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It further said Vedanta could achieve an EBITDA of Rs 450 billion in FY22 and FY23, revised from the earlier estimate of Rs 390 billion.

Shares in the world’s largest company rose 1.4% for an 11th straight positive trading day -- a rare feat in its 41-year stock market history, and one that has erased all of its year-to-date losses.

According to the latest RBI data, a net of $4.27 billion long forwards contracts will mature until April end.

Continuing its winning streak for a fourth straight session, the rupee on Tuesday appreciated by 36 paise to 75.80 against the US dollar.

A divergent trend was seen among Nifty and index heavyweights, with levels of 200-day average acting as stiff resistance for the Bank Nifty, whereas Nifty managed to sustain above its 200-day average levels.

The daily MACD is bullish and stays above the signal line. The pattern analysis shows that while Nifty has taken visible support multiple times at 200-DMA, it was resisting the 50-, and the 100-DMA which stood at 17,326.

“Our growth journey is definitely very strong and it is based on a fee-based model. So, there is no capital upfront expenditure from us. We are very happy to share that and we have given this kind of guidance before and despite the pandemic we have been able to walk the talk. I see no reason why we should not be able to increase that number from a hotel a month to 1.5 hotels a month.”

Adani Power clocked fifth straight day of gains on Monday rising 14 per cent and extending the rally to 34 per cent in the period. The company recently concluded acquisition of Essar Power MP.

The first face-to-face talks in two weeks between Russia and Ukraine began Tuesday in Turkey, raising meagre hopes of progress on ending a war that has ground into a bloody campaign of attrition.

The common theme is that most of the markets doing well are those of resource-rich countries benefiting from the current commodity rally.