With crude oil prices also hovering around their highest levels since 2014, the writing was on the wall for domestic stocks, which lost Rs 3.8 lakh crore in market value within the first 5 minutes into trading.

Gold is generally seen as an inflationary hedge, but it is highly sensitive to rising US interest rates, which increases the opportunity cost of holding non-interest bearing bullion.

Indus Towers, PNB, Canara Bank, Colgate Palmolive, Dalmia Bharat, Coforge, Laurus Labs, CG Power, Nippon Life AMC and BHEL are among the companies that will announce their December quarter results today.

Balrampur Chini Mills Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 8426.85 Crore) operating in Sugar sector.

Bharti Hexacom, an unlisted company that offers mobile services in Rajasthan and northeast circles, is a JV between Bharti Airtel, which owns 70%, and state-run TCIL, which holds a 30% share.

“With inflation well above 2 per cent and a strong labor market, the committee expects it will soon be appropriate to raise the target range for the federal funds rate,” the Federal Open Market Committee said in a statement Wednesday following a two-day policy meeting.

Robinhood, in January 2021, had enacted temporary limits on GameStop and other so-called "meme stocks" amid a social media-fueled rally.

The dollar was perched near a five-week high on Thursday, bolstered after Federal Reserve chair Jerome Powell primed investors for U.S. interest rate hikes beginning in March. Overnight the Fed left policy unchanged but Powell foreshadowed a sustained battle to tame inflation.

Musk said that Tesla would not roll out new models this year but hopefully would launch its Cybertruck, Semi and Roadster next year. Tesla said it is not currently working on a $25,000 model that Musk promised in 2020 would launch in three years.

The Federal Reserve on Wednesday signaled it is likely to raise U.S. interest rates in March and reaffirmed plans to end its bond purchases that month before launching a significant reduction in its asset holdings.