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NTPC Ltd., incorporated in the year 1975, is a Large Cap company (having a market cap of Rs 153789.12 Crore) operating in Power sector.

The dollar index, which measures the US currency against six major rival currencies, has strengthened around 7 per cent so far in 2022 as the prospect of higher interest rates in the world’s largest economy has lured investors.

A total of 1,080 shares changed hands on the counter till 10:51AM (IST).

Alphabet Inc and Microsoft Corp both dropped almost 4% ahead of their results after the closing bell. About a third of the S&P 500 companies are set to report results this week.

Financial markets, already anxious about the prospects for aggressive U.S. interest rate hikes, a spike in global inflation and the Ukraine war, were rattled this week over slowdown fears in China as Beijing stuck firm to stringent COVID-19 lockdowns.

Stocks that were in focus include names like Adani Wilmar which was locked in the upper circuit of 5 per cent, Gujarat Alkalies also hit a fresh 52-week high and closed with gains of over 11 per cent, and NLC India hit a fresh 52-week high and closed with gains of over 5 per cent on Tuesday.

Auto marketplace unicorn Droom is set to launch its Rs 3,000-crore IPO by offloading an 18% stake in next two months. The IPO comprises fresh issuance of equity shares worth Rs 2,000 crore and an offer for sale (OFS) to the tune of Rs 1,000 crore, according to the draft red herring prospectus (DHRP) filed by the company in November last year.

Hindustan Unilever, Bajaj Auto, Trent, HDFC AMC, The Indian Hotels, Persistent Systems, Syngene International, Hatsun Agro Product and KPR Mills are some of the companies that are scheduled to announce their March quarter results today.

"Money is moving into value stocks from richly valued spaces. This is where in this bull market we need to have an amalgamation of high growth as well as value stocks going forward. There are many sectors like corporate-linked banks, telecom, capital goods, energy and metals, etc which have seen earnings revival after a long period of 12-14 years."

Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.