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grew sequentially by 42% to peak at about 75,000 units in October. Ola Electric and Okinawa Autotech posted best-ever sales of 20,000 units and 17,500, respectively, in October.

The Dow Jones Industrial Average fell 505.44 points, or 1.55%, to 32,147.76, the S&P 500 lost 96.41 points, or 2.50%, to 3,759.69 and the Nasdaq Composite dropped 366.05 points, or 3.36%, to 10,524.80.

The rupee has performed better than most currencies against the US dollar, having appreciated against the greenback in terms of real effective exchange rate. On a financial year basis, almost all major currencies - barring a few like the Swiss franc, the Singapore dollar, the Russian ruble and the Indonesian rupiah - have depreciated against the US dollar by more than the rupee," Das said.

HDFC, Adani Enterprises, HPCL, Coromandel, Vodafone Idea, Bank of India, Devyani International, SKF, Ajanta Pharma, UCO Bank, Sanofi, Blue Star, Sapphire Foods and Amara Raja are among the companies that will announce their results for September 2022 quarter today.

Futures were now split on whether the Fed would move by 50 or 75 basis points in December, and nudged up the top for rates to 5.0-5.25% likely by May next year. They also imply little chance of a rate cut until December 2023.

This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Further tightening of financial conditions shall put downward pressure on risk assets and strengthen the dollar.

The company declared an interim dividend of Rs 4 per share. Its stock ended the day 0.63% lower on the BSE at Rs 1594.5. Benchmark Sensex ended the session 0.35% in the red. The earnings were declared post market hours.

In remarks at a press conference after the Fed raised rates by 75 basis points for a fourth consecutive meeting, Powell said there is "significant uncertainty" around the level of rates needed to bring down inflation, but "we still have some ways to go."

Repayments on UK mortgages have surged in recent weeks also after the debt-fuelled budget of previous British prime minister Liz Truss spooked markets, forcing her to resign and triggering emergency buying of UK government bonds by the BoE.