The rupee appreciated by 185 paise from its highest closing level of 76.86 a dollar seen on April 16, 2020.
JM Financial expects volume CAGR at 4.4 percent over FY20-22 on a rise in utilisation for Dahej and Kochi terminals.
Forex traders said positive domestic equities and weak US currency supported the local unit. Moreover, investor sentiment strengthened after Pfizer reported encouraging vaccine test results.
In the futures market, silver for September delivery touched an intraday high of Rs 49,422 and a low of Rs 49,026 per kg on the MCX.
Experts feel the trend may revive in the second half of CY20 only if the market and economic activity revives.
The stock has been hitting lower circuits consistently for the past 6 trading sessions. The stock was lock in the lower circuit on July 1 as well which suggests that there could be an intermediate top in place for the stock.
Stocks which are looking attractive are Balkrishna Industries, Trent, Natco Pharma, Deepak Nitrite, MCX, Rallis India and Bajaj Electricals
In the short to medium term sectors/stocks which may be lesser impacted by the COVID situation and maybe the first ones to bounce-back will outperform.
CBOT soya complex was up significantly and its impact was observed in domestic market also, but near term upside will be limited
As per Emkay, key risks for the company are adverse oil-gas prices, policy issues, divestment, cost overruns, COVID-19-led delays and exploration failures whereas duty relief and gas pricing reforms are the key triggers.
HDFC's most of subsidiaries are among the top three players in their respective segments. HDFC AMC, HDFC Life Insurance Company and HDFC Bank are other listed entities.
Exporters should hedge their inflows, while importers may book dollars only as per their immediate needs.
Besides, the regulator has allowed acquisition of shares through stock exchange settlement process by way of bulk or block deals during an open offer subject to certain conditions.
Infosys jumped over 3 percent. The other gainers included NIIT Tech, Tata Consultancy Services, Wipro and Mindtree which gained 2 percent each.
On Friday, June 26, S&P Global Ratings lowered its ratings on Axis Bank due to increased economic risks for banks operating in India.
The Rs 4167.70 project is an EPC contract for construction of Bhadbhut Barrage, Flood Protection Embankments and associated works across River Narmada Near Village Bhadbhut of Bharuch District.
As of December quarter there were more than 350 stocks on the LIC's radar and in March quarter, it held stake in 326 stocks.
Will the market re-test the March lows? We do not think so. Investors should take advantage of the exuberance to get out of weaker businesses and wait for valuation to turn attractive in stronger ones
The firm, which has to pay Rs 51,400 crore dues after the apex court ordered the non-telecom revenues to be included in calculating statutory dues, said the liability has "cast significant doubt on the company's ability to continue as a going concern".
The company sold 36,544 tractors in the month against 33,094 units in the same period last year.
UBS said it is cautious on banks’ asset quality, given the weak macro backdrop
Eveready Industries India Ltd on July 1 reported over three-fold jump in its net profit at Rs 179.57 crore for FY2019-20, compared to Rs 47.26 crore in the last fiscal.
In USDINR spot, 75.50 has been acting as a strong support. Only if it breaks then price can slump towards 75 otherwise we expect a rally towards 76.30 in coming sessions, says Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services.
Experts are of the view that both Gold and Silver are likely to trade sideways. Gold could well trade in the range of 48000-48700 levels, while Silver is likely to find support near 49300-48700 levels.
The ministry on July 1 invited qualification proposals from private entities to run trains over 109 pairs of routes by introducing 151 modern trains.