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Hindustan Zinc was a government-owned company till 2002. In April 2002, the government offloaded 26 per cent stake in HZL to Sterlite Opportunities and Ventures Ltd for Rs 445 crore -- giving Vedanta group management control in HZL.

"Real GDP is projected to grow by 6.9% in fiscal year (FY) 2022-23 and 6.2% in FY 2023-24, despite a pick-up of corporate investment facilitated by the Production-Linked Incentive Scheme," OECD said in its latest economic outlook.

Even as RBI has retained its growth forecast for FY23 at 7.2%, it has raised the inflation forecast by 220 basis points to 6.7% for FY23 above its tolerance band of 2-6%.

While the current estimate for those availing instant loans is around 50 million, allowing credit card transactions through UPI interface is set to provide almost all the 250 million users of UPI access to such credit.

Elara said the 16,050 level is a post-breakout average price of the Nifty and it is the approximate cost of investors who entered the market post-2020.

The United States posted a record fall in strategic crude reserves even as commercial stocks rose last week, data from the Energy Information Administration (EIA) showed on Wednesday.

The plan, unveiled by U.S. Securities and Exchange Commission chair Gary Gensler, would require trading firms to directly compete to execute trades from retail investors to boost competition. The Wall Street watchdog plans to scrutinize the controversial payment for order flow (PFOF) practice, in which some brokers, like TD Ameritrade, Robinhood Markets and E*Trade, are paid by wholesale market makers for orders.

A reasonable negative candle formed on the daily chart, placed beside the small negative candle of the previous session. This pattern indicates choppy movement in the market with a negative bias, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

RBI’s hawkish policy is focused largely on heightened inflationary concerns. The 50 bps rate hike in the policy repo rate is in line with the expectations, and this has led to softening of bond yields post the policy announcement as the market was already pricing in the rate hike. The markets were relieved, as there was no CRR hike.

Sebi, Bhola Nath Dhall, who was the Vice President – Risk of Religare Finvest Ltd (RFL) was aware of the impending orders of RFL, in which the company was going to initiate liquidation of collateral shares of its borrowers/ customers for recovery of margin shortfall.