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“From 2016 till 2022, for six years when the onslaught of disruption and fintech was the highest, our yield or ARPU per customer was absolutely steady. Our yields are almost 22 bps while people do zero broking. Our ARPU per customer is almost Rs 32,000 while people do Rs 5,000-6,000.”

"Recent differential in performance (between large- and small-caps) is the outcome of the potential earnings upgrades in the banking sector, predominantly large caps. We continue to see the banking sector doing well," he said.

“Maruti is slow in EV but it is not that they are going to be completely absent. But our sense is that it is a market leader and also there is the scarcity factor. Besides Maruti, we have M&M which has already rallied, while Tata Motors is still struggling with the issues on the JLR front. We are bullish on Maruti and expect to see good double digit growth for the next two years.”

The benchmark Nikkei 225 index dipped 0.35 percent, or 97.73 points, to 27,930.57, but the broader Topix index edged up 0.15 percent, or 2.99 points, to end at 1,966.28.

Indian IPOs raised a record $18 billion in 2021 on government efforts to foster startups combined with easy-money policy and a surge in retail trading during the pandemic. But investors have since dumped high-profile tech shares, even as the broader Indian stock market has outperformed global peers and scaled new peaks.

The EGM will consider an ordinary resolution of the appointment of an independent forensic auditor for conducting a forensic audit to investigate and verify the expenses incurred by KBL on legal, professional consultancy charges over the past six years and the affairs of the company. The investigation would verify all records, books of accounts, minutes books, and other documents of the company.

“We wish to inform you that Thierry Bolloré, Non-Executive Non-Independent Director of Tata Motors has tendered his resignation w.e.f. December 31, 2022,” Tata Motors said in a BSE filing.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 21910.41 Crore) operating in Gas & Petroleum sector.

Global brokerage firm Morgan Stanley have shared its view on a number of stocks including Tata Motors, Tata Elxsi and Oberoi Realty. Another foregin broker has initiated its coverage on Home First Finance with a ‘buy’ tag.

The dollar index edged up 0.2% after data on Wednesday showed U.S. retail sales rose more than expected in October, signalling the economy remained strong and that the Fed would have to keep hiking rates.