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Granite has a huge demand across the world, which is likely to remain elevated in the near future. India exports granite to more than 147 countries in the world with a total value worth $747 million.It has started the process of acquiring land and started the process of planning and listing the resources required for mining.

A total of 3,081 shares changed hands on the counter till 10:15AM (IST)

“I must temper my expectations in alignment with lower interest rates. If interest rates go up, that will mean we will have a higher nominal economic growth rate because of higher inflation. My returns may be better. I need to align my inflation rate, my interest rate and my expectation from the market.”

Chemplast Sanmar Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 1187.55 Crore) operating in General sector.

The company reported a strong all-around rebound. IHCL reported a strong performance for Q1FY23 EBITDA margin at 29.8 per cent, which was the second highest in the past decade," said the brokerage.

The 30-share BSE Sensex was down 25.22 points at 58827.85

On the technical charts, the RSI of the stock stood at 51.28.

The stock quoted a 52-week high price of Rs 2849.0 and a 52-week low of Rs 1973.15.

The global cryptocurrency market cap was trading lower at the $1.08 trillion mark, dropping as much as 4 per cent in the last 24 hours. However, the total trading volume plunged almost 8 per cent, close to $68.63 billion.

"A major positive for India is that FIIs, who were relentless sellers from October 2021 to June 2022, have turned buyers in July and the buying momentum continues in August with net buying of Rs13,801 crore till 8th August. FIIs have turned buyers mainly because the dollar has stopped appreciating and started depreciating. (Dollar index has declined from above 109 to 106)," Vijayakumar said.