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The company is expected to have a flat listing due to weak financials, high valuations, poor market sentiment and intense competition from peers.

During the holiday truncated week, benchmark indices – BSE Sensex and Nifty50 -- dropped 3 per cent each, whereas second rung indices tanked up 4 per cent. IT emerged as the worst performer, followed by realty and metal stocks.

"India should still push for growth even at the risk of a bit of inflation because it is my belief that people are better off with growth rather than low growth and high inflation."

Analysts say Reliance is likely to opt for hydrogen in a bid to avoid India’s wholesale electricity market, which is dominated by financially stressed utilities and plagued by delayed payments.

A continued slide in risk assets this month has seen Bitcoin shed roughly 45% of its value from a high in November. It’s enough to bring back fears of a drawn-out bear market like the one in 2018.

Wall Street surged on Friday, notching its best day so far in 2022 after another zigzag session, ending a tumultuous week marked by mixed corporate earnings, geopolitical turmoil and an increasingly aggressive Federal Reserve.

“As the Indian market evolves, the volatility will go down but if we were to see a year where markets stay range-bound in a broad range of 15,000 to 18,000-19,000, it would be a reasonable thing for the markets.”

“75-80% of the market has corrected anywhere from 10% plus all the way to 40-50%. That is actually starting to present some level of value or traction in a number of stocks.”

The bank expanded loans 10% to Rs 2.29 lakh crore as it extended credit to companies and individuals with the local economy reopening shrugging off pandemic debris.

The performance for the quarter has surpassed market forecasts