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The dollar has risen for five straight weeks as U.S. Treasury yields have climbed on expectations the Fed will be aggressive in attempting to tamp down inflation.

Shares of pediatric and gynaecology hospital chain are exchanging hands at a discount of Rs 10 per equity share in the unofficial market, compared to its issue price of Rs 542 apiece. The volume on the counter also remains thin, according to grey market trackers.

Disinvestment Secretary Tuhin Kanta Pandey Monday said the public issue of Life Insurance Corp is a success and is optimistic about listing day gains.

To be sure, the rupee may have fallen to record lows, but the currency still remains a relative outperformer among Asian emerging market peers, especially when compared with China. The Yuan has fallen 5.52% this year. The rupee lost more than 4% to the dollar this calendar year, ranking sixth among Asian peers.

“With regards to the Nifty Bank index, 34,500 could be the breakout level and above the same, we might see some relief for the banking stocks.”

About 20 minutes into trading, the Dow Jones Industrial Average was down 1.5 percent at 32,395.81.

​​ The company said it classified it as a bad loan despite the accounts being maintained regularly and provided for the full amount of Rs 3.93 crore. This disclosure led to heavy selling in the counter. It eventually ended down about 5 per cent at Rs 520.

The initial public offering (IPO) of Campus Activewear was open for subscription between April 26-28 wherein the company raised Rs 1,400.14 crore by selling its shares in the range of Rs 278-292 per equity share.

Mohammad said if traders are sitting on short positions, they will be better off by covering them, whereas some stability may offer an opportunity to play for a pullback move on the long side.

Besides startups, many new areas are now actively deploying blitzscaling. Hindi movie distribution is one such area — the release is hyped beyond measure to make sure that the maximum business is done in the opening weekend even before viewers’ opinions have a chance to spread. Also, increasingly and sadly, to finance as well.