Bharti Airtel, Tata Steel, and Indian Oil gained the most on both the indices, while Hindustan Unilever, Dr Reddy’s Laboratories, and Indiabulls Housing were the top losers.

Market Check: Cautiousness has crept into D-Street as it awaits cues from the big bang event, the Union Budget, tomorrow. The Sensex and Nifty are trading almost flat with a negative bias. 

In fact, the Sensex has breached 36,000-mark and is trading below that.

However, the market breadth favors the advances. Among sectoral indices, the pharmaceutical index is trading lower, along with IT and FMCG. Midcaps, too, are trading lower.

Bharat Electronics is down about 4 percent after the firm reported weak earnings for December quarter.

Management Outlook: Prataap Snacks has posted a stellar set led by operating leverage and a favorable base. In an interview with CNBC-TV18, Amit Kumar, MD and CEO of Prataap Snacks spoke about the results and his outlook for the company.

the company grew by 16 percent in H1 and expect to achieve similar growth in H2, he said.

See good growth in Q4 and a better H2 than H1, he added.

We are looking at the margin between 8 percent and 10 percent going forward, said Kumat.

On new launch, he said we have just launched Yum Pie two months back. The initial response was very good and we are looking for a revenue growth of around Rs 40 crore from Yum Pie.

Crypto crimes: South Korea has uncovered cryptocurrency crimes worth 637.5 billion won ($594.35 million), which includes illegal foreign exchange trading, a statement released by the country's customs service said on Wednesday.

The statement said domestic investors bought 1.7 billion won worth of cryptocurrencies, which they sent to overseas partner companies through virtual wallets. The transfers were then converted back into fiat currencies, which amount to unrecorded capital outflows.

The customs office added that it would continue to monitor the use of cryptocurrencies in cases like illegal currency trading or money laundering.

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