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The Nifty Realty index closed 0.99 per cent down at 423.45.

"As the interest rate cycle is on an upswing, we will see valuations getting depressed across the board because it will be incrementally harder to raise money and do M&A by having leverage. All those factors which would have caused earnings growth in the longer run are going to be muted."

Further, the board of directors have approved a dividend of Rs 10 per share. On a YoY basis, the net profit has risen by 7.1% and the revenue has increased by 19.5%.

The investment will fuel the development of VCORE, which in turn will power the future of the metaverse by rewarding active, international players, creators, and earners

“ADSEZ has surprised us and the Street by the pace of new asset additions from the private sector and at reasonable valuations. We see enabling conditions for ADSEZ to replicate the same for government sector projects on offer,” Kotak Institutional Equity said in a report.

The automaker, which will release its earnings on Friday, is likely to report a 14 per cent on year growth in the revenue to Rs. 9,954 crores, the average of estimates by eight brokerages showed.Bajaj Auto’s sales volume in the previous quarter rose about 1% on year to 11,51,000 units.

SBI, L&T, ICICI Bank, Asian Paints and Bajaj Finance were also among the top losers, declining around 1-2 per cent. However, HCL Tech, Sun Pharma, Dr Reddy’s Labs and Reliance ended the session with gains. Sectorally, the Nifty PSU Bank index was the top loser, declining 1.58 per cent.

The 3W and bus segments showed remarkable recovery led by the opening of schools, institutions and corporate offices

“In the near term, there is a real risk that over the next two-three months or over next six months, there is a threat to the financial stability of the system globally and that is where policy makers will come in and capitulate. We may see some bit of a yield curve control coming through. ”

The Nifty IT index closed 0.68 per cent down at 27506.2.