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Overseas investors bought $6.6 billion worth of bonds in India, Indonesia, Malaysia, South Korea and Thailand after withdrawing a net $3.2 billion in the previous month, data from regulatory and bond market associations showed.

During 2017-22, corporate profit growth across sectors bounced back smartly, propelled by tax rate cuts, reduction in the banking sector NPAs and post-pandemic tailwinds after a weak two-year base.

Against the issue price of Rs 357 apiece, shares of Sula Vineyards were listed at Rs 358 on BSE and at Rs 361 on the National Stock Exchange (NSE), making the landing flat for the investors.

“We are one of the largest players on the distribution side where we earn commission from the manufacturers. We are the regular planned mutual fund distributors and we will remain there. Direct plan players were the competitors for us. Now with an execution-only platform coming in, some element of cost will be added in the direct plan and the gap between direct and the regular plan would reduce.”

Silver, other than being a precious metal, has more usage in the industrial sectors and thus, industrial demand also guides its movement. Furthermore, gold also holds influence over silver prices.

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A total of 33,895 shares changed hands on the counter till 02:00PM (IST).

Brokerage firms recently launched their first reports on a number of counters in December. The majority of them remain positive on these stocks and see up to 72% rise in the coming months.

At 11.02 am, the scrip was trading 7.6% lower at Rs 224.6 over its last day’s closing price of Rs 243 apiece. The stock has also fallen nearly 20% in the last six months, while it has plunged about 10% year-to-date.

“The only difference from Nomura’s 2022 call is that in 2023, most likely the inflation issue is something which we are getting a handle on. It has peaked and has started coming off but there are still some lingering issues as to how sticky the inflation is and how the long term expectations pan out.”