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“These are crucial to enable handling of large volumes as fewer docks in smaller hubs choke parcels’ express movements during peak hours. The management aims to handle volumes more than the industry average,” the brokerage said on Wednesday.

“Oil prices have been very high so far and we have done that without Chinese demand. For most of the first half of the year, China has pretty much been struggling with these lockdown issues. So as China comes back with the government pushing for economic growth, then we are heading for higher oil prices.”

The most-traded July copper contract in Shanghai slipped 2.9% to 66,030 yuan ($9,848.02) a tonne by the midday break, hitting its lowest since late-August.

Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 100119.58 Crore) operating in Gas & Petroleum sector.

"The Indian Rupee opened stronger against the dollar this Thursday morning, tracking a further pullback in crude oil prices," said Sriram Iyer, Senior Research Analyst at Reliance Securities.

A total of 326,989 shares changed hands on the counter till 10:30AM (IST)

Bitcoin has fallen 0.39 per cent in the last 24 hours but was holding above the $20,000 level at $20,412.21, taking its one week slide to 8.8 per cent.

"All exporters will benefit from depreciation of the Indian rupee (INR). The two significant sectors are IT and pharma. IT and pharma contribute 15 percent and 5 percent respectively to Nifty’s earnings and, therefore, INR depreciation can be a tailwind for Nifty’s FY 23 earnings, too. Specialty chemicals, textiles, and certain segments of autos also stand to gain from INR depreciation."

“We have already initiated coverage in Eureka Forbes and Burger King and are looking to add them to the portfolio. Those are two stocks to look out for going forward. A lot of PSU stocks are also looking really attractive. Even Coal India, NTPC and ONGC can be added to your portfolio.”

Elecon Engineering Company Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 3025.47 Crore) operating in Engineering sector.