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Mazhar Mohammad of Chartviewindia.in said owing to the sharp correction of the last five sessions, a bounce can’t be ruled out going forward. In that scenario, the ideal trading range for Nifty50 shall be 17600-17,000 levels.

"Construction and real estate s is one sector along with the MSMEs, if they continue to get the support from the government for at least one more year, would do very well."

The transaction is Advent’s fifth investment in India over the past 12 months

Total revenues of the company rose 24 per cent to Rs 3,140 crore during the quarter under review as against Rs 2,540 crore in the same period of 2020-21, SBI Card said in a release.

S Ranganathan, Head of Research at LKP Securities, said, "Weak global cues ahead of the Fed meet saw a fierce selloff in new-age recently listed firms and stocks with high FII ownership. As the VIX rose more than 25% in late afternoon trade today, all sectoral indices were deeply in the red."

“The quarter has been extremely good in terms of both business growth as well as better recoveries and the control on the slippage.”

The Federal Reserve, which had in December, signalled three rate hikes of 25 basis points in 2022, is widely expected to maintain a hawkish stance at its upcoming policy statement, given that inflation is currently near 40-year highs in the country.

The rupee weakened sharply against the greenback on Monday as a combination of factors, including a selloff in domestic equities, rise in the US dollar index and elevated crude oil prices globally soured sentiment for the Indian currency, dealers said. The partially convertible rupee settled at 74.5950 per US dollar as against 74.4150 per US dollar at the previous close. The Indian currency, which opened at 74.4300/$1, moved in a band of 74.3150-74.6875/$1 in the course of the day.

​​ Net revenue increased to Rs 422.17 crore during the October-December 2021 quarter as compared to Rs 221.50 crore in the year-ago period.

Its flagship Fortune brand of edible oils is the largest selling brand in the category controlling nearly a fifth of the organised market, and is among the top five fastest growing packaged food companies in the country in terms of revenue, according to a report by the industry tracker Technopak.