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The U.S. dollar index fell 0.1%, making greenback-denominated gold less expensive for foreign currency holders.

The matter pertains to the Clearing Corporation of India - the Reserve Bank of India (RBI)-supervised body that hosts the platform for trading domestic government bonds. In October 2022, the ESMA had de-recognised the CCIL because the RBI did not permit rights of audit and inspection over the local clearing house, which acts as the official counterparty to billions of dollars of government bond trade.

Nitin Raheja discusses the valuations of defence stocks and railway stocks, emphasizing the lumpiness of these businesses and the potential for big variances in quarterly performance. He also mentions the signs of revival in the rural economy and the expected increase in spending as the elections approach. Raheja expects better results from FMCG players due to benign inflation in some commodities.

"Amid rising optimism about AI, US markets surged over the weekend. However, domestic markets exhibited a subdued trend influenced by extended holidays, low volumes, and weekly option expiration," Vinod Nair, Head of Research, Geojit Financial Services said.

Exchanges will remain closed on Monday as there will be a stock market holiday for both equity and derivative markets on the occasion of the inauguration of Ram Mandir.

Nova Agritech​ has fixed a price band of Rs 39-41 per share for its IPO. Investors can bid for 365 shares in 1 lot and in multiples thereafter. The IPO comprises fresh equity issue worth Rs 112 crore and an offer for sale (OFS) of 77.5 lakh shares.

“We think investors looking to invest in large caps could deploy it gradually over the next 2-3 months but those looking to invest in mid and smallcap could wait for better entry points,” says Alekh Yadav, Head of Investment Products, Sanctum Wealth.

In the week gone by, FPIs net sold shares worth over Rs 21,000 crore, signalling a sudden shift in the strategy. So far in the month of January, FPIs were net sellers at Rs 16,455 crore.

Despite muted earnings in the previous quarter and little expectations of major recovery in the next quarter, what is driving the rally in tech stocks? The answer lies in FY25, on which everyone is pinning their hopes, decode Beena Parmar and Romita Majumdar.

Benchmark indices Sensex and Nifty pared initial gains and settled lower on Saturday due to selling in FMCG and IT shares. The BSE Sensex fell 259.58 points, or 0.36%, to settle at 71,423.65. The Nifty declined 50.60 points, or 0.23%, to 21,571.80. 3