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Gandhar Oil is a leading manufacturer of white oils with a growing focus on the consumer and healthcare end-industries. Its product suite comprised over 350 products primarily across the personal care, healthcare and performance oils, lubricants and process and insulating oils divisions under the Divyol brand.

Gold prices surged to a fresh swing high as the dollar and Treasury yields fell in the wake of expectations that Federal Reserve was done with raising interest rates, Saumil Gandhi, senior analyst of commodities at HDFC Securities, said

The short-term trend of Nifty continues to be range-bound. The present consolidation pattern could eventually result in a decisive upside breakout of the hurdle at 19900 levels from here or from slightly lower levels. The anticipated upside breakout could pull Nifty towards the new all-time highs. Immediate support is at 19,650 levels, said Nagaraj Shetti of HDFC Securities.

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Short covering is done to avoid loss on a short position when prices start moving upward

India is in a different growth cycle, where aggregate earnings continue to grow faster than expected. The September quarter saw India Inc’s earnings grow by 32% versus expectations of about 25-26%, he said.

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The dollar index was last quoted lower at 103.32 and was hovering close to its weakest level in nearly four months. Asian currencies jumped led by the offshore Chinese yuan, which rose over 0.3%

The Nifty Bank closed in the positive for the second consecutive day in a row on Tuesday, but it failed to hold on to the gains and made a bearish candle

SoftBank, which floated a little less than 10% of Arm shares in the IPO, had ¥6.7 trillion ($45 billion) in cash and cash equivalents as of end-September. That cash pile’s prompted a flurry of new investments by SoftBank’s billionaire founder Masayoshi Son, as well as talks with OpenAI’s ousted co-founder Sam Altman about helping to fund a possible chip startup.