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Given the urgency shown by the RBI amid major inflationary pressures, speculation was rife that the central bank would follow up the 40-basis-point rate hike with a rate hike of around 50 bps in June and then more rounds of rate increases.

Deutsche Bank economists now expect the European Central Bank to raise interest rates by 50 basis points in September as rising prices squeeze economic growth.

Promoters held 45.25 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 19.8 per cent and 17.64 per cent, respectively.

The company had opened deal book for qualified institutional buyers (QIBs) on Tuesday, which saw strong demand from investors. JP Morgan is the sole banker for the deal.

“The ban always tends to be a very blunt instrument. It cuts out the farmer interest completely. What we can do is perhaps for a short period, impose an export tax to balance consumers’ interest against the farmers’ interest. With some modest export tax, they can still continue to export and take advantage of the elevated oil prices and at the same time, that will help bring the domestic prices somewhat down."

A total of 27,462 shares changed hands on the counter till 12:12PM (IST)

We expect Infosys to deliver margin on the higher side of its guidance band, with strong growth and reduced dependence on sub-contractors as attrition falls. We expect the company to be a key beneficiary of an acceleration in IT spends.

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 32411.19 Crore) operating in Pharmaceuticals sector.

Shares of Rail Vikas Nigam rose to a high of Rs 34 as against Rs 32.40 at the previous close on the BSE.Rail Vikas Nigam reported a 1 per cent fall in consolidated net profit to Rs 378.16 crore in Q4 FY22 from Rs 381.79 crore posted in Q4 FY21.

Adani Green Energy Ltd., the group’s biggest firm by market value, led the rout, plunging a record 12% in trading volume about nine times the average of the past three months. Adani Total Gas Ltd. Adani Transmission Ltd. and Adani Power Ltd. fell by at least 5% each. Most of these stocks extended losses in early Mumbai trading on Wednesday.