“We have sensitised the market to this notion of a glide path for inflation, for non-destructive policy measures. Anything apart from this would have been disruptive not just for the markets but also for the economy. â€
A user told ETMarkets.com that he has not been able to log in to the app since morning despite repeated attempts.
The stock quoted a 52-week high price of Rs 148.1 and a 52-week low of Rs 83.55.
In mid-September, SBI Economic Research said when other costs are taken into account, banks are facing significant pressure on margins because of the low market rates caused by surplus liquidity in the banking system.
Promoters held 51.6 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 18.85 per cent and 17.93 per cent, respectively.
Mobikwik is expected to launch its IPO before Diwali and is likely to fetch a valuation of $1 billion.
V Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 7543.15 Crore) operating in Retail sector.
Bitcoin was down about 2 per cent, whereas Polkadot and Cardano soared up to 7 per cent.
This is not the first time RBI has blamed high taxes on fuel as the reason for the spike in inflation. The central bank in August last year had remarked that higher domestic taxes on petroleum products have resulted in elevated domestic pump prices.
In the spot market, highest purity gold was sold at Rs 46,845 per 10 gram while silver was priced at Rs 60,584 per kg on Thursday, according to the Indian Bullion and Jewellers Association.
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