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Bajaj Consumer Care Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 2242.61 Crore) operating in FMCG sector.

“FMCG is one space where surprisingly the results were pretty decent and better than what people have expected. So, though valuations are still a little stretched, looking at how the margins were under pressure can improve once the input prices come down because most of these companies, even HUL, have taken some price increases. If there is any margin improvement, that will give them a good boost to profitability going ahead.”

The Dow Jones Industrial Average fell 653.67 points, or 1.99%, to 32,245.7, while the S&P 500 lost 132.1 points, or 3.20%, to 3,991.24, its lowest close since March 31, 2021.

For the immediate short term from hereon, it would be extremely crucial for the index to defend the 16,000-16,150 support zone to avoid any incremental weakness.

Sebi had carried out an investigation in the matter of Unpublished Price Sensitive information (UPSI) in the scrip of Infosys to ascertain if market norms, including the Prohibition of Insider Trading (PIT) regulations, were violated.

According to block deal data available with the BSE, Merrill Lynch sold 4,80,440 shares at an average price of Rs 714.65 apiece, taking the transaction size to Rs 34.33 crore.

The local gauge closed at 7.30% versus 7.47% Monday. When bond yields fall, prices rise.

Global bond sales have dried up for now as the US Treasury benchmark, a global rate gauge, surged as much as 3.2 per cent amid inflation fear.

The Dow Jones Industrial Average rose 258.4 points, or 0.80%, at the open to 32504.09.

Nippon India Small Cap Fund, Kotak Mahindra Life Insurance Company Ltd & India SME Investments - Fund I are among the investors that participated in the anchor book.