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Barring Terra and the dollar-pegged Tether, all major crypto tokens witnessed some gains on Wednesday. Shiba Inu rallied 9 per cent, followed by a 4 per cent rise in Solana. Avalanche, XRP and BNB gained 3 per cent each.

Among Sensex stocks, Tech Mahindra rose 1.7 per cent to Rs 1,263.70. Tata Steel advanced 1.43 per cent to Rs 1,182.05. HDFC, Bajaj Finserv, Power Grid, Bharti Airtel and UltraTech Cement rose up to 1.2 per cent. ICICI Bank and HDFC Bank added up to 0.6 per cent.

Gold is seen as a hedge against inflation and a safe store of value during times of political and economic crises but is highly sensitive to rising short-term US interest rates, which raise the opportunity cost of holding zero-yield bullion.

The total revenue from operations was Rs 5,260.33 crore, up 14.19 per cent from Rs 4,606.45 crore the company reported in the year-ago quarter.

On Tuesday, Vi said that the telecom department had computed the net present value (NPV) of the accrued interest due to the four-year deferral of the spectrum and adjusted gross revenue (AGR) payments at Rs 16,133.1 crore, a calculation since confirmed by the telco.

Welspun India’s scrip slumped to a low of Rs 70.30 as against the previous close of Rs 77.05 on the BSE.

Majority of the brokerages are positive on the issue and have suggested subscribing to it, tracking its sound financials, growth prospects, healthy margins and expansion plans. However, a few of them are wary of the valuations of the company.

“The investors who have some liquidity should be using this dip to nimble into some of the names, particularly the categories, which are not so directly affected by the high inflation and the high interest rate environment. We do think that having seen such a sharp selloff in both IT and banks, one could really look to buy into it in a staggered way for investors.”

On Wednesday, the partially convertible rupee opened at 77.2720/$1 as against 77.3300/$1 at previous close. The Indian currency, which was last at 77.2260/$1, moved in a band of 77.1440-77.5750/$1 so far in the day.

Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 13758.77 Crore) operating in Pharmaceuticals sector.