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​​​In an exclusive interview with ET’s Romita Majumdar and Surabhi Agarwal, Christian Klein, the 42-year-old chief executive of SAP, who is among the youngest to helm a global technology corporation, said that he expects India to become an innovation hub for SAP as it develops core products end-to-end here.

"Growth momentum carries on but an unfavourable base has led to lower numbers for Q3," chief economic adviser V Anantha Nageswaran told reporters after the data release.

The data on sectoral development of bank credit in January 2023 showed that the personal loan outstanding on January 27, 2023, was Rs 39.59 lakh crore as against 32.87 lakh crore in a year ago.

All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs.

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​The 52-week high is the highest price at which a stock has traded during the last year. ​

The Dow Jones Industrial Average fell 15.62 points, or 0.05%, at the open to 32,873.47

ET Markets has identified seven stocks that had shown remarkable growth in 2022 but have already corrected by over 40% in the first two months of 2023.

The dollar index, which measures the currency against a basket of peers, was flat at 104.7, but was still set for a February gain of 2.5%, its first monthly increase since September