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March 17 has been fixed as the record date. On the ex-split date, investors holding the stock till the record date will receive new shares in demat accounts.

The Indian rupee weakened against the U.S. dollar on Wednesday, falling below 82.50 on dollar demand from foreign banks and importers. The rupee last traded at 82.5950 to the dollar, compared with 82.49 in the previous session. The local currency had opened at 82.31. The rupee struggled after the open on dollar demand from foreign banks and from a large public sector bank, according to traders. Foreign banks were likely buying dollars for their custodial

The markets are selling off globally and to that point, India is facing a little bit of pressure. However, we continue to trade above the long-term average of 17 times multiple in the Indian markets and there is a possibility that we could drift down towards those levels and 16,800 to 16,900 levels is where the market might find support. Additionally, one should be focussing more on domestic themes, d where there is a lot of value in the stocks.

Banking, financial and IT stocks were under heavy selling pressure. Domestic gains were short-lived, as European markets fell on fears that the ECB would raise interest rates by at least 25 bps at its meeting on Thursday

"Spot gold in the Delhi markets traded at Rs 57,070 per 10 grams, down Rs 310 per 10 grams," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.

"The answer is absolutely not, for many reasons outside the simplest reason which is regulatory and statutory," Saudi National Bank Chairman Ammar Al Khudairy said in an interview with Bloomberg TV.

Shareholders can counterbalance market losses against gains and carry forward any residual losses to subsequent fiscal years to lower their tax liability.

The Nifty Auto index closed 0.51 per cent down at 12282.0.

In February 2023, mutual funds infused Rs 12,800 crore, while FIIs sold shares worth Rs 5,500 crore in the secondary market.

Major northern Asia banks mostly have “minimal risk of the sudden run on deposits that crumpled Silicon Valley Bank” given their solid deposits, asset mixes and liquidity, Bloomberg Intelligence analyst Francis Chan wrote in a note, “Smaller lenders may harbor liquidity and credit risks that could easily be overlooked.”