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.Silver, however, slipped by Rs 80 to Rs 61,605 per kg from Rs 61,685 per kg.The rupee depreciated 4 paise to 81.66 against the US dollar in early trade on Thursday amid a high volatility as rising crude oil prices weighed on the local unit.

The benchmark Indian 10-year government bond yield ended at 7.4538%, after closing at 7.3621% on Tuesday, recording its biggest jump since Aug. 5. The market was closed on Wednesday."There was exaggerated in bonds today after the index inclusion news," said Rajeev Pawar, head of treasury at Ujjivan Small Finance Bank

“The UK and continental Europe are strategic markets for us. We have very ambitious growth plans for the region. The acquisition of 60K and opening our London headquarters are the first steps to achieving them," said Rajesh Subramaniam, Global CEO of ResultsCX.

The market analyst in interview with ET Now said that for a corporation with a slightly dodgy credit rating, it is almost impossible to get funding. Similarly, a borrower with a low credit score finds it difficult to get funding from the banks, he added."You know I am not really worried that we are building up into an asset quality bubble, I think we are going to see very strong asset quality trends for at least another four to six quarters."

The Adani Group completed the acquisition of Ambuja Cements and its subsidiary ACC from Switzerland’s Holcim Group for $6.4 billion in the last month.The CLSA said the cement sector is likely to be at a multi-quarter low in 2QFY23, on lower prices and higher costs. “We expect margins to recover in 3QFY23 on lower fuel prices and benefits of operating leverage,” it said.

"During the quarter, inflation was at peak levels which impacted gross margins," Dabur said in a regulatory filing. However, the maker of toothpaste and packaged juices expects easing commodity prices to help improve margins in the second half of the year.

The Nifty Bank index closed 0.44 per cent up at 39282.85.

"The dollar is in its extended cycle of strength and is unlikely to last for a very long time."

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The agreement between the Organization of Petroleum Exporting Countries (OPEC) and allies including Russia, a group known collectively as OPEC+, comes ahead of a European Union embargo on Russian oil and would squeeze supplies in an already tight market, adding to inflation."We believe that the price impact of the announced measures will be significant," said Jorge Leon, senior vice-president at Rystad Energy.