(L&T, Power Grid Corporation of India and Tata Steel were the other big losers of the day, while Coal India and NTPC gained

Bullish Flag like formation and price sustaining above the 20 days EMA and outperformance in weak markets.

The Nifty Pharma index was trading 1.0 per cent down at 12468.3.

The NSE Nifty index closed 90.9 points up at 18118.55

Net Sales are expected to increase by 5.7 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 64,262.5 crore, according to Motilal Oswal.

Yes, you will have volatility and commodity prices will be volatile but the supply side remains supportive structurally for the commodity basket.

Mrs Bectors Food Specialities is currently trading at 52 week high which tells that the stock already is in strong momentum.

Tata Steel has given a strong breakout from multiple resistance zones with a sharp surge in volumes. The momentum indicator RSI (relative strength index) has given a positive crossover and surpassed the level of 60, which confirms the buy signal.

The Nifty Auto index closed 0.03 per cent down at 12817.6.

The Nifty Realty index closed 0.03 per cent up at 430.95.

The Nifty Pharma index closed 0.68 per cent up at 12734.5.

The Nifty IT index closed 0.41 per cent up at 29617.8.

The Nifty Bank index closed 0.53 per cent up at 42458.0.

CLSA expects steel prices to rise in the near term (in line with or at a discount to import parity) before softening in the following quarters.

The Nifty Pharma index was trading 0.35 per cent up at 12692.05.

The NSE Nifty index closed 158.45 points up at 18053.3

Tata Metaliks will release its third quarter results later in the day. In the previous quarter, revenues increased by 36% over Q2FY22, largely driven by higher sales volume of both Pig Iron and Ductile Iron Pipe.

Stock sustaining above the recent cup & handle breakout area and MACD in buy mode.

Price in strong up trend sustaining above the recent cup & handle breakout area and 20 days EMA signaling continuation of the up move.

The Nifty Pharma index closed 0.02 per cent down at 12668.8.

The Nifty IT index closed 0.74 per cent up at 28933.75.

The Nifty Auto index was trading 0.02 per cent up at 12772.55.

The Nifty IT index was trading 0.73 per cent down at 28511.85.

Stock remain in strong up trend sustaining above the recent breakout area and 20 days EMA signaling continuation of the up move.

The Nifty Bank index closed 1.33 per cent down at 42014.75.

The Nifty IT index closed 0.85 per cent down at 28502.7.

The Nifty Bank index was trading 0.84 per cent down at 42223.45.