The Nifty Pharma index closed 1.45 per cent up at 13974.35.

“While QE tapering has commenced rather uneventfully and should conclude by mid-2022, our economists do not expect the first rate hike to come until 1Q23,” the brokerage firm said in a recent report.

The STOXX 600 index was flat, weighed down by a 1 per cent drop in miners as iron ore and metal prices tumbled.

It had reported a consolidated net loss of Rs 1.18 crore in the quarter ended September 30, 2020, a BSE filing said.

The new cryptoverse has delivered about 67,000 per cent return in the last 24 hours. The digital token is commanding a market cap of $1.5 billion.

"Winning the customer trust and winning their long term engagement is a key focus for Nykaa, says Falguni Nayar, Founder & CEO, FSN E-Commerce Ventures."

A total of 572,767 shares changed hands on the counter till 02:12PM (IST)

“In three quarters, from being 22% of our order book and then 25% last quarter, this quarter EV orders are going to be 27%. So definitely there is a need for us to imagine that the pure electric vehicle numbers might go up. But one should keep in mind that the semiconductor shortage also affects EV vehicles that much more. ”

The majority of the brokerages are positive over the issue of the Kolkata-based company and have suggested investors bid for the issue for listing pop as well as long-term gains.

Astha Jain, Senior Research Analyst, Hem Securities, suggested investors stay in for longer as the stock can perform better in the future.