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The partially convertible rupee settled at 74.35/$1 as against 74.55/$1 at the previous close. The Indian currency, which had opened at 74.5450/$1, travelled in a band of 74.30-74.55/$1 during the course of the day.

The sector is feeling the double impact of declining traffic and rising fuel costs

Nifty is likely to see resistance at 18,000 on the upside, thus leaving its up move capped for Thursday

The Indore headquartered company supplies bead wire used to attach inflated tyres to the ream to leading tyres makers including Apollo Tyres, Ceat, MRF, JK Tyre Industries, Balkrishna Industries, and Michelin. Industry consolidation that has resulted in only three bead wire makers in the country and curb on tyre imports have helped RGW to grow sales volume faster than the industry growth rate.

The Dow Jones Industrial Average fell 77.05 points, or 0.21 per cent, at the open to 36,722.60.

The regulator will be recruiting experienced officials across legal, information technology, research, general and official language departments

IDBI Trusteeship Services sold 17,16,000 shares of GTL Limited at Rs 23.84 per share

Daga, one of the senior most officials at Edelweiss, is understood to have setting up his-won asset management firm. Daga earlier headed Proprietary Trading business for Edelweiss as well as managed a multi asset multi strategy desk. He moved to Edelweiss from ICICI Bank.

Auction of 12,265 digital collectibles attracted fans from 14 countries with over 3.14 million visits from global buyers around the world.

Analysts expect non-state banks to report 9% growth in pre-provision operating profit and a 21% expansion in net profit. A recovery in business growth, higher fee income and a gradual reduction in credit costs are seen as the factors that drove profit growth.