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Higher US interest rates dim the appeal of emerging market currencies such as the rupee and typically lead to outflows of overseas investment.

A total of 1,405 shares changed hands on the counter till 10:46AM (IST)

The Board has also approved the setting of second-line of Extruded Polystyrene Board (XPS) with the capacity of 1,00,000 M3 and increasing the Masterbatch and Compounds capacity by 50,000 MTA, reports said.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 113911.32 Crore) operating in Gas & Petroleum sector.

The Nifty Realty index was trading 0.06 per cent up at 428.45.

Promoters held 0.0 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 8.67 per cent and 1.17 per cent, respectively.

“There are a few FMCG stocks where margin pressures may be passed on and which may not be impacted too much by inflation. ITC is one where historically the largest portion of their business is cigarettes. They are able to easily pass on the cost increases. The other one is Titan.”

“If you have too much cash on your portfolio, then this is a good time to start nibbling but if you have just 1% to 10% of your portfolio in cash, it is better to stay put and ride these times out. One may get opportunities when there is further capitulation in stock prices. Just wait for positive news flow on the geopolitical/commodity market side.”

India, one of the world’s biggest crypto markets by trading volume and users, has seen an exodus of funds from foreign investors.

SBI Life Insurance Company Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 105034.75 Crore) operating in Financial Services sector.