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“Many participants remarked that, in view of the constantly changing nature of the economic environment and the existence of long and variable lags in monetary policy’s effect on the economy, there was also a risk that the committee could tighten the stance of policy by more than necessary to restore price stability,” the minutes showed.

An affiliate of the US firm is offering the shares in Sona BLW Precision Forgings Ltd., as it is formally known, at Rs 500 each, the terms show. That’s a 7.2% discount to Wednesday’s closing price.

The bonds, with a tenure of seven years, will offer a coupon rate of 7.39 per cent, it said in a regulatory filing.Bonds were allotted to investors on Wednesday and the proceed would be utilised for financing infrastructure and affordable housing projects, it added.

​​“The supports for Nifty have now shifted higher to 17,830 and 17,700 while resistances are seen around 18,100 and 18,180. Trading with a stock-specific approach could be a better strategy in the near term as the risk-reward in index trades is not favourable now,” said Ruchit Jain, Lead Research, 5paisa.com.

The Dow Jones Industrial Average fell 122.46 points, or 0.36%, at the open to 34,029.55.

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“Jhunjhunwala showed that you can make money in the market with integrity, you do not have to do any manipulation, you do not have to do anything. The third thing he has shown was that the more you share, the more you prosper. Fourth, he said that relationships you make are very important.”

“I believe that at 18,000 level, we might pause a bit because 18,000 is a psychological level and we have seen a non-stop rally from 15,300. So I think, there would be a breather, there could be some profit taking and within that pullback, which could be about 200-300 Nifty points one can start entering the market, though the midcap and the smallcap space will continue to rally going ahead.”

Dogecoin is technologically becoming competitive with Ethereum due to the launch of Dogechain, said Sathvik Vishwanath, Co-Founder and CEO, Unocoin.The blockchain use cases such as DeFi (decentralised finance) and NFTs (non-fungible tokens) can be built on this.

"Intraday weakness can be seen below 17,833 with initial targets placed in the zone of 17,764 and 17,724 levels. However, traders are advised to remain cautious about creating fresh long positions as some momentum oscillators on daily as well as weekly charts are in overbought zones," Mohammad said.