3 per ounce while silver was down at USD 19.34 per ounce.

As per the latest shareholding pattern released for the quarter ended September 2022, Kacholia held 1,03,666 equity shares in the company, equivalent to 1.04 per cent stake.At 1:26 pm, shares of Megastar Foods were locked at 5 per cent upper circuit at Rs 205 per share on BSE.

According to reports, about 1.4 per cent equity shares of the bank exchanged hands in the seven large block deals. However, ETMarkets.com independently could not verify the deals.Heavy trading volumes on exchanges do suggest that bulk deals were executed but details of buyers and sellers could not be ascertained at the time of writing this report.

"Rupee traded in a narrow range after hitting fresh all-time lows against the US dollar. Dollar has been gaining momentum in the past few sessions following better-than-expected non farm payrolls numbers from the US," said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.

"I would say urban discretionary spending has fared well but the moment you go into a semi-urban mix and rural mix, that is where brands continue to face challenges."

“The Board has approved the sub-division/split of each existing equity share of face value of Rs 10 into 5 equity shares of face value of Rs 2 fully paid-up and matters related thereto subject to the shareholders and others approvals as may be required," said the financial services firm in an exchange filing.

The first share buyback or share repurchase of Rs 13,000 crore was announced in December 2017 through the tender offer route. For the offer, the buyback price was kept at Rs 1,150 per share.Subsequently, the cash-rich IT company announced Rs 8,260 crore share buyback in 2019 through the open market route. The buyback price for the same was fixed at Rs 747.38 apiece.

It cannot remain too isolated for too long if global markets are correcting. But definitely, we have the strength supported by GDP and export growth. I do not see markets going down below 15,700.