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Our digitization driven by Chairman Shetty’s vision uniquely makes us the global market leader as well as the tech disruptor in our industry. This provides us robust growth momentum, which will help us maintain strong performance and as economic revival begins starting next year, we expect to witness growth in volumes.

​​Auto space underperforming the most. Broader markets have also remained under pressure, and despite Nifty managing to afloat near highs, mid-cap and small-cap indices moved to their monthly lows. Going ahead, we expect Nifty to respect 18000 levels and stage a fresh upward move amid broader market recovery.

"Nifty50 tested the monthly pivot resistance near 18,400 levels and witnessed a sideways move in a narrow range holding its short-term 8-day average. The current consolidation at higher levels augurs well for the bulls, and we expect the index to scale an all-time high in the coming weeks. "

Barring Reliance Industries and Hindustan Unilever Limited, rest eight firms, including HDFC Bank, ICICI Bank, State Bank of India and HDFC, made gains in their valuation.

According to an analysis by Motilal Oswal Financial Services, incremental additions of demat accounts have been continuously declining since August. The additions stood at 26 lakh in August, fell to 20 lakh in September and further dropped to 18 lakh in October 2022.

However, going forward, buying by Foreign Portfolio Investors (FPIs) is unlikely to turn very aggressive as high valuations in India are a headwind, said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

In a BSE filing, IEX said, “we wish to inform you that a meeting of the board of directors of the company is scheduled to be held on Friday, November 25, 2022, inter-alia, to consider a proposal for buyback of fully paid-up equity shares of the company.”

“Nykaa can be looked into on booking profits at higher levels. I expect the prices to move up slightly higher because of the deal going through but sans any kind of cash flows coming through, I believe the stock will eventually come off. It is only a bear market rally.”

Upbeat US retail sales data for October and hawkish comments from the Fed officials over the rate hike trajectory dented the market sentiments. Back home, domestic inflation moderated mildly but remained above the RBI’s tolerance level.

“None of us has run a company before and we’d like $100 million by next Tuesday,” Bankman-Fried told David Rubenstein in August about the request. “It was not a very compelling pitch for investors.”