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“Remember very clearly that the employee does not contribute to the pension part, only the employer does and the entire part of the employee’s contribution goes to the provident fund part. Now the pension part is important because this is the area where if you are eligible, then at the time of your retirement, you will start getting a pension based on the working of the EPS.”

In the September quarter of FY23, prompted by a fall in shares, promoters of 11 BSE500 firms -- Uno Minda, Infosys, Birlasoft, GMM Pfaudler, Bajaj Auto, NCC, Vardhman Textiles, Jindal Steel & Power, Strides Pharma Science, JM Financial and VIP Industries -- raised stakes between 1-3%.

American private equity firm TPG Capital is likely to have sold shares in two block trades at Rs 184.55 per share, according to reports. In the two deals, 1.9% of Nykaa equity is said to have changed hands.

The Nifty IT index was trading 0.49 per cent down at 29536.0.

Abbott India Ltd., incorporated in the year 1944, is a Large Cap company (having a market cap of Rs 41423.28 Crore) operating in Pharmaceuticals sector.

If the stock manages to close above the same, then we can expect an uptrend rally towards 4500-4600. On the flip side, trading below 3850 may increase further weakness till 3700.

Global brokerage firm CLSA, BofA and Citigroup shared their views on a number of stocks and sectors, including ICICI Bank, public sector lenders and consumer staples.

"When global markets are in a slowdown, sharp and consistent FII inflows may not be seen. We will be driven more by domestic flows. Thus, markets can remain elevated and can witness more time correction after a brief period of the surge which we are seeing currently. Investors can use the recent declines in the US markets by buying in S&P ETFs and individual stocks. "

“Typically this is the muted period globally for equity markets entering into December where markets do not tend to move too much. The results were average with earnings growth slightly lagging what most people were expecting. The overall scenario where people are unable to take a big directional view is getting reflected in the markets overall.”

KNR Constructions Ltd. key Products/Revenue Segments include Income From Contracts and Other Operating Revenue for the year ending 31-Mar-2022.