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The US market has been soaring while the other markets have been moving sidewards or down. Emerging markets and Europe have never been this cheap compared to the US and if the conflict dissolved tomorrow, I would buy Indian shares and not US stocks, says Marc Faber, Editor & Publisher, The Gloom, Boom & Doom Report.

The global cryptocurrency market cap today jumped to the $1.80 trillion mark, adding almost 2 per cent in the last 24 hours. Total cryptocurrency trading volume zoomed more than 23 per cent to $97.07 billion.

“We import roughly 2% oil from Russia. Our dependence on Russia is very very small but we have made serious investments in Russia in the region of about $16 billion in oil and gas in three major fields. We also have investments in small fields. Can we bring all that to India?”

Zydus Lifesciences’ scrip climbed to a high of Rs 368 as against the previous close of Rs 359.35 on the National Stock Exchange. The stock gave up some of those gains to profit booking and was last trading 1 per cent higher.

"The outcome of the Uttar Pradesh election will be widely watched by markets because it will set the tone for how the ruling Bharatiya Janata Party approaches and prepares for the general elections in 2024," said Mohit Nigam, Head - PMS, Hem Securities.

SGS awarded the WHO GDP certification to Venus Remedies following an elaborate audit. Internationally accepted pharmaceutical GDP regulations stipulate that distributors of pharmaceutical products and warehouses must align their operations with the specified standards, reports said.

Govt appoints SBI MD Ashwini Bhatia as Sebi member

Updated at : 2022-03-10 12:35:02

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Bhatia, who is due to retire in May, this year, was elevated as the managing director of SBI in August 2020. Prior to that, he was working as the managing director and chief executive officer of SBI Mutual Fund.

The partially convertible rupee opened at 76.2150 per US dollar as against 76.5600 per US dollar at close. The rupee, which was last at 76.3300/$1, moved in a range of 76.2600-76.4150/$1 so far in the day.

Hindustan Petroleum Corporation Ltd., incorporated in the year 1952, is a Large Cap company (having a market cap of Rs 39513.66 Crore) operating in Gas & Petroleum sector.

“Maybe buy half of HDFC Bank now and wait out to see if the markets give another leg down over the next few weeks. The downside on HDFC Bank as per me is pretty limited because typically even if the interest rate hike cycle starts, HDFC Bank weathers it very well compared to most other banks especially PSU banks.”

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