U.S. stocks stayed put as traders waited for the minutes of the latest Federal Reserve policy meeting to ascertain its stance in the days to come. The S&P 500 as well as the Nasdaq 100 moved little by mid-day in New York. Meanwhile, the yield on 10-year Treasuries declined four basis points to 3.91%.
Crude price fell 2.5%, while gold prices were little changed. Bitcoin declined 2.3%, trading below the $24,000 level.
Benchmark indices Sensex and Nifty extended their decline for the fourth consecutive session, as they crashed 1.5% each—the most in two weeks—tracking weakness in the global markets.
Rupee closed lower against the U.S. dollar for the second day in a row as the greenback and U.S. yields surged on hopes of more Fed hikes.
Mahindra CIE Automotive Q4 CY2022 (Consolidated, YoY)
Revenue up 34.6% at Rs 2246.84 crore (Bloomberg estimate: Rs 2,818.85 crore)
Ebitda up 62.19% at Rs 292.40 crore (Bloomberg estimate: Rs 357.15 crore)
Ebitda Margin at 13.01% vs 10.8% (Bloomberg estimate: 12.7%)
Net loss of Rs 657.81 crore vs net profit of Rs 80.23 crore (Bloomberg estimate: Rs 196.45 crore profit)
The company recorded a loss of Rs 923.37 crore on fair valuation of assets and liabilities of discontinued operations during the quarter under review.
Enkei Wheels (India), KSB, Sanofi India
Chambal Fertilisers & Chemicals: Promoter Zuari Industries created a pledge of 3 lakh shares on Feb. 17.