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The partially convertible rupee opened at 76.2850/$1 as against 76.1750/$1 at the previous close. The Indian currency, which was last at 76.3950/$1, moved in a band of 76.2850-76.4300/$1 so far in the day.

“My view is that earnings growth for Infosys this year will be nearer 0% to 5%. So investors need to factor that in while taking a decision. Valuations are not cheap. If we take a 5% earnings growth, then valuations are around 30 times earnings which is pretty expensive. So my guess is that there will be a selloff.”

The Nifty Realty index was trading 1.51 per cent down at 457.1.

As of 31-Mar-2022, promoters held 74.05 per cent stake in the company, while FIIs held 10.08 per cent and domestic institutional investors had 5.65 per cent.

This brokerage has a ‘neutral’ rating with a base case March 2023 target price of Rs 367 on Adani Wilmar stock.

On the technical charts, the RSI of the stock stood at 50.7.

HSIL Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 2037.32 Crore) operating in Building Materials sector.

Gold futures on MCX jumped 0.73 per cent or Rs 286 to Rs 53,378 per 10 grams. Silver futures were also trading higher by 1.31 per cent or Rs 901 at Rs 69,933 per kg.

HDFC Bank’s share price slid to a low of Rs 1,415.75 as against Rs 1,464.85 at previous close on the BSE.

“The role of different crypto tokens, crypto assets, the role of sovereign digital currencies is going to evolve overtime but the trends are inevitable. We will in fact be online in the metaverse for significant hours a day and we are going to need the full range of virtual digital assets, the full range of crypto tokens.”