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Lakshmi Iyer, CEO of Kotak Alternate Asset Managers, attributes pressure on the Indian rupee to a combination of Trump’s policies, FPI pullout, and rising oil prices. She notes that these factors, along with strong US macro data, are impacting Asian currencies, and suggests RBI’s interventions may be necessary despite declining forex reserves.

A total of 1,441,246 shares changed hands on the counter till 11:56AM (IST).

Gold February futures opened almost flat at Rs 78,375/10g on MCX, while silver March futures fell slightly. Over the past week, both gold and silver prices have risen significantly. With ongoing volatility in the dollar index and upcoming US inflation data, fluctuations in gold and silver prices are expected.

Brokerages suggest that liquor stocks, particularly United Spirits and Radico Khaitan, may see an upside potential of up to 19% due to strong Q3 earnings forecasts, a softer base effect, beneficial regulatory changes in Andhra Pradesh, and a rise in demand for premium products.

The stock quoted a 52-week high price of Rs 6764.80 and low of Rs 4518.35.

The other companies which could potentially benefit just because of the valuation correction would be the consumer names which we have been talking of that consumer names are more near the bottom and to that extent, they should be accumulated now and they always tend to outperform in a risk-off mode in any case.

IREDA share price: On January 9, IREDA announced its results for the quarter ending December 2024, reporting a 27% year-on-year (YoY) increase in net profit, which rose to Rs 425.38 crore from Rs 335.53 crore in the same period last year.

Oil prices hit their highest in four months as U.S. sanctions impact Russian crude exports to China and India. Brent and WTI have risen significantly, with tighter supplies expected. New sanctions target Russian oil producers and tankers, affecting global oil trade dynamics. Analysts predict short-term price increases due to these supply disruptions.

A total of 246,376 shares changed hands on the counter till 11:06AM (IST).