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Investors in Asia are still digesting the impact of US President Donald Trump’s first few days in office, which have sent mixed signals to investors. Trump has reiterated a tariff threat against China but have largely spared the world’s second-largest economy from a feared escalation of the trade war.

FMCG major Hindustan Unilever Ltd (HUL) profit beat the Street estimates as it rose 19% year-on-year (YoY) to Rs 3,001 crore in the third quarter. This was mainly on the back of one-time gain.

The Nifty IT index closed 2.14 per cent at 42590.70.

So far in January, foreign investors sold shares worth ₹62,102.25 crore. This comes after the sell off worth ₹1.20 lakh crore in 2024.

The metal closed at ₹80,194 per 10 gms for 24-carat in the physical market, data from the India Bullion and Jewellers Association (IBJA) showed.

The Nifty Realty index, comprising 10 top shares in the sector, plunged 4.6% on Wednesday after dropping 4.1% the previous day. The Nifty 50 was up 0.6% at close on Wednesday.

"However, the existing unexpired contracts of expiry months January, February and March would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months," said the circular.

The holding company, Vedanta Resources (VRL), which holds a 56.3% stake in India-listed Vedanta, relies on dividends from its operating subsidiaries to meet its repayment obligations. Vedanta pays annual brand fees, of 2-3% of turnover and is projected at around $300 million, to parent VRL, helping it in servicing its debt obligations.

Financing costs increased 31% year-on-year to ₹1,645 crore during the quarter. Provisions on bad loans increased to ₹636 crore from ₹283 crore a year ago as the bank sought cover for rising non-performing assets (NPAs). Net interest margin (NIM) dropped to 7.5% from 7.7% a year ago.