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“The 16,000 mark is crucial not just from a sentimental or psychological point of view. It is also a very crucial support level as it is the 50-day DMA (daily moving average) of Nifty. The long-term and the medium-term outlook of the market would be positive till the time it is above 16,000. A breach below that level would give bearish signals,” Kranthi Bathini of WealthMills Securities told ETMarkets.

The psychologically important level was breached in the over-the-counter and derivative markets on Thursday, but spot trades on the rupee reflect the combined impact of robust North Block-Mint Road coordination and expectations of 5G-linked fund inflows, dealers said.

"Despite the weak earnings, we expect the stock to be supported given the upcoming open offer. Clarity on synergies from the acquisition and capacity expansion are key for further rerating," said CLSA, which has maintained an underperform rating with a target price of Rs 2,300.

Such approval shall be valid in respect of all offers and invitations for such NCDs to be made in one or more series / tranches, within 12 months from the date of passing of Special Resolution, it stated. The company will issue NCDs on on a private placement basis to identified investor classes.

Consumer prices in June showed the highest annual growth rate since 1981, raising chances that the Fed could raise its key fed funds target rate by 100 basis points, steeper than the 75 basis point hike previously expected.

St. Louis Fed President James Bullard, among the chief advocates of quicker and larger rate increases, said the "hot" inflation reading for June warrants pushing the target federal funds rate to a range of between 3.75% and 4.00% by the end of this year, a half percentage point higher than his prior year-end aim.

The IT index on the BSE ended down 0.2% at 27,122.90 after hitting a 52-week low during the session. These shares have been among the top losers so far in 2022. The IT index is down 30% from the all-time high of 38,713.3 hit on January 17 this year. Morgan Stanley said IT consensus earnings have declined in the last two quarters but there is room for more downgrades led by both revenue and margin cuts for FY24.

The various participants such as agricultural commodity processors, traders, millers and aggregators hedge their commodity price risk by using agri-commodity derivative products available on recognised exchanges in India.Prices for farm products rise and fall due to changes in the supply or demand fundamentals, real or perceived, for that product.

Over the years, the limit for such remittance has fluctuated from USD 75,000 per annum to USD 250,000 per annum. The LRS limit can be availed for both current account transactions like travel, education, healthcare etc., and for capital account transactions like maintaining a foreign bank account, investments, purchase of property abroad etc.

Trading has emerged as a bright spot for Wall Street banks this quarter as clients look to rebalance their portfolios in the face of geopolitical tension, surging inflation and fears that aggressive Federal Reserve policy tightening could plunge the economy into a recession.