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“The stock price started its downfall from Rs 554 (July 2019). The stock made lower tops and lower bottoms followed by trading below averages and hit a low of Rs 170 in March 2020 after the Covid event,” Bharat Gala, President - Technical Research, Ventura Securities Ltd.

CMS Info Systems Ltd. key Products/Revenue Segments include Sale of services, Automated Teller Machines (ATM) and Sale of Products for the year ending 31-Mar-2022.

In the spot market, the highest purity gold was sold at Rs 50,824 per 10 grams and silver was priced at Rs 58,627 per kg on Wednesday, according to the Indian Bullion and Jewellers Association.

“The Fed hiked rates again by 75 basis points. It will hurt growth. The question is what more can the RBI do? Frankly not very much and that means pain for all of us. The government can help up to a point but things like subsidies, etc, come back to haunt you later. So the RBI must share some of the blame, if not all of it and that is what I think is going to be missing in the letter.”

Karnataka Bank Ltd., incorporated in the year 1924, is a banking company (having a market cap of Rs 3720.66 Crore).

Amid the ongoing result season, analysts believe select stocks are on the verge of a breakout and ready to deliver solid returns in the near term.

Dhanuka Agritech Ltd. key Products/Revenue Segments include Agrochemicals, Other Operating Revenue, Scrap and Power Generation for the year ending 31-Mar-2022.

During an analyst call, Airtel management reiterated that a tariff hike is the only way to improve the current low RoCE of 8.5% but said it was difficult to comment on the timeline for the next tariff hike as it will depend on how the competition responds.

“India is a great story and the Indian companies are very good but from an investment perspective, in the short term, India is looking a bit pricey though it has performed very well. So if China seems to be basing out, then a little bit of money might come out of India in the short term but in the medium to longer term, India still remains a very attractive market with some very attractive companies.”

The Fed commentary after the expected 75bp rate hike, particularly Jay Powell’s remark that the terminal rate is likely to be higher than thought earlier, disappointed markets which resulted in a selloff in US markets, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.