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On the technical charts, the RSI of the stock stood at 50.7.

HSIL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2037.32 Crore) operating in Building Materials sector.

Gold futures on MCX jumped 0.73 per cent or Rs 286 to Rs 53,378 per 10 grams. Silver futures were also trading higher by 1.31 per cent or Rs 901 at Rs 69,933 per kg.

HDFC Bank’s share price slid to a low of Rs 1,415.75 as against Rs 1,464.85 at previous close on the BSE.

“The role of different crypto tokens, crypto assets, the role of sovereign digital currencies is going to evolve overtime but the trends are inevitable. We will in fact be online in the metaverse for significant hours a day and we are going to need the full range of virtual digital assets, the full range of crypto tokens.”

The firm’s revenue growth at 1.2 per cent sequentially in constant currency terms missed consensus estimate of 3 per cent growth partly due to a one-off client-specific issue, while the EBIT margin of 21.5 per cent also fell below consensus estimate of 23.2 per cent.

Infosys was down 5.7 per cent to Rs 1,649. It also dragged shares of other IT companies such as Tech Mahindra (down 4 per cent), HCL Tech (down 2.3 per cent) and Wipro (down 2.2 per cent), which will soon disclose their quarterly earnings. IT stocks account for substantial weight in Sensex.

Promoters held 59.42 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 25.55 per cent and 2.64 per cent, respectively.

Hindustan Unilever Ltd., incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 505667.28 Crore) operating in FMCG sector.

The insurer’s value of new business (VBN), a measure of profitability, expanded 31 per cent year-on-year (YoY) at Rs 775 crore for the quarter against Rs 591 crore a year ago. This was despite a 6.7 per cent fall in new business premium to Rs 4,788 crore against Rs 5,133 crore.