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On the technical charts, the RSI of the stock stood at 34.11.

A total of 7,332 shares changed hands on the counter till 11:37AM (IST)

"Post Covid, the one big difference that we have seen is in the balance sheet structure of companies wherein the larger share is of equity versus debt for their growth plans. Many new age businesses are maturing and India is standing out on all parameters. So, I am optimistic about the primary market in 2023."

Buy Indo Count Industries Ltd. at a price target of Rs 164.0 .

The BSE Sensex was trading 154 points or 0.25% higher at 61,665. Nifty50 was trading at 18,314, up 47 points or 0.26% at around 9.17 am.

The global cryptocurrency market cap was trading higher around $836.97 billion, rising as much as 2% in the last 24 hours. However, the total trading volume was trading flat, just marginally above $62.21 billion.

Indian markets opened higher on Thursday tracking positive global cues. The S&P BSE Sensex rose more than 100 points while Nifty50 reclaimed 18,300 levels.

As of 30-Sep-2022, promoters held 29.33 per cent stake in the company, while FIIs held 0.0 per cent and domestic institutional investors had 8.82 per cent.

“There is margin pressure and that would result in sector rotation. Some sectors would relatively stand out and some would come under pressure. So on an aggregate, we do not sometimes get the clear picture but net-net, we have to be bottom up and look for sector rotation or where things are changing; but broadly, valuation is not the issue.”

​Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.