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The risk-sensitive Australian dollar slipped 0.15% to $0.72525 after earlier touching a nearly one-week high of $0.72670. The Reserve Bank of Australia held the key rate steady at a record low on Tuesday, as expected, noting that the Ukraine conflict added a new source of uncertainty to the outlook.

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Tata Steel’s scrip rose to a high of Rs 1,266 as against Rs 1,220.75 at previous close on the National Stock Exchange.

The Relative Strength Index of the stock stood at 48.79 on Wednesday.

The company reported total sales to the tune of 2, 81,714 units in February as against total sales of 2, 97,747 units in the same month last year.

Promoters held 43.49 per cent stake in the company as of 31-Dec-2021, while FII and DII ownership stood at 35.31 per cent and 1.56 per cent, respectively.

“Given the backdrop of rising crude prices, we would be very positive on names like ONGC, Oil India and of course some of the metal names like Hindalco, Nalco, Coal India and the base metal space like nickel and steel. It is a good short term tactical play at this point of time.”

Apollo Tyres Ltd., incorporated in the year 1972, is a Mid Cap company (having a market cap of Rs 11730.31 Crore) operating in Tyres sector.

While sentiment for the rupee took a turn for the worse, dealers said that the domestic currency would likely be supported around the 75.80/$1 mark due to market interventions by the Reserve Bank of India in the form of dollar sales.

The stock quoted a 52-week high price of Rs 90774.0 and low of Rs 62944.5.