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A total of 16,735 shares changed hands on the counter till 11:26AM (IST)

The Nifty IT index was trading 0.46 per cent at 43257.25.

B Prasanna from ICICI Bank discusses the recent depreciation of the Indian rupee due to global dollar strength, suggesting that allowing the rupee to depreciate, injecting liquidity, and considering a rate cut could support growth. He downplays concerns about macroeconomic impacts, citing low inflation and the potential for improved export competitiveness.

Shares of CreditAccess Grameen dropped 5.1% after Goldman Sachs maintained a ‘sell’ rating, citing liquidity pressures and increasing delinquencies, with a target price of Rs 577 per share.

BSE share price: Nuvama forecasts significant growth for BSE, projecting a compound annual growth rate (CAGR) of 39.9% for revenue and 70.8% for adjusted profit after tax (APAT) from FY 2024 to 2027.

As of 31-Dec-2024, promoters held 62.55 per cent stake in the company, while FIIs held 9.88 per cent and domestic institutional investors had 9.89 per cent.

Stallion India Fluorochemicals has set a price band of Rs 85-90 per share for its IPO. Stallion India aims to raise Rs 199.45 crore through the initial share sale of 2.21 crore equity shares, which includes a fresh issuance of 1.78 crore equity shares worth Rs 160.73 crore and an offer-for-sale of 43.02 lakh shares worth Rs 38.72 crore by promoter Shazad Sheriar Rustomji.

Infosys is expected to report YoY revenue growth of 4.8% to 6.7% in Q3FY25, driven by strong deal wins despite seasonal furloughs and currency headwinds. Net profit is projected to grow between 5.4% and 12%. Key aspects to monitor include cost management, banking sector performance, and demand revival.

A long buildup occurs when both open interest (OI) and trading volumes rise alongside an increase in the underlying stock price.

The stock quoted a 52-week high of Rs 4801.40 and a 52-week low of Rs 3060.00.