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The stock has made a higher bottom formation, and with high volume participation, this stock is in an upward trend along with a rising RSI.

"There is this fear of recession, which we have not yet seen but it is sort of expected and stocks try to price that in."

Data showed that U.S. retail sales fell more than expected in December, pulled down by declines in purchases of motor vehicles and a range of other goods. They fell 1.1% last month. Data for November was revised to show sales dropping 1.0% instead of 0.6% as previously reported.

This is the maiden corporate credit fund and the proceeds will be deployed for lending to small and mid-market borrowers struggling to access capital from regular institutional lenders, as per the statement.The fund will invest in high-yielding debentures and mezzanine securities in a portfolio of companies across small businesses, fintech, manufacturing, and services and the company has pegged the opportunity at over USD 7 billion.

"Our third quarter revenues witnessed 0.3 per cent growth over last year. This has been in the backdrop of erratic rainfall in the domestic market and headwinds in international business. During the quarter, our domestic crop protection business grew by 7.7 per cent, crop nutrition business by 22 per cent," Rallis India Managing Director and CEO Sanjiv Lal said.

The IEA report followed expectations from the Organization of the Petroleum Exporting Countries (OPEC) that Chinese oil demand would grow by 510,000 barrels per day (bpd) this year after contracting for the first time in years in 2022 due to COVID containment measures.

The Nasdaq Composite gained 75.84 points, or 0.68%, to 11,170.95 at the opening bell

​Persistent clocked a 45.4% increase in the revenue from operations at Rs 2,169.3 crore during the October-December 2022 period, which stood at Rs 1,491.7 crore in the year-ago period, whereas the operating EBITDA of the company stood at 401.5 crore in Q3FY23, up 59.9% YoY.

Having dipped in the last two sessions, spot gold rose 0.5% to $1,917.26 per ounce by 1254 GMT, after hitting a session low of $1,896.32 earlier. U.S. gold futures were up 0.4% at $1,917.60.

Earlier, alternative investment strategies were used by large institutional investors to hedge their portfolios with allocations to real estate and private equity primarily. However, with the emergence of pooling vehicles like Alternative Investment Funds (AIFs), Real Estate Investment Trusts (REITs), Infrastructure Investment Trust (InvITs), the investor base for alternative assets have become broader.