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A total of 27,436 shares changed hands on the counter till 11:52AM (IST)

Overall, the Fed under Powell has received better communications grades than under previous chairs. It is the only Fed to have received any above-4 average mark since the surveys were first published in 2011.

Jhunjhunwala is bullish on commercial real estate and sees a big opportunity in affordable housing. The Big Bull is also very gung-ho on warehousing which is still at a very initial stage in India. Storage will be needed as a lot of companies now do not want to give the storage responsibility to the logistics.”

“One should be looking at specific stocks where balance sheets are strong, which has growth visibility and attractive valuation. These are the three factors which one should keep in mind while looking at buying stocks for the next one-one and a half year. Volatility will continue between now and mid March but we have seen time and again, that 16,800 is a strong support for Nifty. ”

India’s decision to impose a 30 per cent tax on profits from cryptocurrency trading is turning out to be a boon for the country’s digital-asset exchanges.

“We are in a world where things are going to keep on changing quite dramatically in the next five, 10 years and that is why one has to be extremely careful how it plays out. The best thing is to buy companies where managements are willing to adapt and change. In fact, the other theme of disruption is not just technology, it is also ESG,” says Pratik Gupta.

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research, Kotak Securities said that gold has come off highs amid reports that US Secretary of State and Russian foreign officials may meet next week and amid the hawkish Fed comments.

Asian markets were trading marginally lower but S&P500 futures jumped half-a-per cent following an overnight 2.1 per cent drop in the index, offering some respite.

A total of 32,260 shares changed hands on the counter till 10:05AM (IST)

On the technical charts, the 200-day moving average of the stock stood at Rs 2192.33.