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The United States also imposed sanctions last year on cryptocurrency mixing services Blender and Tornado Cash, which it said were being used by hackers, including from North Korea, to launder billions of dollars worth of proceeds from their cyber crimes.

The capital contributed to the AMC should be locked-in for a period of 5 years. Further, the minimum sponsor stake of 40 per cent should also be locked in within the same period of five years.Apart from meeting alternate eligibility routes, the regulator has suggested additional criteria as well as safeguards that would be applicable for PEs to qualify as a mutual fund sponsor.

“The performance is a tad weaker than expectations as the estimated revenue per sq. ft of Rs 36,000 is softer than revenues of Rs 40,000 generated in the past third quarters,” Kotak Institutional Equities said based on the provisional update shared by the company.

HDFC Bank has been strengthening its geographical footprint in terms of both reach and density, which analysts say will result in higher operating expenses growth of around 20% YoY. “As a result, operating profit is likely to grow in mid-teens. Given lower provisioning expectations, PAT growth is expected at ~20% YoY in Q3FY23,” ICICI Securities said.

Wipro won deals worth $4.3 billion in the quarter, up by 26% YoY, with large deal bookings rising by 69% YoY. The growth in large deal booking was much stronger than the 24% growth reported for the September quarter.

“Our top pick would remain Infosys which we have been bullish on since the last two-three quarters. Within the IT pack, we like Infosys only and last quarter we upgraded HCL Tech from hold to buy. The second bet would be HCL Tech. We have a buy on Wipro but after this commentary, we would able to come out with details in terms of whether we will maintain the positive stance”

“Payment of interim dividend of Rs. 1/- per equity share of par value Rs. 2/- each to the Members of the Company as on January 25, 2023, being the Record Date. The payment of Interim Dividend will be made on or before February 10, 2023,” said the company in an exchange filing.

At the close, Nifty ended with gains of 98 points at 17,957 , while Sensex ended 303 points higher at 60,261. In a week’s time, Nifty has gained by a marginal 0.54%. Infosys, Eicher Motors, IndusInd Bank, Adani Enterprises and HUL led the list of Nifty gainers, while Titan, Apollo Hospital and Larsen and Toubro were the top laggards in the Nifty pack.

"Should the Fed fail to hit back against market expectations that peak U.S. rates is close at hand and that an eventual rate cut remains on the table, that may tempt gold bulls to hone in their sights on $2k gold," said Han Tan, chief market analyst at Exinity.

For the last few weeks, the index is trading above the 20-WMA, which has resulted in a triangle pattern formation on the daily chart. After a recent base formation near the lower end of the pattern, Nifty witnessed smart recovery on January 13. Going ahead, 18,000-18,050 will be the key area beyond which the index will be set for a larger up move. On the downside, 17,800 will continue to provide cushion for the index.