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The Nifty Bank index was trading 0.45 per cent down at 37464.25.

A total of 27,861 shares changed hands on the counter till 11:16AM (IST).

HCL Technologies Ltd., incorporated in the year 1991, is a Large Cap company (having a market cap of Rs 317444.54 Crore) operating in IT Software sector.

As of 31-Dec-2021, promoters held 44.79 per cent stake in the company, while FIIs held 26.08 per cent and domestic institutional investors had 0.8 per cent.

“This is a time where the Reserve Bank of India can let the rupee depreciate a bit and the pressures are there both in terms of the outflow of dollars out of the country as well as in terms of the oil price increase. So that is the primary instrument the Reserve Bank of India will need to use.”

The private lender has been in demand among investors so far in the new financial year. The stock has rallied about 33 per cent so far in the month of April.

As of 31-Dec-2021, promoters held 54.92 per cent stake in the company, while FIIs held 16.59 per cent and domestic institutional investors had 0.14 per cent.

Morgan Stanley target suggests a potential 44 per cent upside in Paytm shares.

Cummins India Ltd. key Products/Revenue Segments include Engines, Sale of services, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.

"Nifty50 is back to its key support zone i.e. 17,800-17,700 and we reiterate till the time we do not see it closing convincingly below it, there is no reason to worry for. In fact, we will not be surprised to see some recovery from current levels on the weekly expiry," said Sameet Chavan of Angel One.