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The Nifty Realty index was trading 0.04 per cent down at 420.75.

"In the past, bearish sessions at the beginning of the week have lasted long enough to reach the weekend, so there may be an opportunity for planned averaging except for bitcoin which could turn bullish due to its sudden and significant difficulty increase in its mining network," he added.

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PI Industries Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 45089.87 Crore) operating in Pesticides/Agro Chemicals sector.

Tata Power shares drop 0.55% as Sensex rises

Updated at : 2022-10-12 11:20:01

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The stock quoted a 52-week high of Rs 298.0 and a 52-week low of Rs 189.85.

“As is always the case, TCS will comfortably outpace global IT spending. TCS’ business is well sorted,” said Kotak Equities, who believes that the company is likely to gain in the vendor consolidation exercise.

"Over the next decade or so, India is likely to gain in dominance relative to China, when it comes to a number of sectors such as chemicals, pharmaceuticals, steel, and so on. Over a period of time, small and midcaps will continue to outperform their large-cap peers even on a risk-adjusted basis. If one can pick the right kind of businesses to back, a lot of these are likely to become largecaps over the next 3-5-7 years."

At 9.18 am, the BSE Sensex was trading 144 points or 0.25 per cent lower at 57,291. Nifty50 was trading at 17,027, down 44 points or 0.26 per cent.

“The IMF predicted that India’s current account deficit will be 3.5% and that is way over the danger mark of 3% and well above what the RBI predicts. RBI has been predicting that the current account deficit will be within manageable proportions. I think that is a particular note of worry even though our growth at 6.8% does not look too bad compared to other countries.”

Life Insurance Corporation of India, incorporated in the year 1956, is a Small Cap company (having a market cap of Rs 391833.61 Crore) operating in Financial Services sector.

With global supply chains continuing to face disruption and many global players facing raw material challenges, FOIL is beneficiary of strong procurement and inventory of raw material helping it meet customer requirements though at elevated prices, the brokerage said.

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