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In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) said world demand would rise by 3.67 million barrels per day (bpd) in 2022, down 480,000 bpd from its previous forecast.

The turmoil in the US bond market and the ripples it is likely to send across to India make a case for stock market bulls to take a step back and be more circumspect about future returns, equity analysts said.

The partially convertible rupee opened at 76.0200/$1 versus 75.9500/$1 at previous close. Tuesday’s opening marks the first time that the currency breached the 76/$1 mark since March 29.

The Nifty Pharma index closed 0.67 per cent down at 13744.65.

At the interbank foreign exchange market, the rupee opened at 76.05 against the American currency and settled at 76.14, down 23 paise from the previous close.

Though, Nifty50 support is at 17,400 level, Shetti said, there is a possibility of further weakness in the short term. For the day, the index closed at 17,530.30, down 144.65 points or 0.82 per cent.

"The window for accepting original certificates shall remain open from April 1, 2022 to June 30, 2022," the Securities and Exchange Board of India (Sebi) said in a press release.

"We at CPAI feel that this may not be tenable for the commodity derivative segments," National President at CPAI Narinder Wadhwa said.

A 35 per cent year-on-year decline in JLR global wholesales to 89,148 units soured investor mood. Late last week, JLR had said that it continues to face chip shortages, which are expected to continue through the next fiscal.

Chennai-headquartered Giottus is currently the only multilingual crypto platform in the country with investors having the ability to buy and sell their crypto portfolio in eight Indian languages, including Hindi, Tamil, and Telugu.