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Indraprastha Gas Ltd. key Products/Revenue Segments include Gas Natural and Other Operating Revenue for the year ending 31-Mar-2022.

The largest cryptocurrency by market value gained as much as 3.3% to $38,264 before trimming the increase. Bitcoin reached an 18-month high of $38,422 on Friday. Lower rates generally increase investors’ appetite for riskier assets such as digital tokens.

“If the spending on elections allows the two-wheeler segment to revive, all the three large two-wheeler companies, and then Eicher, which is relatively more niche, will see some kind of uptick in terms of sales. The stock prices have already started to go up so maybe people know much more than what I am talking about.”

“Every company which is going public is not good. In the SME segment, we are seeing absolute crazy subscriptions for companies that have not been around for long, comparing valuation to major companies. In the main board, I am not seeing many euphoric cases yet though it might get there. I am worried about that aspect.”

The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL.

Indian equities also rose after dovish commentary from a US Federal Reserve official elevated bets of rate cuts by as early as March 2024. Fed governor Christopher Waller flagged the possibility of lowering the interest rate in the months ahead if inflation continued to come down.

“ I continue to think local domestic money that is coming in mid and smallcaps will continue to fuel, it if it has to keep going ahead. From January onwards, results will show us how good the Diwali season is and if Diwali was really good in terms of earnings, we should see the consumer durables or the staple sector start to take more weight in the movements going forward.”

At the interbank foreign exchange, the rupee opened stronger at 83.30 against the dollar but slipped to 83.33. It later traded at 83.28 against the greenback, up 6 paise over its previous close.