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Total income, however, fell to Rs 964.27 crore in the third quarter of this fiscal year from Rs 1,110.07 crore in the corresponding period of the previous year, according to a regulatory filing. During the last fiscal, Dhampur Sugar Mills had reported a net profit of Rs 228.96 crore over a total income of Rs 4,248.96 crore.

With Rs 80.8 lakh crore outstanding government bonds, the RBI is the second-largest holder of them after financial institutions.

With US inflation hitting a 40-year high, the stage has been set for rather aggressive rate hikes by the US Fed in coming months which could trigger further foreign outflows from Indian equities, he added. Flows in emerging markets were mixed in the month of February 2022 till date, said Shrikant Chouhan, head of equity research (retail) at Kotak Securities.

The government on Saturday brought down the effective duty on crude palm oil import to 5.5 per cent from 8.25 per cent earlier, a move which will help control cooking oil prices and support domestic processing companies. Basic customs duty is already nil on crude palm oil (CPO) and now the CBIC through a notification has cut the agri infra development cess to 5 per cent from 7.5 per cent, effective from February 13.

Some defensive stance in the markets may be visible, but there are chances of some good quality financial, PSU banks, auto, and pharma stocks to show resilience.

Markets have been consolidating for the last four months and still not offering any cue over the next directional move. Global cues including inflation concerns and Russia-Ukraine tension are currently weighing on the sentiment. "The direction of the market in the week ahead will be determined by cues from global markets while domestic macroeconomic data and corporate earnings will continue to remain in focus in the near term," said Vinod Nair, Head of Research at Geojit Financial Services.

Benchmark Indices, BSE Sensex and Nifty50, dropped a per cent each. The broader markets underperformed as BSE midcap and smallcap index dropped 2 per cent and 3 per cent, respectively. In the BSE500 index, about 395 stocks registered degrowth during the week, whereas the remaining 105 stocks ended higher. More than 20 stocks registered double digit cuts during the week.

After much back and forth, the Russian government and its central bank have decided to regulate and recognize cryptocurrencies.

Markets have been consolidating for the last four months and still not offering any cue over the next directional move. Global cues including inflation concerns and Russia-Ukraine tension are currently weighing on the sentiment. "The direction of the market in the week ahead will be determined by cues from global markets while domestic macroeconomic data and corporate earnings will continue to remain in focus in the near term," said Vinod Nair, Head of Research at Geojit Financial Services.

"In the next three to five years, petrol will possibly come down to about 50 per cent level, CNG will go up to 20 per cent..diesel would come down further to about 10 per cent and I would say (for) EV..., we have already declared our target of going more towards 20 per cent," Tata Motors President Passenger Vehicle and Electric Vehicles Shailesh Chandra said.