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The partially convertible rupee was last at 77.73/$1, unchanged from the previous close. The 77.73/$1 level was the record closing low that the domestic currency settled at on May 19.

Sharing his outlook, he said that this is the market where valuations are fair and are in line with the historical average valuation. Investors should maintain neutral or equal weight asset allocation.

Indigo Paints Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 7346.08 Crore) operating in Building Materials sector.

The Nandesari explosions occurred on June 3 at around 6 pm, while there was no casualty, the company said a few people underwent medical treatment.

A total of 13,788 shares changed hands on the counter till 11:32AM (IST)

“First comes the agri-related companies. Valuations of PI Industries, United Phosphorous and a number of companies in that space are extremely attractive. These are recession and external-shock proof . Second, IT stocks which have corrected significantly but where the outlook remains extremely strong. The third is small ticket consumer discretionary stocks. Companies like Voltas, Havells look good.”

The stock quoted a 52-week high price of Rs 512.05 and a 52-week low of Rs 323.65.

The Nifty IT index was trading 0.32 per cent down at 29377.1.

Ador Welding Ltd., incorporated in the year 1951, is a Small Cap company (having a market cap of Rs 929.80 Crore) operating in Industrial Equipment sector.

A total of 10,986 shares changed hands on the counter till 10:20AM (IST).