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Stocks that were in focus include BHEL which rose nearly 8 per cent in a volatile market, Bank of Baroda which hit a fresh 52-week high, and Karur Vysya Bank which rose nearly 5 per cent.

"While some of the earlier feared risks of very high crude oil prices, a sharper depreciation in the rupee and therefore a persistently high inflation, are now receding, the risk of earnings downgrades from the present consensus Nifty 50 earnings estimates of 14% (already cut from 15-16% a few months ago) for the 2 years of Fy22-24, to further lower levels of 12-13% or so continues to exist."

“It was tremendous to see new age tech companies making commitments to make money because if all you do as a listed entity is raise money, then obviously the future will be quite grim. We will keep an eye on them and I am praying that we see these tech companies becoming money spinners both in the free cash flow sense of the word and in the stock price sense of the word.”

ICICI Prudential Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 84696.54 Crore) operating in Financial Services sector.

The shares were disposed of at an average price of Rs 1,841.14 apiece, taking the transaction value to Rs 74.59 crore.

Telehealth services providers rose after Amazon shut down its in-house telemedicine service for employees. Teladoc gained 3.8%.

"ErisX was founded with the mission of bringing transparent, well-regulated markets for digital assets and we are excited to further accelerate on this vision with growing support from our partner firms," said Cboe Chief Executive Officer Ed Tilly.

The housing financier will seek approval from its shareholders on the capital raise plan in the upcoming annual general meeting on September 23, 2022.The company said whether the funds will be moped-up in one or more tranches will depend upon the requirement, time of issue as well as market conditions

After opening with healthy gains, the 30-share pack Sensex slipped into the red, falling 710 points from the day’s high to end 311 points lower at 58,774.72. Its broader peer, Nifty50, fell 82.50 points to end the August series at 17,522.45.

“Smaller companies are more volatile but they give a lot of euphoria also. We are interested in the younger companies. The old ones are not bad but if you can live through the volatility of the smallcap market, that is the place for sizzle, excitement and a lot of money.”