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If Nifty slips under any consolidation, the level of the 50-DMA should extend a good support on a closing basis

The Union Budget announcements made way for digital rupee, which could be the next phase of growth in the digitisation of financial services and payments in India and will bring efficiency of transactions

“I am pessimistic on currency, extremely pessimistic on bonds and neutral to bullish on equities through the lens of Budget.”

Consolidated revenue from operations in the quarter under review stood at Rs 1,111.22 crore, as against Rs 559.86 crore in the year-ago period, it added.

"The DoT in response has informed the company that the NPV of the interest which is eligible for conversion into equity is only Rs 195.22 crore as against the company‘s calculation of Rs 850 crore,” Tata Tele said in a regulatory filing.

“Taxation would be the first step to acknowledge their presence. Simultaneously, the introduction of digital rupee is one step forward from our thinking perspective or the existence of this space from a legitimacy perspective.”

The company on Monday reported a 63 per cent decline in third quarter net profit as it booked inventory losses.

At the interbank foreign exchange, the rupee opened at 74.53 against the American dollar, witnessed an intra-day high of 74.41 and a low of 74.87 against the greenback.

“All the capital goods or metal stocks and even some of the domestic infra names well qualify in the value thesis.”

"For short-term traders, 17,400 and 17,250 would be key support levels to watch out for. Above the same, the Nifty50 would touch the level of 17,750-17,850. However, if the index slips below 17,500, a quick intraday correction could drag down the index up to 17,400-17,350 levels.