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The record low levels of the domestic currency and intense FII outflows are capping the upside in the market. Further, lacklustre India Inc earnings are keeping sentiments in check.

Being a high beta index, it generally gives better returns than the Nifty50 when we are in a bull market. In a bear market, it tends to fall more than the benchmark.

In December 2021, the regulator had directed Gole to refund an amount of Rs 5.74 crore collected from the investors with an interest of 15 per cent per annum till the actual day of payment to the investors.

"If you think we are in a recession or are going into a recession, that does not necessarily ... work to the advantage of value stocks," said Chuck Carlson, chief executive at Horizon Investment Services.

“The 16,000 mark is crucial not just from a sentimental or psychological point of view. It is also a very crucial support level as it is the 50-day DMA (daily moving average) of Nifty. The long-term and the medium-term outlook of the market would be positive till the time it is above 16,000. A breach below that level would give bearish signals,” Kranthi Bathini of WealthMills Securities told ETMarkets.

The psychologically important level was breached in the over-the-counter and derivative markets on Thursday, but spot trades on the rupee reflect the combined impact of robust North Block-Mint Road coordination and expectations of 5G-linked fund inflows, dealers said.

"Despite the weak earnings, we expect the stock to be supported given the upcoming open offer. Clarity on synergies from the acquisition and capacity expansion are key for further rerating," said CLSA, which has maintained an underperform rating with a target price of Rs 2,300.

Such approval shall be valid in respect of all offers and invitations for such NCDs to be made in one or more series / tranches, within 12 months from the date of passing of Special Resolution, it stated. The company will issue NCDs on on a private placement basis to identified investor classes.

Consumer prices in June showed the highest annual growth rate since 1981, raising chances that the Fed could raise its key fed funds target rate by 100 basis points, steeper than the 75 basis point hike previously expected.

St. Louis Fed President James Bullard, among the chief advocates of quicker and larger rate increases, said the "hot" inflation reading for June warrants pushing the target federal funds rate to a range of between 3.75% and 4.00% by the end of this year, a half percentage point higher than his prior year-end aim.