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The currency gained slightly at the open as Asian currencies and stocks rose, taking heart from U.S. data on Friday showing inflation cooled in November, which could likely discourage the Federal Reserve from hiking interest rates sharply.

“It is business as usual and it will be done by us. They are taking this to increase their bandwidth and also for us to develop the revenues and will be EPS accretive. All these things will come and create value for us and to the shareholders and mainly the customers who will get more offerings from our platforms.”

Garden Reach Shipbuilders & Engineers, incorporated in the year 1934, is a Small Cap company (having a market cap of Rs 4881.06 Crore) operating in Shipping sector.

Despite seeing a dent in earnings performance due to the spike in raw material prices and subdued international demand in 2022, shares of the country’s largest steelmaker have given positive returns for three consecutive years.

The strong credit growth and a major clean-up of the balance sheet drove public sector stocks, while the government’s push to increase spending on infrastructure and domestic manufacturing propelled the railways and defence sector outlook.

Bitcoin rose 0.31% and held near the $17,000 mark, whereas Ethereum was comfortably trading above $1,200 levels. At the same time, Litecoin outperformed its larger peers and was up 5%.

Higher lows over three months and support buyingseen near 1200 zones making room for upside.

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Nifty looks set to end December on a negative note after 2.5% loss seen last week where the cuts were even sharper in the broader market. The weekly price action formed a bear candle carrying a lower high-low, indicating the extension of corrective bias.

As we look ahead, the profitability of PSUs is shooting up across domestic as well as global cyclical with a turnaround in the fortunes of PSU Banks driving the overall trend. Higher commodity prices over the past two years have aided the P&L and balance sheets of Metals/O&G PSUs.