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At the interbank foreign exchange market, the rupee opened stronger at 80.92 to a dollar against the previous close of 81.17. The local unit moved in a range of 81.47 to 80.93 during the day.

Fear gauge index India VIX was down by 1.25% from 13.79 to 13.61 levels. Volatility cooled down from higher zones and now needs to sustain below 14 for stability to resume.

Eighteen of the 22 economists and market watchers surveyed by Reuters had said there would be a hike -- 14 of them predicted 100 basis points (bps), three expected 200 bps, and one said 150 bps. Four respondents expected rates to remain unchanged.

Overseas investors are once again betting on Indian public sector companies as the shift to value has made many of these stocks attractive. >> For more such web stories click on the ET icon below

ECB policymaker Robert Holzmann also said on Friday he expects at least two interest-rate increases of 50 bps each in the first half of this year. Christine Lagarde, the president of the ECB, is due to speak in Germany on Monday after markets close.

The euro climbed 0.4% and euro zone banks added 0.7% after ECB governing council member Klaas Knot said on Sunday the central bank was set to increase interest rates by 50 basis points in both February and March and would continue to raise rates in the months after.

As a result, Nuvama Wealth feels the stock should get included in the March review. Adani Wilmar qualifies for inclusion into Nifty Next 50, but if the exchange uses the discretion to give preference to stocks that are part of the derivatives segment, then Nuvama Wealth believes either Trent or TVS Motor can be probable candidates for inclusion in the index.

The stock quoted a 52-week high price of Rs 3698.5 and a 52-week low of Rs 2334.35.

As of 31-Dec-2022, promoters held 74.99 per cent stake in the company, while FIIs held 8.59 per cent and domestic institutional investors had 6.33 per cent.

Total income increased to Rs 26,218 crore in the quarter from Rs 21,312 crore in the year-ago period, the state-owned bank said in a regulatory filing.