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Atul Suri, Founder and Chief Executive Officer at Marathon Trends PMS, said if history is any guide, then the spring-like gains in the equity market since the Covid crash are a harbinger of a lengthy phase of consolidation in the coming future.

Analysts estimate TCS is likely to post 3-5 per cent quarter-on-quarter and 16-19 per cent year-on-year revenue growth for the September quarter.

Promoters held 66.33 per cent stake in the company as of 30-Jun-2021, while FII and DII ownership stood at 19.65 per cent and 0.82 per cent, respectively.

"The stance remains accommodative as long as necessary," Governor Shaktikanta Das said. "We have not been a prisoner of rulebook."

"We are still in a scenario where most investors are looking for a correction to enter the market rather than looking at an upside to exit the market."

The paper touched a high of 6.31% today and was last at 6.29%, two basis points higher than previous close. Bond prices and yields move inversely.

The Relative Strength Index of the stock stood at 70.61 on Friday.

Reports said Covishiled manufacturer SII may buy 10 per cent stake, valuing the Wockhardt at Rs 7,000 crore. The current market-cap of the company stands at Rs 5,691.08 crore.

United Breweries Ltd., incorporated in the year 1999, is a Large Cap company (having a market cap of Rs 43793.42 Crore) operating in Beverages - Alcoholic sector.

RBI Governor Das’ comments on the future course of action of monetary policy amid ramping up of economic growth and elevated inflation that drew the loudest cheer from Dalal Street.