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“Forget about the absolute level, the absolute level may ultimately settle at 75 and after all this is over, we may strengthen again because the dollar weakens. But if the price of oil goes to $170 a barrel, maybe we will go all the way to Rs 90 to the dollar. It depends on what the external situation is. There should be no fixed targets.”

As of 31-Mar-2022, promoters held 51.32 per cent stake in the company, while FIIs held 16.35 per cent and domestic institutional investors had 4.04 per cent.

The BSE Sensex tanked over 900 points while the Nifty50 slipped below 15,600 within the first two hours of trading. Five stocks on BSE fell for every four that rose. Here are a few reasons for the fall in key indices.

According to the sources, crude oil producers made a windfall profit of $45-47 per barrel because of elevated crude oil prices in the international markets and domestic producers were selling the same at parity.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 104355.95 Crore) operating in Gas & Petroleum sector.

A total of 10,076 shares changed hands on the counter till 11:31AM (IST).

The global cryptocurrency market cap was trading at the $900.39 billion mark, gaining more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed more than 15 per cent to $72.15 billion.

The dollar was little changed against major peers but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of recession.

“Given that we have seen a massive jump in the bond yields especially at the mid end, a potential sound portfolio of fixed income can be created centred around a 3.5-4 years duration bucket. That could be a great strategy for investors to hold on for the next three years.”

"As a part of our strategic and fundamental business realignment, we exited the non-core business such as the cold chain and project transportation business and started focusing on our four core businesses – international supply chain, CFS, express logistics and contract logistics . The acquisition of Swedish logistics company Nordicon Group and the joint venture in South Korea also positively impacted the group’s performance in FY22."