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The biggest advantage we have now compared to our competitors is we have started using biofuel from December 2022 and so the cost of fuel, which was a very tough factor for 22-23 has improved drastically and cost having come down,

The MCX October gold futures were trading down by Rs 71 or 0.12% from the Wednesday closing price at Rs 59,017 per 10 gram on the MCX while the December Silver futures were trading at Rs 72,214 per kg, lower by Rs 258 or 0.36%.

JPMorgan maintained an underweight rating on TCS with a target price of Rs 2650. The IT company announced a large deal win from JLR worth $1bn TCV over five years.

The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices. Forex traders said, massive selling of equities by foreign investors in the past few sessions and subdued market sentiment also put pressure on the Indian currency.

Promoters held 54.8 per cent stake in the company as of 30-Jun-2023, while FIIs owned 23.19 per cent, DIIs 11.2 per cent.

If Nifty closes above 19,679 on expiry, the strategy will start making a profit and as the risk is limited so will be the profit of up to Rs 6,050 only, he explained. "The maximum gains will be restricted because the gains of a long 19,600 strike call will be offset by the sold 19,800 strike call if Nifty closes above 19,800 on expiry," Palviya said.

“The prospect of higher-for-longer US rates is reigniting pressure, and investors will be cautious,” said Vijay Kannan, a macro strategist at Societe Generale SA in Singapore. “Specifically, EM Asia is more vulnerable to this dollar strength, given a much lower interest-rate differential and a greater exposure to a weaker China growth outlook.”

​When such a formation occurs after a strong downtrend, the current trend tends to reverse.​

That poses risks as gauges of small and mid-cap shares show signs of overheating, and as the domestic economic outlook becomes more clouded ahead of national elections next year.

“Now that we are going to enter the post monsoon credit season wherein you will find that deposit growth actually accelerates further ahead of the credit growth. That being the case, we will probably see the incremental CRR getting revoked.”