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A day before listing, shares of eMudhra were exchanging hands at a marginal discount in the grey market, signaling towards the muted or at par listing of the company. eMudhra raised Rs 412.79 crore through its primary offering. The issue ran between May 20-24 and the company sold its shares in the range of Rs 243-256 apiece with a lot size of 58 shares.

A total of 62,830 shares changed hands on the counter till 10:15AM (IST).

Gold futures on MCX were trading lower by 0.46 per cent or Rs 236 at Rs 50,611 per 10 grams. However, silver futures dropped 0.50 per cent or Rs 308 to Rs 60,817 per kg.

The dominant factor determining the market trend, globally, will be inflation and how far central banks, particularly the Fed, will go in hiking rates to contain inflation," said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Oil And Natural Gas Corporation Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 191723.46 Crore) operating in Gas & Petroleum sector.

The contract is for the supply of ASTRA MK-I Beyond Visual Range (BVR) air to air missile and associates equipment to the Indian Air Force & Indian Navy.Bharat Dynamics’ scrip rose to a high of Rs 836.10 as against Rs 783.75 at the previous close on the BSE.

Markets are pricing in rate hikes in June from the UK, U.S., Sweden, Australia and Canada," said Societe Generale analyst Kit Juckes."The more the markets focus on the inflation data and central bank action, the more likely it is that we have a bumpy start to the summer in risk sentiment and a strong one for the dollar

Shares of IIFL Wealth Management and Advani Hotels & Resorts will go ex-dividend today. While IIFL Wealth had announced an interim dividend of Rs 20 per share, Advani Hotels had announced an interim dividend of Rs 1.4 per share.

Sectorally, selling pressure was seen in power, utilities, banks, oil & gas, and finance stocks while some buying was seen in realty, metals, and consumer discretionary counters.Stocks that were in focus included Adani Power which fell by about 5 per cent

The medium-term outlook for Indian markets remains positive. Earnings growth is strong and diversified across sectors. The economy is set to continue its revival in FY23, despite global headwinds and tightening rates. We remain constructive from a medium-term perspective. We are positive on IT, manufacturing, automotive, chemicals and pharma and high contact sectors like retail and hospitality.