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Existing investors of GGG have expressed their reservations about the Rs 3,000 crore cash-and-stock deal that both sides were negotiating. According to them, “economics and integration flywheel of the spate of past acquisitions still need to be tested,” said one of the people.

The Mukesh Ambani-led company had reported a consolidated net profit of ₹16,203 crore for the March quarter, up 22.5% compared to ₹13,227 crore for the same period in the previous financial year. Consolidated revenue grew 36.8% from the year-ago level to ₹2.1 lakh crore.

Market leaders Apple, Microsoft and Amazon.com provided the upside muscle, while economically sensitive chips small caps and transports were underperforming the broader market.

The rupee depreciated following risk-averse sentiments and weaker regional currencies, Dilip Parmar, Research Analyst, HDFC Securities said, adding "high demand and tighter dollar liquidity following quarter-end rebalancing weighed on a local unit(rupee)".The domestic unit has lost 1.97 per cent so far this month and has eroded a staggering 6.39 per cent since the start of this year.

The orders came after Sebi received a letter from Mindtree in October 2018 informing the regulator instances of violation of the code of conduct framed by the company under the provisions of insider trading rules by some of its employees and action taken by the company pursuant to the same.

According to the bulk deal data available with the National Stock Exchange (NSE), Smallcap World Fund sold 25,00,000 shares at an average price of Rs 249.02 apiece, valuing the transaction size at Rs 62.25 crore.As of March 2022, Smallcap World Fund owned a 3.47 per cent stake in the company.

"The clock is kind of running on how long will you remain in a low-inflation regime ... The risk is that because of the multiplicity of shocks you start to transition into a higher inflation regime and our job is to literally prevent that from happening and we will prevent that from happening," Powell said at a European Central Bank conference.

"The present range-bound movement could continue for the next 1-2 sessions and immediate supports to be watched around 15,600-15,650 levels. On the flip side, a decisive move above 15,850-15,900 levels is likely to open a sustainable upside for the market," he said.

"After the false upside breakout of 15,800-15,900 levels on Monday, Nifty50 has declined gradually in the last two sessions, which could be a positive indication for the bulls to make a comeback from the lows. Normally, such range movements from near important resistances eventually result in sharp upside bounces," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.

The US Dollar index, which tracks the greenback against a basket of currencies of other major trading partners, touched 104.28 in June 2022. The movement in the Dollar Index demonstrates the strength of the US unit and is likely to have a trajectory in the coming months.