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HDFC, Adani Enterprises, HPCL, Coromandel, Vodafone Idea, Bank of India, Devyani International, SKF, Ajanta Pharma, UCO Bank, Sanofi, Blue Star, Sapphire Foods and Amara Raja are among the companies that will announce their results for September 2022 quarter today.

Futures were now split on whether the Fed would move by 50 or 75 basis points in December, and nudged up the top for rates to 5.0-5.25% likely by May next year. They also imply little chance of a rate cut until December 2023.

This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Further tightening of financial conditions shall put downward pressure on risk assets and strengthen the dollar.

The company declared an interim dividend of Rs 4 per share. Its stock ended the day 0.63% lower on the BSE at Rs 1594.5. Benchmark Sensex ended the session 0.35% in the red. The earnings were declared post market hours.

In remarks at a press conference after the Fed raised rates by 75 basis points for a fourth consecutive meeting, Powell said there is "significant uncertainty" around the level of rates needed to bring down inflation, but "we still have some ways to go."

Repayments on UK mortgages have surged in recent weeks also after the debt-fuelled budget of previous British prime minister Liz Truss spooked markets, forcing her to resign and triggering emergency buying of UK government bonds by the BoE.

Share prices of ITC have closed in the green for eight straight months since March 2022. The stock has been consistently maintaining its uptrend and can be seen trading in a rising channel on broader charts.

Recent weakness was spurred by the Seattle company’s earnings report last week, when it projected the slowest holiday-quarter growth in its history. Amazon, which had posted record profits during the pandemic, said sales would increase by only 2% to 8% during what has traditionally been its peak season.

“IIFL Finance has transformed its business model from being a pure non-bank lender to increasingly a co-lending partner with banks,” said Nirmal Jain, founder IIFL group and managing director, IIFL Finance. “IIFL Finance has benefited from the co-lending model, where it keeps only about one-fifth of the loan on its own books and four-fifth goes to the bank’s books,” he told ET.

The company in its board meeting on Tuesday approved a Rs 85 crore share buyback plan through tender offer