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Adani Green, Kotak Mahindra Bank, Adani Total Gas, Havells India, Tata Consumer Products, ABB, EIH, Deepak Nitrite, Equitas SFB and Oracle Financial Services are among companies which will announce their March quarter results today.

With inflation showing little sign of easing from its 40-year highs, the US central bank has set itself on a hawkish course of tightening this year, sending shivers through world markets.

"Commodity markets have remained extremely buoyant, sustaining the synchronous upsurge seen in 2021. We believe this is increasing the probability of aggressive monetary policy response and a hard landing. Hence, commodity markets should be the next one to correct. Therefore, it is unlikely to be an easy market for investors. A portfolio should be a balanced one, a mix of reasonable components of fixed income, credit, and non-cyclical equities. "

Promoters held 52.16 per cent stake in the company as of 31-Mar-2022, while FIIs owned 18.28 per cent, DIIs 15.77 per cent.

“I have been recommending a buy in HDFC Bank. I believe there has been significant correction from the levels it was at. At the current level, it does look attractive even for HDFC Limited. It is a good buy at current levels. Fundamentally, both are good buys and the merger is a step in the right direction.”

Ace investor Rakesh Jhunjunwala and his better half Rekha owned 5.1 per cent stake in the Tata Group firm, which is worth Rs 10,703.90 crore as of Monday.

The global cryptocurrency market cap was trading lower at $1.72 trillion mark, declining more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped over 16 per cent to $71.95 billion.

Ahead of its IPO, unlisted shares of LIC were commanding a premium of Rs 50-55 in the grey market, hinting towards a mild listing pop for investors. However, the premium in the grey market has dropped from Rs 85-90 earlier.

Record inflation in Europe and the US in the aftermath of ultra-loose monetary policies has boosted commodity companies, while technology services have encountered higher competition and lower-than-expected profit expansions due to spiralling costs and an unceasing global war for top talent.

Given the wide definition of VDA, there were concerns that these assets acquired through regular transactions could be subject to crypto tax as they have traits of VDAs.