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Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.

“Nifty has to hold above 18,250 zones for an up move towards 18,444, then 18600 zones, whereas supports are placed at 18,188 and 18,000 zones," said Chandan Taparia of Motilal Oswal. Analysts said the positive chart pattern, like higher tops and bottoms continued on the daily chart, and Nifty is currently in line with the formation of a new higher bottom formation.

Among Sensex stocks, M&M, NTPC, Bajaj Finance, Maruti, IndusInd Bank and Bharti Airtel were the top losers in today’s trading, falling about 1-2.4%.

Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said, gold inched higher after a fall in the previous session.

The rupee declined to 81.6850 from 81.65 in the previous session, taking its losses for the week to 1.1%. The rupee fell each day this week, except for a slight uptick on Tuesday.

Data as of June and October 2022 shows that AIFs witnessed a staggering growth of 42.5% YoY, with assets growing to Rs 6.94 lakh crore (from Rs 4.87 lakh crore) across all three categories. The total size of Portfolio Management Services (PMS) in India witnessed a healthy rise of 23.2% year-on-year (YoY), with assets growing to Rs 4.89 lakh crore from Rs 3.97 lakh crore.

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The brokerage said the company’s EBITDA margin had been largely in line with estimates, benefiting from lower raw material prices or good sales at 9.5% (-260bp q-q), similar to peers.The company reportedly plans a capex of Rs 6,000 crore for a 12 GWh Li-ion plant in 2 phases. It plans to supply to all vehicle segments and has multiple chemistries and cell types.

"The dividend shall be paid on or before December 17, 2022, to those members, whose names appear on the Register of Members or in records of depositories as beneficial owners of the shares as of the closure of business hours of Friday, December 2, 2022, which is the Record Date fixed for the purpose," said the company filing.

In a sense, the metaverse’s impact on the financial services sector embodies the next evolutionary stage in banking and fintech industry