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Robinhood said on Tuesday it was laying off about 9% of its full-time employees, adding rapid headcount growth had led to some duplicate roles and job functions.

Shares of Hindustan Unilever gained 3.03 per cent to Rs 2,209.30. The FMCG major reported a 5.34 per cent increase in its consolidated net profit to Rs 2,307 crore for the fourth quarter.

Momentum indicator Moving Average Convergence Divergence (MACD) showed a bullish trade setup on the counters of Schaeffler India, Balkrishna Industries, KPR Mill, Quess Corp Nazara Technologies and Bajaj Auto.

The deal happened at Rs 263.15 per share. It values the deal at Rs 26.31 crore.

The monthly derivatives expiry was seen getting done on a strong note. The strikes of 17,200 saw massive Put writing done through the session. This ensured that Nifty stayed and settled above the 17,200 levels. However, the maximum Call OI stayed constant at 17,300. It saw Nifty settling below this level.

"Staying on this thread, India is one of the most forward-thinking countries in the world when it comes to instant payments thanks to UPI, the real-time payment rails which address what consumers expect from their payments: fast, convenient, and at a low cost."

Domestic brokerage Kotak Institutional Equities (KIE) said Wipro is likely to post Q4FY22 revenue at Rs 21,001.3 crore, up 28.6 per cent year-on-year (YoY), powered by continued strength in discretionary spending and success in the mining of large accounts.

The price of a stock echoes both the fundamentals as well as the perception (emotions) of the market participants.

Meta CEO Mark Zuckerberg also said that the company would scale back costs and was investing in artificial intelligence tools to improve recommendations and ads, a sign Meta is buckling down to make money while working on its long-term ambitions to build the metaverse.

The global brokerage added that rising inflation and weaker rural sentiment would also make it difficult for telcos to push through another tariff hike in the near-term, saying the next hike would not happen before October.