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On Budget day, Sensex opens 530 pts high at 58,544, Nifty trades at 17,480

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On Budget day, Sensex opens 530 pts high at 58,544, Nifty trades at 17,480

Sensex surged more than 600 points in opening trade on Tuesday, with Nifty up 159 points ahead of parliament’s presentation of the 2022-23 Union Budget.

The 30-share Sensex added 603.39 points or 1.04% to 58,617.56 and the broader Nifty added 159.25 points or 0.92% to 17,499.10.

IndusInd Bank was the biggest gainer in the Sensex sector, up 2.45%, followed by ICICI Bank, HDFC twins, Sun Pharma, Infosys, Kotak Bank and Bajaj Finserv.

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Of the 30 Sensex constituents, 28 stocks trade in green. ITC and PowerGrid are laggards.

Finance Minister Nirmala Sitharaman will table the 2022-23 federal budget in Parliament on Tuesday.

In the previous session, the 30-share BSE index closed up 813.94 points, or 1.42%, at 58,014.17. Likewise, the broader NSE Nifty was up 237.90 points or 1.39 per cent at 17,339.85.

On Monday, the Economic Survey reported that India’s economy is expected to grow by 8-8.5% in the fiscal year beginning April 1 and is well-positioned to meet future challenges on the back of widespread vaccine coverage, supply-side reforms and deregulation.

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Meanwhile, India’s economy contracted by 6.6% in 2020-21, compared with a previous estimate of a 7.3% contraction, suggesting that the economic performance of the economy hit by the coronavirus pandemic is not as bad as initially thought.

Output in eight infrastructure sectors rose 3.8% in December 2021, after contracting 0.4% in the same month last year, as coal, cement and refined products fared better, according to official data released on Monday.

“The Indian government’s fiscal position remains strong, with figures for the first nine months of this fiscal showing that the budget deficit has only been used up by half.

“The fiscal deficit stood at 50.4% in April-December 2022, compared to 145.5% last year. Stronger tax and non-tax revenue helped the government stabilize the budget,” said Deepak Jasani, head of retail research at HDFC Securities.

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On Tuesday, Asian shares took advantage of the tailwinds of a U.S. technology-led rally driven by bargain hunters betting that this year’s stock market rout will subside. Several Asian markets, including China and South Korea, were closed for the Lunar New Year holiday, he added.

The American Stock Exchange closed on a positive note in overnight trading.

Meanwhile, Brent crude, the international oil benchmark, rose 1.31% to $91.21 a barrel.

Foreign institutional investors remained net sellers in the domestic capital market, withdrew Rs 3,624.48 crore on Monday, according to provisional data.

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Complete News Source : Hindustan Times

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Laid stars Stephanie Hsu and Zosia Mamet reveal the worst gifts their romantic partners gave them | Exclusive

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Stephanie Hsu and Zosia Mamet talk about their new series Laid, and some of the horrors of dating as millennials.
Imagine a scenario where anyone and everyone you have ever been intimate with begins to die one by one. Is it a curse? If yes, then who is cursed? These are questions that Stephanie Hsu‘s Ruby battles with in the new zany comedy, Laid. Ahead of the show’s release, Stephanie and co-star Zosia Mamet spoke exclusively with HT about their roles, the show’s unique premise, and the horrors of dating as millennials. (Also read: Dune: Prophecy star Emily Watson on working with Tabu: ‘She is a true treasure’)

Stephanie Hsu on her character’s flawed morality

Laid, created by Nahnatchka Khan and Sally Bradford McKenna, is the story of Ruby (Stephanie Hsu), who discovers that all her sexual partners are dying one by one, and she must warn them. Helping her in this unique quest is her best friend AJ (Zosia). The fun thing about Laid is that the protagonists are not the usual likeable characters. “She is totally an anti-hero of our story. I really love that,” says Stephanie, referring to Ruby’s moral greyness. “I am not a perfect person and I love playing flawed characters. But it was difficult. The creators told me that she is a total narcissist. But narcissists don’t think they are one, so I had to figure out a way to love her. For me, playing Ruby was about getting into her psychology and finding the innocent part of her – which is that she just wants love,” the actor adds.

While sitcoms usually add the best friend as the voice of reason trope, Laid diverges from that, with AJ even zanier and more morally ambiguous than Ruby. Talking about playing such a colourful character, Zosia Mamet says, “When you play not-so-likable or zany characters, people don’t believe they are that way. I don’t think AJ wakes up every morning and thinks, ‘I am absolutely crazy’. It’s about trusting the writing and finding an organic way into these characters to make them seem grounded, real, and relatable.”

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Stephanie, Zosia reveal the worst gifts they received from partners

In Laid, Ruby gives the gift of death to the men she is with, even if that is inadvertent. Ask the women about the worst ‘gift’ a partner has ever given them, and the discussions veer into the unusual horrors of modern-day dating. “I got a vintage wooden duck decoy from someone. It was broken, and I thought, ‘What does this say about our relationship?’. They didn’t know me well enough to know if I’d want this but also that they gave me something old and ailing,” Zosia says with a laugh.

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