It was seen roaring like a lion post witnessing a parabolic rise from Rs 7.75 to the level of Rs 72. The stock has hit multiple upper circuits on the way up. It zoomed over 800 per cent in just a span of 47 trading sessions.

At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 fell, owing to poor Q4 result updates from IT and auto companies, which led to higher selling from investors.  

At noon on Wednesday, the core equity indices i.e, Sensex and Nifty 50 were trading on the lower side, after opening in the green, as US 10-year bond yields hit the highest mark since 2019 and were trading at 2.406 per cent.

On the options' front, the 15,800 Put option has seen aggressive addition in the open interest (OI) as on Wednesday itself, over 53 lakh shares have been added in the open interest. 

On the options’ front, 15,800 Call has seen massive addition of open interest of over 75 lakh shares while 15,800 Put witnessed the unwinding of nearly 18 lakh shares. The 15,700 Call option also saw the addition of 27 lakh shares. Meanwhile, Max Pain stood at 15,800 level.

Majority of the sectoral indices were trading in green with Nifty Realty, Nifty Metal, and Nifty Bank being the top gainers. Nifty IT and Nifty Pharma have been laggards so far as they are trading with minuscule losses.   

Meanwhile, among the sectoral indices, BSE Consumer Durables has emerged as the top gainer; within this, Crompton Greaves Consumer Electricals and Dixon Technologies were the top gainers.

Interestingly, penny stocks continued to witness interest in the stock market as nearly 186 stocks hit a fresh 52-week high. On the flip side, only 3 stocks hit a new 52-week low. Penny stocks such as Tree House, Sintex, GTL Infra, and many more touched their upper circuit limits today.  

Among the stock-specific action, Nelco was up by a staggering 17.8 per cent, marking a fresh all-time high. Other stocks such as InfoBeans Technologies, Archies, TRF, Uttam Sugar, Apollo Hospitals also marked a fresh 52-week high.   

The advance-decline for Nifty 50 is even-steven as 25 stocks were in the red while the other 25 in green. Overall, the market breadth is still in favour of advances, courtesy of the broader markets as they are seen outperforming the frontline gauges.   

Nifty Metal & Nifty PSU Bank surged over 2.5 per cent each while Nifty Bank was seen outperforming Nifty as it advanced over a per cent. 

Indian markets were seen trading near their day's high in the afternoon session, aided by the IT bellwethers - Infosys and TCS.