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At least four brokerages cut their price targets and earnings estimates, looking for more downside after the stock suffered its biggest annual loss since going public in 2010.

The diversion of funds was never disclosed to the shareholders of REL, which misled them to remain invested in the shares of REL or deal in the securities of REL. Thus, the apparent diversion of funds led to indirect manipulation of the price of shares of REL, Sebi said in its order.

The 10-year rose about 238 basis points in 2022, its biggest yearly climb since at least 1953, according to Refinitiv data, as the U.S. central bank raised interest rates at its fastest pace since the 1980s to fight stubbornly high inflation after years of loose monetary policy.

Fairfax-backed IIFL Finance will issue secured redeemable NCDs, aggregating to Rs 100 crore, with a green-shoe option to retain oversubscription up to Rs 900 crore (aggregating to a total of Rs 1,000 crore).

The Dow Jones Industrial Average rose 1.65 points, or 0.15%, at the open to 33,148.90

The company, which operates D-Mart chain of supermarkets, saw revenue rising to Rs 11,305 crore, according to the provisional figures shared by the retailer

The issue also has a greenshoe option to retain an oversubscription of up to Rs 175 crore

Daily charts show that indicators such as RSI and MACD are showing some strength to lead toward an upside. Options data suggests a broader trading range between 17800-18500 zones, while an immediate trading range between 18000-18400 zones.

The dollar index, which measures the U.S. unit against six major currencies including the euro, was last up 1.1% at 104.82. The index rose 8% last year in its biggest annual jump since 2015 on the back of the Fed raising interest rates to tackle inflation.

Sky-high inflation and the global gut-punch of nearly 300 central bank interest rate hikes over the last 12 months are putting the focus firmly on how badly economies now buckle, and whether that forces the Federal Reserve and Co to change course.