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The I/C PNG segment should also keep growing as polluting fuel bans are expanded around NCR. IGL also expects Ajmer and Muzaffarnagar to be sizeable GAs, driven both by IPNG and CNG.

“We believe that in the near term, volatility will continue for some time. Hopefully in the second half of the financial year, some of the uncertainties around commodity cost as well as what is happening globally would start to peter out and we would possibly see some degree of focus shifting back to the trajectory of earnings growth.”

Analysts said the number of stocks below the 200-day SMA and the extent to which they are trading below this level could be signalling extreme bearishness, often seen as a contrarian indicator.

The S&P 500 fell 22.89 points to 3,900.79. The Dow dropped 236.94 points to 31,253.13. The Nasdaq slid 29.66 points to 11,388.50. The three indexes are on pace to extend a string of at least six weekly losses.

As a banker, I am more worried about how all this will impact the manufacturing units. Despite so much support coming from the government and the RBI during Covid, this time the situation looks more grim. We need to be very watchful of the viability of the units we are funding.

The Rustomjee Group, which has a presence in the Western and Central suburbs of Mumbai, reported sales of ₹2,680 crore during FY22

The move will likely save the company up to 2 percentage points in borrowing costs, adjusted for currency hedges.

NTPC, Thermax, Paytm, Zydus Lifesciences, Indigo Paints, IRFC, Pfizer, Metro Brands, Narayana Hrudayalaya, Nuvoco Vistas, Sobha, IDFC, Amaja Raja Batteries and CE Info Systems are among the companies which will announce their earnings today.

Nifty futures on the Singapore Exchange traded 211 points, or 1.34 per cent, higher at 15,996, signaling that Dalal Street was headed for a positive start on Friday.

Stablecoins, a variety of cryptocurrencies designed to keep a steady value, are in sharp focus after crypto markets were rocked last week by the demise of the TerraUSD token.