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The continent-wide STOXX 600 was down 0.1%, hovering near one-week lows.Miners and banks led losses, while energy stocks rose 0.4% as crude prices held steady.The euro zone inflation outlook has failed to improve since the 50 basis point rate hike in July, ECB board member Isabel Schnabel said, suggesting she favours another big interest rate increase next month.

The stock quoted a 52-week high price of Rs 2379.0 and low of Rs 1513.3.

Starting in mid-June, the S&P 500 is up 17%, erasing about half of its bear market plunge. Leuthold then looked at past rallies that broke out in bear markets, some of which fizzled and some of which became new bulls, at roughly the same point in their evolution.

“When one looks at thematic investing, it is very important to catch some of the themes early and as any theme grows and unfolds, the investors get the advantage of carrying on with the growth of that theme. That is the rationale behind getting into funds allowing EV and AI based investing themes.”

"Oil has been a saving grace no doubt in the recent past. The key trigger is the direction of oil prices - as our sensitivity to this commodity is among the highest," Iyer said.India is due to sell bonds worth 330 billion rupees ($4.14 billion) on Friday which includes 130 billion rupees of a new 10-year bond that will replace the existing benchmark note in coming weeks.

Data showed mutual funds cut stakes in 29 of 50 index constituents, with JSW Steel, Wipro, Bajaj Auto and Tata Steel among stocks on their sell radars. HDFC Life Insurance, Tata Motors, Maruti Suzuki, UPL and ONGC were, on the other hand, stocks where they bought additional stakes during the month.

“There is still no clarity in terms of how soon we are going to see improvement in terms of earnings. At the same time, most people believe that FY24 earnings may not get impacted to a large extent even after what was witnessed in June quarter or what is likely to happen in the September quarter going ahead. After a bit of consolidation, the market may start looking at FY24 rather than worrying too much about FY23 earnings.”

The stock traded at a P/E multiple of 72.56, while the price-to-book value ratio stood at 2.85.

Bharat Electronics Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 71440.91 Crore) operating in Defence sector.

The Relative Strength Index of the stock stood at 69.07 on Thursday.