The Nifty dropped below the level of 17,050. While bank, financial services and realty companies fell, pharmaceutical and healthcare equities rose.

At the pre-opening bell, the frontline index S&P BSE Sensex opened in red with a loss of 259.73 points or 0.45 per cent.

The key advantage of the company is that it provides E2E solutions to every state which is revamping the power distribution networks as the demand increases. 

On Wednesday, Indian equity markets staged a decent recovery to record healthy gains.

The domestic markets regained momentum after the recent dip and climbed nearly a per cent, owing to mixed cues.  At close, Sensex zoomed 478.59 points or 0.84 per cent at 57,625.91 level while Nifty was up by 140.10 points or 0.82 per cent at 17,123.60.  

Raymond, Garden Reach Shipbuilders and Kirloskar Oil Engines witnessed action in today’s session.

Following the path, Nifty50 too surged 140 points to close the day at 17,123 points.

Typically, as the earning announcement gets closer, implied volatility tends to shoot up in anticipation that a huge move might occur in the underlying due to earning announcement

Indices closed on a positive note ahead of Fed FOMC minutes. Nifty jumped 0.82 per cent to close above 17,100 level. Sensex soared 480 points while Nifty Midcap and Nifty Smallcap rose 0.62 per cent & 0.80 per cent, respectively.  

In just 10 days the stock gave a return of 131 per cent to its investors.