Market Bizzz

We can clearly see post the buyback announcement at TCS happened there was a huge move on the downside and then a recovery back. So I think it is time that TCS, Infosys both will consolidate, said Kyal.

I would use this opportunity to buy into IT between the big export drivers of India between pharma and IT, I think IT is clearly an outperformer, said Bagga.

Weekly options data show high call writing activities between 17,800-18,000 levels. This means that there are very little chances of Nifty moving past this zone in the next week. The downsides too may be limited; Nifty is likely to continue to stay in a defined consolidation range.

The US-based company’s decision to allow clients to use the Unified Payments Interface (UPI) – a key digital payments railroad – to make rupee deposits for buying cryptocurrencies in India is under regulatory scrutiny, said sources directly briefed on the matter.

After being a crusader for economic growth during his entire first term and the first few months of the second despite an inflation targeting mandate, Governor Das has taken a U-turn as price pressures threaten to get out of hand due to war that adds fuel to already soaring prices.

The working group will recommend an alternative set of eligibility criteria for entities to act as sponsor; review the existing eligibility requirements for being a sponsor; recommend mechanisms for addressing conflict of interest that may arise if pooled investment vehicles/ private equity act as sponsor.

In Honduras, the Central Bank has said it cannot vouch for cryptocurrency transactions.

Asian shares opened on the back foot Friday morning, extending a selling-off this week fuelled by concerns about the Federal Reserve’s plans to aggressively tighten monetary policy to fight inflation. MSCI’s index of Asia-Pacific shares outside Japan was down by 0.13 per cent.

IT major Infosys and industrial technology firm Rolls-Royce on Thursday launched a joint aerospace engineering research centre in Bengaluru.