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A total of 560 shares changed hands on the counter till 02:06PM (IST)

"Comex Gold prices are trading lower in the Asian trading hours on back of hawkish tone from US Fed. Fed Chairman Powell signalled more rate hikes possible next year to cool down inflation at targeted level," said Dilip Parmar, Research Analyst at HDFC Securities

The energy transition is real, irreversible and gaining momentum. Amidst this, the demand for power in India is on a sustained growth path with the generation mix balancing between sustainability and security, said JM Financial.

“While the Carlyle and Advent International deal is already done, the ARC deal would be done in a couple of days and both the outcomes would be part of our Q3 results. In the case of the Carlyle and Advent deal, post conversion of warrant structure, Yes Bank CET would improve by 400 bps to 15.7% and capital adequacy would be more than 20%.”

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“Most of the foreign portfolio flows that come into India are coming through APAC funds or EM funds or global funds right. The share of India dedicated funds is lower than it was even five years back. So if more money goes into EM funds because people are feeling slightly better about China, then India also gets inflows. ”

Several of the country’s major startups shed billions of dollars in value since their listing as concerns over high valuations and rising interest rates globally dented demand for technology stocks. The selloff worsened as early investors pared stakes after the end of lock-up periods.

“The Fed has startled the market by maintaining its hawkish tone, as investors were expecting a softer approach after the release of better-than-expected inflation numbers. The market now awaits the BOE and ECB decisions, which are likely to follow a half-point hike,” said Vinod Nair, Head of Research at Geojit Financial Services.

The AMFI rejig will majorly be classified by size, taking into account data from July to December 2022. This period saw rising valuations as the Indian equity market rose by over 5% with Nifty and Sensex at record highs.

“The most recent rally that we have had is more akin to a bear market rally because of very negative technical positioning. I am not convinced that it is going to last and so instead of buying the dip, people might consider selling the rip, that is the change. Defence will be peoples’ best offence in this market environment. I am quite bearish on the outlook for 2023.”