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After hitting intra-day low of 57,924.48, the BSE Sensex closed 29.22 points or 0.05% lower at 58,250.26
All sectors barring the banks and financial services slipped in the red.
The brokerage firm further added that the company's future growth and potential entry into other businesses trump the revenue growth of peers
As per market news, GMP for Vijaya Diagnostic Centre is at Rs 5 i.e 1% at the upper price band of the IPO.
Mazhar Mohammad of Chartview India believes protecting capital should be key focus of investors rather than participating in the last 5% of the rally
The price increase is coming in the ACP segment in India following increasing raw material costs.
Ami Organics IPO: We suggest short term investors to book profit on listing day if they receive the allotment," said Yash Gupta of of Angel Broking.
Vodafone Idea traded 5.68% higher at Rs 8.75 on the BSE at around 9.33 am (IST), while Bharti Airtel was up 1.37% higher at Rs 679.90.
Sensex advanced 59 points or 0.10% to 58,339 and the Nifty 50 was quoting at 17,372 higher by 10 points or 0.06%.
Mudit Goyal of SMC Global Securities is positive on LIC Housing Finance with a target price of Rs 436.