Treasury yields shot up by 14-19 basis points Wednesday in the primary auction since the preceding two such bids conducted by the Reserve Bank of India (RBI).

Inflation expectation in the US measured by the 5-year breakeven inflation has risen to 2.94 per cent, the highest in 16 years. The persistence of a list of inflationary factors have led to a rise in core inflation and feeding into views of a potential wage-price spiral, especially when the labour market has tightened.

Thursday is likely to see a stable start once again to the day. The levels of 18300 and 18355 will act as immediate resistance points. The supports come in at 18150 and 18020 levels.

The meme token has soared over 35 per cent in the last 24 hours and has doubled investors wealth in the last one week. The recent run of Shiba Inu has crowned it as the 11th largest cryptocurrency, as per Coinmarketcap.com.

For its upcoming IPO, the Vijay Shekhar Sharma run firm is targeting a valuation of $20 billion, slightly lower than its ask of $22 billion, these sources said.

Total income stood at Rs 559.97 crore in the quarter against Rs 393.57 crore in the year-ago period.

The Dow Jones Industrial Average rose 78.55 points, or 0.22 per cent, at the open to 35,835.43.

“Government likely to encourage both PSUs as well as private companies to explore the unexplored horizons in terms of natural resources in our country. That is where the expertise of companies like L&T will come into play.”

Persistent Systems CEO Sandeep Kalra said demand has been moving very strong from all of its verticals that ensured a broad-based growth during the quarter.

The non-banking finance company said it has made an aggressive bet on growth, with an almost 15 per cent net increase in manpower strength in the last quarter.