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Fed Chair Jerome Powell has signaled that policymakers were poised to implement another half-point increase in the benchmark borrowing rate this week and another next month.

“At the end of a bull market, lots of new people come in excited about how easy it is to make money. They think it will last forever. As a lot of new people come in, my only advice is invest in what you, yourself know a lot about. Do not listen to TV or other people, save what you know and then you might survive. Listening to hot tips will ruin you.”

The Dow Jones Industrial Average rose 75.60 points, or 0.25%, at the open to 30,592.34.

Worries that a hawkish Federal Reserve will hurt U.S. growth as it attempts to tame inflation has helped drive the benchmark S&P 500 to a more than 20% decline from its all-time high on Jan 3, a drop that many analysts define as a bear market.

While investors track asset allocation and concentration to stocks and sectors at an individual level, it is also important to track the portfolio risks at a family level.

Chandan Taparia of Motilal Oswal Securities said that Bank Nifty opened negative but managed to respect its multiple support near 33,000-33,100 zones and bounced towards 33,600 levels.

However, overall profitability is expected to remain steady, cushioned by a reduction in credit costs.Credit costs, which have been rising for the past couple of years, should decline this fiscal year because most NBFCs hold substantial provisioning buffers. That should offset some of the impact of higher interest rates on profitability, the report said.

The board of directors of the company, at its meeting held on Tuesday, has decided that "further deliberations are required in order to take a decision on the proposal of buyback, and accordingly deferred the matter," , Bajaj Auto said in a regulatory filing.

Wood panel companies’ managements are optimistic on future demand given the sector tailwinds and have guided for 10-15 per cent volume growth in plywood and 15-25 per cent volume growth in MDF in FY23,"

The brokers challenged Sebi orders before the SAT, which was also approached by the NSEL (National Spot Exchange Ltd) which called itself an affected party and alleged that the regulator had failed to consider all the allegations and material in its complaint against brokers.