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Trendlyne data shows that telecom cornered the biggest chunk of FII inflows from January 2024 till May 15, 2024.

On a sequential basis, the PAT was higher by 5.7%. The consolidated revenue from operations stood at Rs 3,104 crore in the reported quarter. It was Rs 2,079 crore in the year-ago period. The government-owned shipbuilding company declared a final dividend of Rs 12.11 per share for the year ended March 31.

The 30-share BSE Sensex closed down 667.55 points at 74502.9

Uncertainty around election results and the timing of US rate cuts also contributed to the decline.

Nifty on Wednesday ended 183 points lower near the 22,700 level as the index formed a dark cloud cover candlestick pattern on the daily chart.

Brokerage firm Phillip Capital has provided a list of 21 stocks that it believes can potentially yield significant returns for investors in the next year, assuming the ruling BJP secures 290-300 seats in the Lok Sabha election results expected on June 4.

In the Nifty pack, 13 stocks closed in the green, while 37 stocks ended in the red.

On Wednesday, the Nifty Bank witnessed a sharp decline of over 600 points, breaching the 49,000 mark, attributed to subdued global signals. Presently, a significant support level is identified at 48,000.

The fund will be for onward lending and refinancing existing debt.

Foreign funds’ open interest, or the number of contracts outstanding in value terms, reached 8.4 trillion rupees ($101 billion) on the NSE Tuesday, data compiled by Bloomberg show.