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Citigroup Inc Chief Executive Officer Jane Fraser said in an interview with CNBC that the US Federal Reserve could slow rate hikes in late spring or early summer. In a low-interest rate regime, lesser returns on interest-bearing assets such as bonds turn gold attractive.

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The stock quoted a 52-week high price of Rs 784.27 and low of Rs 451.6.

Credit Suisse maintained an outperform rating on Bank of India with a target price of Rs 110. Core profitability has improved, and the provisioning remains elevated, it said.

The budget should focus on encouraging private investment through tax incentive to accelerate growth. This can include things like tax credits, deductions, exemptions, and other financial incentives to encourage entrepreneurs.

Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FII and DII ownership stood at 8.59 per cent and 6.33 per cent, respectively.

I would also expand the tax relief for MSMEs, rationalise GST and boost credit growth in small and medium enterprises. In addition, I would expand the scope of the Emergency Credit Line Guarantee Scheme (ECLGS) for emergency help for SMEs.

In the domestic equity market, the 30-share BSE Sensex was trading 157.99 points or 0.26 per cent higher at 60,813.71. The broader NSE Nifty advanced 44.60 points or 0.25 per cent to 18,097.90. Foreign Institutional Investors (FIIs) turned net buyers in the capital markets on Tuesday as they purchased shares worth Rs 211.06 crore, according to exchange data.

On the technical charts, the RSI of the stock stood at 35.7.

A total of 5,838 shares changed hands on the counter till 11:28AM (IST).