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“The results could be a key trigger for Reliance and I am interested in seeing how the entire succession planning plays out in all the three companies. Reliance has made significant investments in clean energy. More than a $12-13 billion capex plan was announced in the last AGM. I will also like to see how the Jio ARPUs are shaping up.”

“When the perceived strength of the US economy comes down, that is the point of time when there will be some correction. Logically, it means that from 80, we can go towards 81. How fast we go will depend upon how the RBI looks at it. RBI needs to ensure that the rate of depreciation in India is just about at the median level of all other comparable currencies.”

A total of 80,688 shares changed hands on the counter till 10:40AM (IST).

Heidelberg Cement India Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 4113.03 Crore) operating in Cement sector.

Wipro, Havells India, IndusInd Bank, Gland Pharma, Tata Communications, Oracle Financial Services Software, Syngene International, Mastek, Ceat and Hathway Cable are among the companies that will announce their quarterly earnings today.

"Indian equity market valuations today are better placed than what it was at the start of the year. So, if you are an investor looking to allocate to equities, then you may consider investing in a staggered manner over the next 12 months. A bottom-up stock picking approach will help reduce overall risk."

“In late April 2020, we almost doubled up our position in Bajaj Finance and that worked out for us. So this time around, we have loaded up heavily on Dr Lal Path Labs which has had a correction very similar to what Bajaj had in that run up to the initial Covid panic. Bajaj almost halved. Similarly, Dr Lal halved over the last six, seven months. ”

“Our belief is in the second half of the year, focus would move back towards growth where India stands favourably compared to the rest of the world, growth in India has been far more resilient. That is how we are approaching the entire macro situation at this point in time.”

Analysts say that while the rupee depreciation benefits exporters like IT, pharma, textiles, tea, speciality chemicals, autos and auto components, the extent of gains depends on many other factors. He said a clear beneficiary would be auto and auto component exporters who gain from the twin benefits of rupee depreciation and the recent decline in metal prices.

All the top crypto tokens were trading higher on Wednesday. Cardano surged more than 8 per cent, whereas Bitcoin, Shiba Inu and Avalanche rallied up to 5 per cent each. Solana, XRP and Dogecoin gained 4 per cent each.