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The stock has outperformed its benchmark-Nifty and proved that it’s a strong defender. After such a stellar up-move, the stock is poised for a high-level reversal, as its daily RSI formed a bearish divergence around its overbought zone and massive call writing seen at the Rs 2,600 strike price option.

Hindustan Unilever, HDFC Life Insurance, Ambuja Cements, ICICI Lombard General Insurance, AU Small Finance Bank, Polycab India, Hatsun Agro Product, L&T Finance Holdings and DCM Shriram are among companies that will announce their quarterly earnings today.

Worries about a larger one percentage point rate hike at the end of July eased following remarks from Fed officials last week that the policymakers could stick to a 75 basis point hike.

Oil prices have been whipsawed between concerns about supply as Western sanctions on Russian crude and fuel supplies have disrupted trade flows to refiners and end-users and rising worries that central bank efforts to tame surging inflation may trigger a recession that would cut future fuel demand.

​​​On Friday, Fed officials signalled they would likely stick with a 75-basis-point interest rate increase at their upcoming policy meeting, though a recent high inflation reading could still warrant larger increases than anticipated later in the year. Although gold is seen as an inflation hedge, higher interest rates and bond yields raise the opportunity cost of holding bullion, which yields no interest.

As per importers, metal prices fluctuate a lot. For customs duty, the price at the time of placing the order must be considered, and not the prevailing price at the time when the tax is levied.

The sources said Ramkrishna "identified officers from the market watch, market surveillance and risk management departments who had access to critical online information and access to online real-time databases" and ordered their numbers to be tapped.

Headwinds of inflation on consumer spending are still a worry and may impact the upcoming festive fervour, Retailers Association of India (RAI) has said.

Vi could buy 5G airwaves worth around Rs 20,000 crore while Adani can buy less than Rs 1,000 crore worth of airwaves.

Card-based fintech players Uni and PayU-owned LazyPay (through its LazyCard product) have completely stopped giving new prepaid cards amid a lack of regulatory clarity, they added. Both these companies, however, continue to support existing cardholders and are working to forge new partnerships with lenders to ensure business continuity, they said.