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“The whole space around supplying basic industrial chemicals to the pharma companies, to the processed chemicals industry and similarly supplying inputs for the FMCG industry. I call these pharma ancillaries and FMCG ancillaries. That industry is consolidating. In these spaces, one or two monopolies are emerging and we have been trying very hard to identify them. Paushak in specialty chemicals is one.”

“There is no need to hurry in this market. The Indian economy is not running away in a hurry. Markets are not running away; there will be time to buy. Six months down the line, there will still be better bargains. So nibble yes, but do not fill your stomach with the new age stocks that have fallen.”

Hero MotoCorp Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 47014.17 Crore) operating in Auto sector.

Even the Supreme Court of India had recently asked the Centre to make its stand clear on whether cryptocurrency trade or virtual digital currencies is legal in India or not.

Prices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors sought safe havens following Russia’s invasion of Ukraine. The country imports almost all the bullion it consumes and costs are rising as the Indian currency trades near a record low.

While the contours of the deal are being finalised it is likely to be a 10:1 ratio which is expected to value Blinkit at around $700-800 million based on Zomato’s current market capitalisation.

The Nifty Bank index closed 0.82 per cent down at 35022.65.

Through its new product launch, the Mumbai-based brokerage will provide a platform where individuals will have easy access to information and research on cryptos.

The rallies of recent years were a boon to 60/40 portfolios, with rock-bottom interest rates pushing up both bond prices and stock valuations, particularly those of high growth companies.

At the interbank foreign exchange market, the rupee opened strong at 76.40 against the American dollar. However, it pared gains later to enter the negative territory as investors turned cautious amid intensifying Russia-Ukraine conflict. During the day, it moved in the range of 76.32 and 76.68.