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“We remain very constructive on the outlook for the economy. We are already seeing very strong signs of consumer demand resurgence that is coming into the consumer discretionary sector and that is visible in strong numbers that some of the retail companies are reporting.”

Ravindra Rao, CMT, EPAT, VP- Head Commodity Research at Kotak Securities said gold trades in a range as support from inflation concerns, rising virus spread and geopolitical issues are countered by higher US and global bond yields, firmness in US dollar and lack of ETF buying.

“Infrastructure spending is expected and power capacities are getting built up along with power equipment. So companies like Thermax, Siemens and L&T which are in this space should benefit.”

Some 30 analysts tracking the stock have a median target of Rs 536.50, which suggests a limited single-digit upside potential in Tata Motors.

ITC Ltd., incorporated in the year 1910, is a Large Cap company (having a market cap of Rs 272022.24 Crore) operating in Tobacco sector.

While bitcoin and ether both posted gains last week - up 2.9% to $43,107 and up 6.3% to $3,350, respectively - they are still some way off their 2021 highs of $69,000 and $4,868.

Brent crude is trading at around $87 a barrel, a seven-year high, after a 50% gain in 2021 as demand recovered and OPEC and its allies, known as OPEC+, only cautiously eased their supply curbs.

Oil prices rose for a fourth day to a seven-year high as an outage on a pipeline from Iraq to Turkey increased concerns about an already tight supply outlook amid worrisome geopolitical troubles in Russia and the United Arab Emirates.

Reliance Jio added 2.01 million wireless customers in November, taking its gross mobile user base to 428.61 million, while Bharti Airtel’s rose by 1.31 million to 355.29 million, according to latest subscriber data issued by the Telecom Regulatory Authority of India (Trai) on Tuesday.

"If oil prices keep moving up or remain at these levels, inflation pressures will be alive and kicking, which could ultimately transfer into interest rates and bond deals. That might start having an impact on growth," said Abheek Barua, chief economist at HDFC Bank.