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A total of 2,732 shares changed hands on the counter till 11:07AM (IST).

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The overall structure of the counter is lucrative, as it is trading above all its important averages. The momentum indicator MACD (moving average convergence divergence) is sustaining the current strength, and the RSI (relative strength index) is also poised positively.

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Shares of Mazagon Dock Shipbuilders, a public sector defence company, have surged about 187% since the last Holi. Other notable names, where investors have enjoyed bumper returns include, Ujjivan Financial Services (145%), Varun Beverages (115%), Kirloskar Ferrous Industries (101%), among others.

Power Finance Corporation, incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 40960.86 Crore) operating in Term Lending Institutions sector.

Underlying inflation in the euro zone will stay high in the near term, so a 50 basis-point European Central Bank interest rate increase later this month is increasingly certain, ECB President Christine Lagarde told Spanish media group Vocento.

Industry revenue has roughly tripled from the $36 billion in 2018, according to the report. Gross margins from independent trading houses far outstripped others in the sector. For the first time, the consultancy’s analysis split out hedge fund numbers into their own section, having merged them with others beforehand.

The Reserve Bank of India’s project to shore up foreign currency reserves would be hampered by as foreign portfolio investors offload their investments in the Indian capital markets in the hunt of better returns from US bonds, pushing the central bank to sell dollars to ease currency volatility, experts said.

The RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.