Loans may be offered on three-year or five-year maturities. They would be priced after adding a spread over the London Interbank Offered Rate (LIBOR).

In dollar terms, revenues were up 22 per cent at $217.4 million, and the EBIT margin was at 18.4 per cent, up 470 basis points.

Net profit increased to Rs 446 crore in September 2021 from Rs 302 crore a year ago due to a 70 per cent rise in investment income to Rs 13,546 crore from Rs 7949 crore a year ago.

The Dow Jones Industrial Average rose 66.76 points, or 0.19 per cent, at the open to 35,325.37.

The Proshares Bitcoin-linked ETF started trading on the stock exchanges with the ticker name of BITO. ProShares Bitcoin Strategy ETF was trading 3.2 per cent higher at $41.2 on the NYSE.

In the last 10 trading sessions, the Nifty has moved up by 1,000 points. So a bit of a pause, a bit of profit booking, a bit of consolidation is absolutely warranted.

“Calibrated price increases and laser-sharp focus on savings has helped us protect our business model while ensuring the right price-value equation for our consumers,” Sanjiv Mehta, chairman and managing director said.

HUL reported a 11.2 per cent year-on-year growth in revenue from operations to Rs 12,724 crore for the reported quarter, which was in-line with Street’s expectation.

Nifty50 formed a Bearish Belt Hold or a Bearish Engulfing sort of candle on the daily scale and ended the day with a loss of around 60 points after the winning streak of last seven sessions.

Technical indicators such as the 14-day RSI suggest Nifty50 is still in the overbought zone. A consolidation is likely, said analysts, who believe the 18,300 level would be a crucial support for the index.