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The board of Balrampur Chini will also mull buyback of shares other than the quarterly results. The Byke Hospitality’s board will deliberate the issue of warrants.

“Most of the time, we are fully deployed. Out of every Rs 100 we get, Rs 80 goes into equity and Rs 20 goes into debt because anyway our asset allocation model takes a call which indirectly changes our allocation from equity to hedged equity. We do not take any additional cash call in our portfolio but that 20% which is in debt is into very liquid debt. As and when required, we can easily liquidate it to create cash.”

The S&P BSE Sensex rose more than 200 points while the Nifty50 reclaimed 18200 levels on Monday.

"To manage volatility in the fund, it is important to match the investment horizon of investors with the average holding period of the fund’s investments. This is something that we at PPFAS Mutual Fund have been very vocal about. In most of the marketing collaterals, we have put a stamp that says, “This scheme is suitable for investors who can remain invested for at least 5 years. This helps in weeding out the short-term investors," says Raj Mehta.

As forex traders chose to unwind long positions on bets that the US midterm elections would hurt the dollar and bolster equities if the Republican Party wrests control of one or both houses of the US Congress from the Democratic Party, the US dollar index declined below the 110 level.

Sundaram Finance Ltd., incorporated in the year 1954, is a Large Cap company (having a market cap of Rs 26246.62 Crore) operating in NBFC sector.

For citizens of most countries, exchange rate is not a big deal and nations like Japan and China actively try to weaken their currencies to help businesses export more. In India, a weak rupee has always been seen as a pointer to economic woes. For instance, if there is runaway local inflation, the domestic currency gets debased as you need more rupees to buy the same quantity of goods and services.

The loss would have been much higher but for a one-time grant of Rs 22,000 crore from the Centre to compensate the losses accruing from keeping domestic LPG prices in check for households in spite of a surge in benchmark rates.

The European Central Bank will continue to raise borrowing costs even as the euro zone economy suffers because letting inflation stay high would be even more painful, two top ECB policymakers said on Tuesday.

Early midterm-election results showed several Republican senators had easily won re-election. Investors expect Republican gains, and some analysts view likely Congressional gridlock as a slight negative for the dollar if it limits fiscal spending.