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MRF shares gain 1.23% as Sensex rises

Updated at : 2022-08-25 12:20:02

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A total of 190 shares changed hands on the counter till 11:37AM (IST)

“We built up a position in ICICI Lombard. We had a smaller position last year. It has been ramped up significantly over the last six months. A lot of stuff is happening in IRDA which is very encouraging for high quality multiline insurance companies like ICICI Lombard. We hope to make more money from it in the years ahead.”

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The resilience of the Indian market even amidst global volatility can be attributed mainly to two factors: One, the strong growth momentum in the economy and two, the steady FII flows even when the Dollar has been appreciating.

The global cryptocurrency market cap was trading at the $1.04 trillion mark, rising about 2 per cent in the last 24 hours. However, the total trading volume dropped more than 7 per cent close to $65.46 billion.

The stock has recently made a higher bottom formation pattern on the daily chart taking support near the Rs 990 zone and given a decent pullback with improving bias moving past the significant 50 EMA level of Rs 1,002.67, Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher, said.

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A total of 68,554 shares changed hands on the counter till 10:20AM (IST)

The highest new OI addition was seen at 18,000 for Calls and 17,000 for Puts in weekly and at 18,000 for Calls and 17,000 for Puts in monthly contracts. Bulls regained control of D-Street after a mild selloff seen earlier this week. A retest of 17,800-17,900 levels is on the cards, suggest experts.

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Ashoka Buildcon Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2217.71 Crore) operating in Infrastructure sector.

The Nifty Pharma index was trading 0.27 per cent down at 12610.45.

Gold demand in India improved last week as domestic prices dropped to a more than two-week low, while volumes were sombre in other Asian centres. In the spot market, the highest purity gold was sold at Rs 51,630 per 10 grams while silver was priced at Rs 55,224 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

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