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On its part, Maruti Suzuki would like to sustain a strong growth momentum of FY22 on the back of its biggest product offensive seen in recent years. That will see significant reinforcement in the SUV portfolio. It will be banking on a new range of SUVs – both below and above 4 metres in length - to regain lost share.

The domestic retail rates of petrol and diesel have remained unaltered since the beginning of November. Oil marketing companies are widely expected to raise prices now since the state elections, a key hurdle to price revision, have concluded.

Gold prices fell on Thursday, as U.S. Treasury yields rose while investors opted for riskier assets amid a retreat in oil prices after the United Arab Emirates said it would help increase oil production, making safe-haven bullion less appealing.

L&T Construction, the construction infrastructure arm of L&T, has won a significant order from Delhi Metro Rail Corporation to design and construct the underground metro project of Phase-IV of Delhi MRTS.

The Dow Jones Industrial Average rose 653.61 points, or 2%, to 33,286.25, the S&P 500 gained 107.18 points, or 2.57%, to 4,277.88 and the Nasdaq Composite added 460.00 points, or 3.59%, to 13,255.55.

In another transaction, Hinduja Group and Hinduja Realty Ventures bought over 10 lakh shares of Hinduja Global Solution. These shares were sold by Aasia Corporation and Aasia Exports.

Benefiting from oil prices hitting the highest since 2008, Aramco shares have jumped 15% in less than three weeks, giving it a market capitalization of over $2.3 trillion.

The Dow Jones Industrial Average rose 227.78 points, or 0.70%, at the open to 32,860.42.

“Our preference would be export-oriented sectors like IT and pharma. Telecom sector would probably offer the best earnings growth in the next couple of years. Select private sector banks should also be okay. Those are the pockets where we would like to continue to buy from a medium to longer term perspective.”

Crypto firms are expected to dominate advertisement space in the upcoming edition of the IPL, following the government’s announcement to tax crypto gains in the union budget and the ASCI’s guidelines.