Nifty auto, media, realty, and consumer durables are the top movers in the sectoral space, while metal, PSU bank, and oil and gas are the losers
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Overall demand and supply in Indian stock markets is likely impacted by Sebi's exceedingly tight regulatory regime
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Despite the recovery, experts emphasise that this move does not signify the start of a bullish trend
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At the upper price band of Rs 108 per share, NGEL is valued at an FY24 EBITDA multiple of 53.4 times
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Experts note that markets are in oversold territory. While a sudden bounce back to the higher levels of Nifty is not expected soon
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CPSEs can repurchase shares if their market price consistently remains below book value for six months and they have a net worth of at least Rs 3,000
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Among the sectoral indices, Nifty IT, media and oil and gas are the top losers, while metal, PSU bank, and realty are the top movers
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Here in India, on the Multi Commodity Exchange of India (MCX), the gold was trading at Rs 74,657 per 10 gm, up 1 per cent intraday, but down from its peak of around Rs 80,000 per 10 gm
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