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“We believe that the larger IT companies which are trading at valuation which are more favourable in terms of long-term average levels appear to be better placed than midcap IT. where you still have client concentration. you have certain sectors or verticals which are impacted because of slowdown and slower discretionary spends."

That Bitcoin posts large moves is nothing new. But the token, like all other cryptocurrencies, trades around the clock, every day of the week, counter to most other assets, which tend to trade Monday through Friday on regulated exchanges. And it’s been seen in crypto markets in the past, with Bitcoin shooting higher — or posting big down days — while other assets are taking a rest from work.

The jobs report "was an incredible surprise and it raises a lot of questions about what the Fed is going to do next," said Kristina Hooper, chief global market strategist at Invesco. "What I think is causing some of

The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with Edelweiss Financial Services Ltd., AK Capital, JM Financial, and Trust Capital, Bloomberg had reported in December. But activity has now stopped, according to the people, who asked not to be identified because the matter is private.

If at all stock crosses above 580 level then it will again resume its uptrend which we have witnessed earlier part of this year. So looking at the overall setup, we are bullish on SBI also with a stop loss of 530. Bank of Baroda is another stock which we feel that upside can be continued towards 181-195 zone, one can buy and hold this stock also with stop loss of 150.

But stiff targets can serve as pressure for officials to find the enthusiasm for letting go of public assets. Sadly, that is no longer the case. This point is important not just for the fiscal math, but the opportunity cost of lost efficiency in the economy due to the continued presence of public sector enterprises in non-strategic sectors.

But given the way the numbers have been improving, I think the numbers for PSU banks are likely to continue to improve. At some point of time, whenever we see stability in the market, we will see the buying interest coming back in the PSU banks and as a result, we can see them start going up again.

“We believe that we will end FY23 with a topline of around Rs 2,200 crore and EBITDA margin would be about 28%,” said Maulik Patel, chairman and managing director, in an interview with ETMarkets.

This will help lenders in assessing risk of each entity or individual and thus enhance efficiency in lending and significantly increase the market size for credit. Second, Central Data Processing Centre would help in ease of doing business in relation to the Companies Act.

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