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In the international market, gold was trading lower at USD 1,770.75 per ounce while silver was down at USD 22.38 per ounce.

Treasury yields rose on Tuesday after strong data from the services and manufacturing sectors and a solid non-farm payrolls report reinforced expectations of the U.S. Federal Reserve continuing to raise interest rates in 2023.

The company is backed by Quadria Capital Fund and Rare Enterprises, which was set up by billionaire investor Rakesh Jhunjhunwala, along with his wife Rekha. The veteran stock market investor passed away in August this year.

I have been bullish on IT for some time. I had given stocks like Tech Mahindra, Mphasis last week which did well but yes currently there is some resistance.

Promoters held 53.51 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 42.2 per cent and 2.24 per cent, respectively.

However, the Nifty PSU Bank Index (ex-SBI) story is not equally thrilling. It might appear that the share prices of constituents are trading at multi-year highs, but when you compare the market cap of these banks today with five years ago, considering the incremental capital raised and new shares issued toward mergers, the investors have hardly made any money here. Regardless, the index is up 60% over the past year, and 40% over the past two months.

A total of 13,534 shares changed hands on the counter till 02:11PM (IST).

The US annual inflation rate slowed for the 4th consecutive month to 7.7% in October. This was the lowest since January 2022 and was lower than forecasts of 8%. US Fed Chairman Jerome Powell said the pace of rate hikes would slow down, maybe as soon as December, after four consecutive jumbo 0.75 percentage point hikes.

Low cane yield in major states like Maharashtra and Karnataka is one of the major reasons for the drop in sugar output. Reuters has reported that on an average, farmers reported a 15-35% drop in cane yield.

“With customers gradually shifting to organised players and given continued struggles faced by its unorganised and organised peers, Titan has a strong runway for growth,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.