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The earnings before interest, tax, depreciation and ammortisation (EBITDA) grew 15.2% YoY to Rs. 3004 crore. The EBITDA margin for Q3FY23 improved 30 basis points YoY to 26.7%.Global specialty drug sales were at $235 million, including US$12.5 million milestone received in Q3FY23. Ex-milestone, the specialty sales were up 21.6% YoY in Q3FY23.

"Market participants are also expecting a 25 basis points rate hike (by US Fed) this year. However, comments from Governor Jerome Powell regarding inflation and growth of economy will be important to watch.

Kamath, also known to regularly share educational content and stock market learnings on Twitter and other social media platforms, said people forget that trading costs are charged as a percentage of every trade and can compound very quickly.

The index is heading towards the level of 17,800, which holds the key for further course of action from a short-term perspective. If the index manages to surpass 17,800, it will be poised for a larger up move. Till then a consolidation in the range of 17,400-17,800 is possible.

“We will wait and see what the priorities of the government are this year during the Budget. Fiscal deficit containment is what the government appears to be leaning towards. How strongly would depend on whether that impinges on the overall spending or not is what we will be looking for.”

The Nifty Pharma index closed 0.99 per cent down at 12360.25.

FMCG firm Britannia is among a number of domestic companies that will announce December quarter results on Wednesday.>> For more such web stories click on the ET icon below

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. >> For more such web stories click on the ET icon below

Data from stock exchanges shows that out of the 4,55,06,791 fresh shares on offer under the FPO, bids were received for only about 20% or 93,16,212 shares so far.

So, over the short to medium term, the Indian rupee is about to follow its own financial alphabetical order. For now, let’s keep the first alphabet A aside, and check out the next in the orders.