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“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.

Hatsun Agro Products Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 20504.38 Crore) operating in FMCG sector.

India eliminated a levy on gasoline exports and cut windfall taxes on other fuels less than three weeks after they were imposed, offering relief for the nation’s fuel exporters and top crude explorers. Following the update, shares of Reliance Industries (RIL) rallied more than 4 per cent to Rs 2545.05, topping Rs 17 lakh crore m-cap, before giving up partial gains. The scrip had settled at Rs 2,442.20 on Tuesday.

If approved, this would translate into Rs 2.25 lakh crore of the provident fund money going into the stock market over the next few years, a top government official told ET.

This is second consecutive year of Rs 1,000 crore investment lined up by the two-wheeler major from South India, a part of which will go into doubling its EV production capacity to 25,000 units a month by the end of this year and further increasing it to 50,000 units a month in the fol

Stocks that were in focus include names like Tube Investments which rallied more than 12 per cent, GE Shipping which closed with gains of nearly 7 per cent, and Pidilite Industries which made higher highs and higher lows -- a bullish sign.

dollar retreated on Wednesday as the euro extended its overnight bounce on relief Europe might be able to avoid the worst fears concerning energy shortages, and on the chance the European Central Bank may deliver a more aggressive rate hike. "If we do see Russian gas flows resume tomorrow, that will be good news for the euro/dollar and in the near term, euro can get a little boost and get away further from parity," said Carol Kong, a currency strategist at Commonwealth Bank of Australia.