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The Dow Jones Industrial Average rose 1.65 points, or 0.15%, at the open to 33,148.90

The company, which operates D-Mart chain of supermarkets, saw revenue rising to Rs 11,305 crore, according to the provisional figures shared by the retailer

The issue also has a greenshoe option to retain an oversubscription of up to Rs 175 crore

Daily charts show that indicators such as RSI and MACD are showing some strength to lead toward an upside. Options data suggests a broader trading range between 17800-18500 zones, while an immediate trading range between 18000-18400 zones.

The dollar index, which measures the U.S. unit against six major currencies including the euro, was last up 1.1% at 104.82. The index rose 8% last year in its biggest annual jump since 2015 on the back of the Fed raising interest rates to tackle inflation.

Sky-high inflation and the global gut-punch of nearly 300 central bank interest rate hikes over the last 12 months are putting the focus firmly on how badly economies now buckle, and whether that forces the Federal Reserve and Co to change course.

The funds will come in handy for credit growth, and the bank would not need to maintain any statutory liquidity ratio or cash reserve ratio for funds raised through such bond issuances, the official said, requesting anonymity because he is not allowed to talk to media.

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"Discretionary spending is at absolutely new highs and the index is 20 to 30% higher on a 2-3 year basis. Phoenix wants to be a city centric large retail-led mall sort of a real estate player but their vision is primary retail led. About 10-15 years ago they tried to go to the then smaller cities such as Indore, Lucknow etc. All those cities have grown much bigger over the years.”

From the Sensex pack, Axis Bank, Titan, TCS, Tech Mahindra and Sun Pharma were the top gainers, rising over 1%. IndusInd Bank, Wipro, Nestle, Bajaj Finance and HDFC Bank also closed with gains