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The euro was at $1.0745, down 0.3%, having hit a five-week high of $1.0786 overnight, as German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices.

Only on the stock exchanges, overseas investors pulled over ₹41,000 crore out of local stocks - the highest in a month since March 2020 - when they sold shares worth ₹57,000 crore amid the pandemic led lockdown

LIC reported its first fiscal results after becoming a publicly traded company. The company also announced a 15% dividend for the fiscal year, the first in its history.

On average, IT stocks have fallen 30% from their yearly highs due to worries about a recession in the US, sell-off on the Nasdaq, steep valuations after the recent run-up and the impact of wage inflation on their operating profitability

Nomura has downgraded JSW Steel to reduce from neutral and lowered the target price to ₹500 from ₹667, saying that profitability could remain under pressure in the near term as export duties stall price increases at a time of rising cost inflation.

Ethos raised ₹472.29 crore from its initial public offering that was open for subscription between May 18 and May 20. The IPO was priced in the ₹836-878 band.

The external benchmark-linked framework makes transmission of monetary policy signals automatic in terms of lending rates, but deposit rates are functions of credit demand as well as the prevalent liquidity situation.

Gartner predicts that 25% of consumers will spend at least one hour a day engaging with the metaverse for work, shopping, education, social or entertainment purposes by 2026.

Wockhardt had agreed to pay USD 36 million and interest over nine instalments between 2022 and 2025, the company said, adding its US subsidiary has already made provision of Rs 51 crore in the previous year ended March 31, 2021 and further provision of Rs 67 crore was made on September 30, 2021.

Perpetual bonds, known as Additional Tier 1 in market parlance, do not have any fixed maturities but generally have a five-year call option, an exit route for investors. These are quasi-equity instruments, billed as risker instruments that offer a higher-than-average rate of returns.