Motital Oswal Financial Services remains optimistic about India's growth story in the medium to long run. It remains biased towards large-caps with a 76% allocation. Add Shriram finance: To capitalize on its diversified AUM mix, enhanced cross-selling opportunities

The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 23,770 level, a discount of nearly 25 points from the Nifty futures’ previous close.

Nifty Smallcap 100 index ending the session with a deep cut of 1.65% at 18,365, while the Nifty Midcap 100 index finished the session with a drop of 1.05%, closing at 56,270 level

Despite the shocks of the HMPV virus dulling, the Indian stock market continued to trade volatile this week, with Sensex and Nifty falling by nearly a per cent on.

Zomato Ltd led the Sensex fall, declining 2.42 per cent to Rs 246.40. The BSE m-cap declined3.33 lakh crore to Rs 4,38,41,831 crore against Rs 4,41,75,150 crore on Tuesday.

Indian benchmark indices Nifty and Sensex staged a modest recovery on Wednesday, closing slightly in the negative as a rebound in IT stocks provided support. Gains in Reliance Industries lifted the oil and gas sector,

The Sensex tumbled 1,258 points to close at 77,965, while the Nifty slumped 389 points to settle at 23,616, breaching key technical levels, including the 20-day and 50-day moving averages.

HDFC Bank Ltd shares were down 1.56 per cent at Rs 1,722 after the Q3 update. December was the third consequent quarter of sequential corporate loan decline as the banks continued to choose profitability over balance sheet growth.

Highlights: Among the broader markets, small-cap shares outperformed others, with the Nifty Smallcap100 ending up 1.35 per cent