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The central bank for the 20 countries that share the euro has now lifted rates by a combined 375 basis points since last July, its fastest pace of tightening, but further action is still likely given mounting wage and price pressures.

Its consolidated revenue was up by 6% at Rs 12,755 crore against Rs 12,085 crore in Q4FY22 due to higher sales across distribution companies & capacity addition in renewables.

The Indian rupee gained slightly, closing at 81.78 against the US Dollar on Thursday due to the weak dollar in overseas markets, support from foreign fund inflows, and crude oil prices staying below $75 a barrel. Opened at 81.68, the rupee reached an intra-day high of 81.65 and a low of 81.84. The dollar index, which measures the US dollar against a basket of six other currencies, slipped 0.04% to 101.30 after the Federal Reserve hinted at a pause in its interest rate hike cycle, and Brent crude futures rose 0.98% to $73.04 per barrel.

Nifty ended 166 points at 18,255. Broader markets, however, underperformed the headline indices, with Nifty Midcap 100 ending 0.6% higher.

The Nifty Realty index closed 0.04 per cent up at 446.4.

The company had reported a net profit of Rs 165 crore in the January-March quarter of 2021-22 fiscal from the continuing operations.

Adani Electricity Mumbai Ltd., a wholly-owned subsidiary of Adani Transmission, will announce the bond buyback shortly, one of the people said, asking not to be identified as the information is private. A few banks are working with Adani Transmission to facilitate the deal, according to one of the people. A representative from Adani Group declined to comment.

The 30-share BSE benchmark Sensex hit a 3-month high and advanced 556 points or 0.91% to settle at 61,749. The broader NSE Nifty hit a 4-month high and surged 166 points or 0.92% to end at 18,256.

Around 62% of actively managed funds in India have failed to outperform their benchmarks, according to Feroze Azeez. Analysts noted that multiple factors influence the returns of active funds, including macro and microeconomic factors, company management, and the investment strategies of fund managers. Azeez suggested that investment firms should spend significant time researching the funds they use and employ distributors or advisors with the ability to select the most successful options to counter the high number of underperforming schemes.

The Nifty Auto index closed 0.11 per cent up at 13292.55.