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Following the Federal Open Market Committee meeting, Powell said the U.S. central bank is likely to hike interest rates in March and reaffirmed plans to end its bond purchases that month.

On the macro level, a clear infrastructure plan is what is expected out of this budget, along with a systematic divestment plan of pre-identified government assets

Ahead of the IPO, the company mobilised Rs 940 crore from 15 anchor investors.

Out of 63 initial public offerings in 2021, stocks of half of them have dropped below the listing price

Apart from Zomato, its other tech peers were also trading with cuts. One 97 Communications, which owns Paytm, was down over 1 per cent. Nykaa also dipped over 1 per cent. PB Fintech, which runs Policybazaar, was down 4 per cent. Cartrade Tech, which reported a loss for the third quarter, was down another 6 per cent.

A total of 78,052 shares changed hands on the counter till 01:54PM (IST).

Airtel Africa Plc was listed on London Stock Exchange in late-June 2019.

Total income, however, fell marginally to Rs 21,312 crore during the October-December period of 2021-22, against Rs 21,365 crore in the same quarter of 2020-21, Canara Bank said in a regulatory filing.

The Relative Strength Index of the stock stood at 26.76 on Thursday.

Analysts expect that the divestment targets for the new financial year are likely to be elevated, though a lot will depend upon the proposed initial public offering (IPO) of Life Insurance Company of India (LIC).