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ITC shares, which hit a 52-week high of Rs 293.30 on Monday, have so far rallied over 33 per cent in 2022. As a result, the cigarettes-to-hotels conglomerate is now the top performer in Nifty pack on a year-to-date basis.

These bonds will have a tenor of 24 months / 36 months / 60 months / 120 months available with various interest payment options like monthly, annual and cumulative. The effective yields offered to investors are in the range of 8.75-9.95 per cent per annum.

India’s trade deficit widened the most on record last month as high global commodity prices further raised import costs, data showed Monday. That along with about $29 billion of outflows from the stock market will pile further pressure on the rupee at a time when rate hikes by the Federal Reserve are driving flows to US from emerging markets.

“Trading and investing are like having a wife and a mistress. You can’t manage both well. So, keep them apart. One should not know anything about the other,” Jhunjhunwala said in a 2018 interview.

A Reuters report quoted Citi as saying that it looks like in 2022 and 2023, Russian crude exports may remain robust even if refined product exports may fall. That said, further global crude oil demand weakness should spell higher inventories, which could weaken crude prices going ahead, Citi said.

Urging investors to think of this bear market as an opportunity to make more money, the fund manager said the most exciting thing in a bear market is to be able to pick stocks at much below their fair value.

On the technical charts, the 200-day moving average of the stock stood at Rs 519.0.

Offering a brief respite to nervous markets was a report that U.S. President Joe Biden was contemplating rolling back some tariffs on Chinese imports, as well as news that Chinese Vice Premier Liu He had a "constructive" virtual dialogue with U.S. Treasury Secretary Janet Yellen.

“We believe that some of the midcap IT companies like Tata Elxsi and Cyient Technologies are some of the niche companies which hold the potential to become very large companies eventually. We missed out on Mindtree when the acquisition took place but we believe that the merged entity is already a largecap.”

A total of 814,840 shares changed hands on the counter till 02:00PM (IST)