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"Japanese companies are actually doing well in their earnings results thanks to a boon from the cheaper yen, which is discouraging investors from selling too much", Horiuchi said.

“In the next one or two quarters, we will see a good momentum coming back into some of the midcap and smallcap companies. Cement is seeing some sort of a revival in momentum as is the whole host of companies in the capital goods space. These are the spaces where the overall growth momentum will continue and we will definitely be positive on these names from a medium to long-term perspective.”

The headline indices have moved above the previous swing high, say market analysts. They believe select stocks are ready to deliver solid returns in the near term.

“The approved ANDA is therapeutically equivalent to the reference listed drug product (RLD), Apriso Extended-Release Capsules, 0.375 g, of Salix Pharmaceuticals, Inc. (Salix). Mesalamine Extended-Release Capsules are indicated for the maintenance of remission of ulcerative colitis in adults,” the company said in a BSE filing.

According to the data on the exchange, the shares were sold at Rs 891.38 each, higher than the floor price of Rs 888 set by the PE firm

For the half year ended September, the net profit stood at Rs 525.5 crore, which is also an all-time high, the bank said in a press release. The business turnover of the Bank has touched a new high of Rs 1,41,505.87 crore as of September 30.

“We have a headwind on currency of 30 basis points because of the regional mix. We achieved an operational improvement of 70 basis points in the quarter. This is on the back of wage increases that we do cyclically in this part of the year. It is a big jump from a quarter to quarter perspective.”

Even though the broader markets underperformed headline indices in October, some of the microcaps with m-cap of up to Rs 200 crore have rallied to deliver multibagger returns in the month.

According to the data from BSE, investors made bids for 4,83,680 equity shares or only 2% compared to the 2,13,75,525 equity shares offered for the subscription by 11.30 am.

On November 17 last year, a day before the stock was listed amid much fanfare, Paytm had 127 foreign portfolio investors owning 6.71 crore shares of the company, representing 10.37% of the shareholders. The latest September shareholding pattern shows that FPIs have sold 44% of their holding and now own only about 3.74 crore shares.