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The Nifty IT index was trading 0.19 per cent down at 28517.3.

CPI inflation has been volatile above 6% since breaching the threshold in January. It touched a peak of 7.79% in April. The last recorded number was 7.41%, reported in September 2022. Economists, however, are unsure if the MPC meeting will lead to any decision on rates.

The company has reserved 50% of shares for qualified institutional buyers, whereas non-institutional investors will get 15% of shares. The remaining 35% of shares have been allocated to the retail bidders.

Shares of IIFL Wealth (Rs 17 per share), KPI Green (Re 0.25 per share) and Focus Business (Re 0.38 per share) shall trade ex-dividend today.

"We have been constructive in IT sectors unlike most of our peers and this conviction comes from a deep research on IT’s vulnerabilities to previous cycles. Markets have consistently overreacted to IT’s earnings prospects during the downturn and when reality dawns - a serious catch-up trade happens. Our scuttlebutt analysis reflects strong demand for the festive season though rural demand still remains weak."

“For an investor looking at a safer option, larger ones like SBI would be our preferred pick followed by Axis Bank and ICICI Bank. If one were to take a risky bet, one can definitely look at some of the smaller banks, especially in the PSU banking space like Canara Bank or Bank of Baroda. ”

"Banking is a place to be because it is considered to be a growth sector in terms of the economy but there is a run of six months, maybe a little longer before we see any kind of hurt and if you notice, most of the banks are not provisioning as aggressively as they were six months to a year ago. That has also helped earnings for sure."

Dabur India Ltd. key Products/Revenue Segments include Personal Care, Other Operating Revenue and Scrap for the year ending 31-Mar-2022.

Crompton Greaves Consumer Electricals Ltd., incorporated in the year 2015, is a Mid Cap company (having a market cap of Rs 23123.98 Crore) operating in Consumer Durables sector.

“The near-term market construct is clearly ‘advantage bulls.’ There are many factors going in favour of the bulls like strong Q3 GDP numbers (2.6%) in the US, easing recession fears, indications of declining inflation and expectations that the Fed might pause rate hikes in Q1 of 2023,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.