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Avenue Supermarts, which operates retail chain DMart, has reported Rs 10,337 crore standalone revenue for the fourth quarter ending March.

Among stocks that kept the Dow Jones Industrial Average in positive territory, Johnson & Johnson rallied 4.5% after its $8.9 billion offer to settle talc-related lawsuits gained the support of thousands of claimants, easing an overhang on its plans to list consumer health unit Kenvue.

Cleveland Federal Reserve Bank President Loretta Mester, however, said on Wednesday it was too early to know if the Fed would need to raise interest rates at its May policy meeting, even as she predicted rates will need to move higher.

In a petition filed before the court, the RP said that Morakhia had sought to "sell, assign and transfer" the brand content and trademarks of the company to privately owned Fun Gateway Arena just 18 days before the company was admitted into the insolvency process.

S&P said VRL has enough liquidity until December 2023 and needs to raise at least another $1 billion for sustaining liquidity beyond December.

If included, LTI Mindtree will see an inflow of ₹1,400 crore or $170 million, while Adani Enterprises could see around ₹1,000 crore or $120 million worth of shares being bought by passive funds, said analysts.

The lender had earlier filed for an IPO worth nearly ₹1,000 crore in October 2021, which included ₹800 crore of primary issuance and a ₹200 crore offer-for-sale from existing investors. However, the filing lapsed as it was not completed within a year.

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Prospects of the US Federal Reserve taking a more dovish stance, and perhaps, even reducing interest rates by the end of the year, weighed on the dollar, boosting gold prices in the international market.

The firm said a longer period of higher interest rates, lack of buffers, the risk of monsoon, and stagnant economic growth are the factors that could cap Nifty upside at 18,000-18,500.