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The Nifty Realty index was trading 0.86 per cent down at 444.5.

KST measures price momentum for four different price cycles, combining into a single momentum oscillator. ADX is used to quantify the strength of the trend, and demand index indicator suggests a firm buying interest in the stock.

“People’s return expectations from financials from here on should be moderate and people should stick to the larger banks. It is premature to say this because the balance sheets have been improving constantly in terms of NPAs, GNPAs and net NPAs. But historically, whenever interest rates move up – 2-3% in a short period of time, we see a re-emergence of NPAs again.”

The benchmark Brent crude contract slipped below $90 per barrel on Thursday for the first time in a month. The movement in oil prices has a direct impact on local inflation as India is one of the largest importers of the commodity.

Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 242236.86 Crore) operating in Pharmaceuticals sector.

“A lot of people do what we lawyers call pump and dump schemes which is to say that this x stock is doing great and then you buy in advance of making such recommendations and then sell it after you made the recommendations. It has gained epidemic proportions right now.”

Indian domestic equity markets opened on a positive note on Friday tracking firm global cues and buoyant global markets .The S&P BSE Sensex and Nifty50 settled lower in the previous session.

“There are no major global or domestic triggers that can move the markets decisively as of now. Therefore, the market is likely to meander around the current levels. 18,400 for Nifty is acting as a resistance level. For Nifty to move up to and beyond record highs some strong triggers are necessary and that is not happening,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

"Stock investors are different from cricketers, actors and musicians. Passion remains the driving force in other disciplines like cricket, acting and music, but the lure to make big money is the first and immediate driving force for investors. But passion comes after an investor has learnt to get it right."

In the previous session on Thursday, the rupee depreciated 38 paise to 81.64 against the dollar.