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Nifty is likely to see the levels of 17,700 and 17,835 acting as potential resistance points. The supports come in at 17,700 and 17,610 levels. The trading range for the markets is likely to stay wider than usual.

HDFC sold about Rs 75,000-80,000 crore of bonds, qualifying for the infrastructure and housing status, to help finance the purchase of affordable homes, a top market source familiar with the matter told ET.

Earlier reports had claimed that the foreign investors would be offloading a 7.78 per cent stake in the company. It earlier held a total of 18 per cent in the media firm.

Volumes of exchanges fall drastically after new tax from April 1

The Dow Jones Industrial Average fell 57.3 points, or 0.17%, at the open to 34,439.24.

Mastercard is entering the crypto space to facilitate transactions where non-crypto users may purchase digital assets with fiat currencies (credit and debit cards).

A Motilal Oswal report says average daily cash volumes increased 11 per cent month-on-month to Rs 71,100 crore in March 2022. However, non-institutional cash volumes (read: retail) are below 50 percent for the first time since March 2020.

“We do expect the RBI to hike the reverse repo rate by 15 bps this time and by 100 bps over the entire fiscal and 50 bps next fiscal. So all in all, 150 bps of rate hikes based on more than 200 bps of hikes by the Fed as well as relatively high inflation.”

On Wednesday, the rupee tanked 55 paise, its steepest single-day fall in a month, to close at a one-week low of 75.84 against the US dollar.

The Nifty Pharma index closed 0.41 per cent up at 13815.0.