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US consumer confidence fell sharply in June, following a decline in May, as concerns over high inflation left US consumers anticipating weaker economic growth in the second half of the year, the US Conference Board said overnight.

"As equity markets decided that a recession isn’t good for stocks, after all, the Dollar index managed to unwind almost all of last week’s retreat in just one session. The dollar-yen exchange rate was back above 136 this morning, and the Indian rupee took a pasting to a new all-time low," said Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA.

The Equity Valuation Index indicates that overall market valuations have moderated from their recent peak amidst rising global uncertainty

“Till now, the rupee had outperformed on a 12 months basis. The dollar index is up 14%, rupee had fallen 7% but today for example, we are seeing the rupee making lifetime lows consistently and RBI does not seem to be holding the level. There is still a lot of money that FIIs have put into India and only a very small fraction of that has gone out. It will return when there is a durable peak of the dollar and they are sure of the rupee reaching a level.”

Gold futures on MCX dropped marginally, down 0.10 per cent or Rs 51 at Rs 50,771 per 10 grams. Silver futures traded lower, down by 0.45 per cent or Rs 272 at Rs 59,921 per kg.

The stock quoted a 52-week high of Rs 2587.95 and a 52-week low of Rs 1900.5.

EPL Ltd., incorporated in the year 1982, is a Mid Cap company (having a market cap of Rs 4813.87 Crore) operating in Packaging sector.

The stock with a market capitalisation of about Rs 1,000 crore has been witnessing strong price action in the last week as well as on a one-month basis.

As of 31-Mar-2022, promoters held 49.5 per cent stake in the company, while FIIs held 28.23 per cent and domestic institutional investors had 0.69 per cent.

A total of 3,871 shares changed hands on the counter till 10:40AM (IST).