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Olectra Greentech (OGL), a subsidiary of Megha Engineering and Infrastructures (MEIL), is set to offer the next-generation transport system to the Indian market, a statement stated

In the aftermath of an explosive report by Hindenburg Research brought out a month ago, Adani stocks have lost up to 81% of their value

"We also are seeing a lot of road building in India and there is a direct correlation between the roads that are built and cars that are sold once the roads are all in and people also travel intercity. The government is doing a lot towards building good quality highways. So people will travel long distances or at least mid-distances interstate and that is where the demand for premium and luxury cars will shoot up. "

Sectorally, buying was seen in banks, financials, auto, pharma, IT, and FMCG stocks while some selling was visible in metal and media stocks.

“Almost half of India needs spectacles and their number is growing to almost 70-80%. I do not get into market size etc. All I know is that half a billion plus people need glasses and that number is growing. We are largely focussing on India and we have Owndays. So we have a lot to do. Nothing more right now.”

The relief that a weaker dollar will bring to the world economy cannot be overstated. Import prices for developing nations will fall, helping to lower global inflation. It’s also likely to boost the price of everything from gold to risk assets such as equities and cryptocurrencies as sentiment improves.

During an investor call with the brokerage, the management said it sees benefits from the ongoing fleet expansion drive in defence and that EBITDA margin during the quarter was lower due to all the recent orders coming via competitive bidding

Deepak Nitrite, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 24604.62 Crore) operating in Chemicals sector.

Formed long leg Doji candle which indicates astrong possibility of a fresh uptrend.

The Nifty IT index was trading 0.07 per cent up at 30619.05.