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“We are maintaining our positive view on Reliance. The delay in JioPhone Next presents an opportunity to get Reliance stock cheaper by 2-4%. So one can accumulate it.”

In the international market, gold was trading with gains at $1,790 per ounce and silver was flat at $23.66 per ounce.

The Nifty Pharma index closed 0.33 per cent up at 14377.05.

Cantabil Retail India hit upper circuit, whereas Borosil was much in demand after the business booster. Investors booked profits in Vodafone Idea and Future Group stocks.

“When valuations are low, surprises become your friend. So whenever there is an earnings surprise in positive, stock prices move significantly. When valuations are low and there is a negative earnings surprise, the stocks do not fall much because the expectations are generally very low.”

"We are investing keeping a medium to longer term view in mind, because after two years some of that digital adoption would have reached some level of an equilibrium. Then, the next cycle would begin which would be more AI, more intersection between industry and technology, different business and monetisation models."

The offer comprises 51.28 lakh equity shares sold at Rs. 78 per share. The company is planning to raise about Rs. 40 crores which will be used for working capital requirements, according to the prospectus. Gretex Corporate Services is the lead manager to the issue.

Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 20950.71 Crore) operating in Gas & Petroleum sector.

The Topix crossed into positive territory in the final 20 minutes of trading and ended the day up 0.29% at 2,097.71, the highest close since 1990. That extended a scorching three-week, 11% rally.

The S&P/ASX 200 index rose 0.25% to close at 7,425.2 after rising as much as 0.4% earlier, as financial stocks fell amid signs of higher inflation in the US financial markets. The benchmark ended 0.5% higher on Friday.