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Canara Bank, incorporated in the year 1906, is a banking company (having a market cap of Rs 67803.12 Crore).

MCX December gold futures were trading flat at Rs 60,955 per 10 gram, up by Rs 3. They are at five month high levels. Meanwhile, the December Silver futures were trading at Rs 71,732 per kg, higher by Rs 152 or 0.21%.

“Only two big categories of companies have reported numbers – financials and IT. IT has been more or less a whitewash as was expected. That is one big segment of the market I am not looking at. But the financials have done very well. On the auto side also, Bajaj Auto results are very encouraging and across the board we will see decent results from auto.”

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement.

The rupee continued its downward trend for the third consecutive session to close 8 paise lower at 83.25 against the US dollar on Thursday, dragged down by massive selling in equity markets and strengthening American currency overseas.

The U.S. economy surged at the fastest growth pace in nearly two years in the third quarter, again defying dire warnings of a recession.

Stocks that were in focus included names like BSE, which rose 1.97%, Jubilant Food, which declined 3.84%, and Vodafone Idea, whose shares dropped 0.53% on Thursday.

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