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At the interbank forex market, the local unit opened weak at 82.77 against the greenback and witnessed an intra-day high of 82.76 and a low of 82.86.It finally ended at 82.82 against the American currency, registering a fall of 2 paise over its previous close of 82.80.

“There will be opportunities in financials and right now, many of them are elevated. So, on corrections, we need to have allocations for that. I am still wary of technology and commodities in general and then there will be specific opportunities in individual companies which we will need to capture. ”

The rupee ended largely unchanged at 82.8575 per dollar. It fell up to 82.9225 during the session, though moved in a narrow 10-paisa range.The 82.80-82.90 has acted as a strong support zone for the currency over the past two weeks.

As of 30-Sep-2022, promoters held 62.55 per cent stake in the company, while FIIs held 11.85 per cent and domestic institutional investors had 7.07 per cent.

Mahindra CIE Automotive, incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 12860.76 Crore) operating in Auto Ancillaries sector.

This stock recently touched its 52-week low and in the last 15 years, only 1.11% of trading sessions saw intraday gains higher than 5%. “It is so boringly safe that nobody loves it,” said Sekhar.

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Apart from credit growth and refinancing, the market condition is conducive, if you look at the long-term rates for bonds," said Soumyajit Niyogi, director, core Analytical Group at India Ratings and Research. "So they are beefing up capital.Indian state-run and private banks raised an aggregate of 611.94 billion rupees ($7.39 billion) in October-December, more than double the 301.34 billion rupees raised in July-September, according to data compiled by Reuters.

Axis Securities has buy call on Mas Financial Services with a target price of Rs 955. The current market price of Mas Financial Services is Rs 792.55.

Hindustan Unilever, incorporated in the year 1933, is a Large Cap company (having a market cap of Rs 599545.20 Crore) operating in FMCG sector.