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Gold prices rallied 2% to hit their highest in more than a year on Tuesday after another round of weaker U.S. economic data indicated a slowing economy and strengthened expectations of a less-aggressive Fed policy.

Overnight a four-day winning streak for Wall Street indexes ended, with all three major indexes dropping, and interest rate expectations were dialled down after data showed U.S. job openings hit their lowest level in nearly two years in February.

The Fed in late March raised rates by a quarter percentage point, to between 4.75% and 5%. The decision was haunted by banking sector troubles that led policymakers to say that a tightening in financial conditions would likely weigh on economic activity.

The overall structure of the counter is lucrative, as it is trading above its important moving averages. MACD (moving average convergence divergence) is supporting the current strength, whereas the momentum indicator RSI (relative strength index) is also positively poised.

Portea Medical’s founders hold an 18.07% stake in the company. So far, only founders with at least 25% stake were classified as promoters under the Sebi regulations.

​​Net gain on fair value changes to the profit and loss account was ₹269 crore, little changed from the ₹267 crore reported in the previous year, the company informed in a notice to stock exchanges.

HSBC, which expects the RBI to announce a 25-basis-point rate increase at its next policy statement Thursday, said that an end to the cycle of hardening rates now would be akin to stopping a few meters before the finish line at a marathon. The repo rate is currently at 6.50%.

According to a report published by Excellence Enablers - a governance firm owned by former Sebi chairman M Damodaran - only one firm out of the Nifty 100 companies in FY22 did not comply with the requirements. In FY21, there were 17 non-compliant companies, while in FY20, the count was 14.

Acre had earlier raised its all-cash offer to ₹243 crore from ₹230 crore offered in February. It is expected to be the front runner to be declared the winning bidder as rival Asset Reconstruction Co India (Arcil) has not yet made a competing bid.

The New Delhi briefing to the panel by Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch was her first, and an important one, said these people. Henceforth, she will not appear before the committee unless required.