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A total of 6,466 shares changed hands on the counter till 10:15AM (IST)

"We would also want to see the dollar index holding above the 109.50 mark which is a very strong resistance area for the dollar index. So in case the dollar index manages to sustain above the 109.5 mark, we can see it heading towards the 111 to 112 mark as well. It seems slightly unlikely at the moment but if the energy crisis worsens and if the situation deteriorates, one may see a safe haven in the dollar."

The stock bounced back after hitting a low of Rs 93 on 20 June 2022. It consolidated around Rs 100 levels for the past 2-3 weeks. The stock rallied more than 15 per cent in a month and about 5 per cent in a week.

Cyient Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 8820.04 Crore) operating in IT Software sector.

"IT is a strong buy at these levels from the 3 years point of view. That’s my unequivocal understanding and this view is after considering all negatives on global macro, geopolitical situation, and the US Fed hikes etc. The Nifty earnings for FY23 are likely to see a 10-12 per cent growth over FY22. IT, Autos, BFSI, and Industrials are likely to fare well in terms of earnings growth. Commodities, Energy are likely to be laggards."

“At times people take investing too seriously, life too seriously and the best way to add colour to it and make it more fun filled is to basically ensure your portfolio is positioned into businesses which make life very interesting and entertaining. Apart from technology, Indians are going to consume much more of all these things going forward and therefore these businesses seem to be really well placed and well poised for India’s long term growth potential.”

The ECB raised interest rates by a bigger-than-expected 50 basis points to zero percent overnight, its first hike in 11 years and ending a policy of negative interest rates that had been in place since 2014.

“L&T was like ITC. Despite good news, good orders, decent execution, debt under control, interest cost moderating, it was still not performing. It has started performing now. Even at these prices it is cheap. The peak was around Rs 2,200 some months back. At around Rs 1800, it is 20% off the peak and so I would not be surprised if it eventually reaches its earlier peak in the next one year.”

Experts say some India long-only FIIs have been cherry-picking stocks to take advantage of the recent correction in high-quality names. No wonder Sensex has jumped over 1,900 points this week. Domestic institutional investors, who have been supporting the market from a bigger downfall, are now taking a break by booking profits.

All top crypto tokens were trading higher during the early hours on Friday. Polygon zoomed 12 per cent, while Avalanche and Solana gained 8 per cent each. Ethereum and BNB added 5 per cent each.