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A total of 1,758 shares changed hands on the counter till 10:36AM (IST).

Industrials is anything to do in power ancillaries, industrials is anything to do in railways, so things like that. So, they should do well because government is spending a lot. The capex cycle has just started and in both cases, whether it is railways or whether it is power, the requirement can be huge for a country like India going forward and that is the reason why that space could be interesting.

The near-term may be challenging for the IT sector, but the value stock is still leading the market, says Rahul Shah, VP-Equity Advisory, MOFSL. He expects the BFSI space, auto and engineering to continue to do well, while cement and real estate firms have shown strong demand. Q4 could see some consolidation, but as it kicks off, stocks should perform well, Shah added.

Yes the cuisine is different but the appetite still remains the same. In fact the appetite probably is higher and because of that I do see a repeat of 2003 to 2008 that could happen in the markets. And yes as far as China is concerned I think India can replace China. What happened between 2003 to 2008 in China, maybe India will drive it this time

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The Nifty Bank index was trading 0.16 per cent up at 41432.4.

BPCL, according to estimates by brokerage Motilal Oswal (MOSL), could report a 201% surge in March quarter net profit to Rs 7,190 crore for the March quarter. Key monitorables will be the product prices of the company, with Brent coming down from 3QFY23 levels, said the brokerage.

The brokerage expect net sales to increase by 7% sequentially on account of improvement in utilization levels of gas plants leading to higher generation.

As of 31-Dec-2022, promoters held 48.76 per cent stake in the company, while FIIs held 22.32 per cent and domestic institutional investors had 7.5 per cent.

The Relative Strength Index of the stock stood at 60.1 on Wednesday.