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The S&P 500 opened higher by 4.40 points, or 0.11%, at 4,159.78, while the Nasdaq Composite dropped 24.56 points, or 0.20%, to 12,511.46 at the opening bell.

CERT-In is the government-appointed nodal agency tasked with performing cybersecurity-related functions and has issued these directions under section 70B of the Information Technology Act, 2000.

FII money will come back much sooner than Fed’s timeline for unwinding. Not only it will be sooner, but it will be much larger than what went out. This is one reason why some seasoned investors are expecting a melt-up (bull-run) for Indian markets next year (2023).

On operational front, Godrej Properties said that its sales bookings rose 23 per cent to Rs 3,248 crore. The sales bookings increased 17 per cent in the entire last fiscal to Rs 7,861 crore, of which Rs 7,781 crore came from the residential properties. It sold 9,121 homes with a total area of 10.8 million square feet in FY22.

Wednesday is likely to see the levels of 17,135 and 17,220 acting as potential resistance levels. The supports come in at 17,000 and 16,910 levels.

Wall Street ended a seesaw session higher on Monday as the U.S. benchmark 10-year Treasury yield hit 3% for the first time since December 2018 ahead of a Federal Reserve meeting this week, where policymakers are expected to announce a 50 basis point rate hike. German bond yields also hit fresh peaks.

Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects - blockchain-based apps and platforms fuelled by cryptocurrencies that are native to the virtual economies of the metaverse and Web3. VC investment in such projects totalled $10 billion globally in the first quarter of this year, the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook.

“There are IPOs and then there is the LIC share sale. Both are entirely different things,” said Pallav Bagaria, a director at the Pune-headquartered Sapient Wealth Advisors & Brokers Ltd. “The insurer has had an association with an entire generation of people, and they want to buy LIC because they feel it’s their company.”

Withdrawal of excess global liquidity, disruption in supply chains, rising Brent crude oil prices, weak rural demand locally and Ukraine-Russia face-off creating geopolitical uncertainty are some of the reasons for this bout of selling. Additionally, commodity price inflation, inflationary trends in the US and other central banks hiking rates aggressively (or expectation of the same) led to sharp corrections across our market.

The board recommended a dividend of Rs 7.50 per equity share of Re 1 each of the company.