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The Nifty Auto index closed 0.13 per cent up at 12115.3.

The estimated cost of the project is Rs 2,600 crore, the company said. The estimated date of commissioning the project is 24 months from the date of execution of the PPA, Torrent Power said. The term of the PPA is 25 years from the scheduled commercial operation date at a tariff of 2.94 per kWh (kilowatt hour).

“For India, both goods and services are doing quite well. There is a pent-up demand in a lot of things. In general, we are playing the consumer discretionary stocks which are now benefiting from decent demand and easing in commodity price pressures. However, I don’t think the margin improvement in discretionary, auto, etc, will show up immediately.”

"Spot gold prices for 24-carat gold in Delhi fell by Rs 163 reflecting overnight fall in COMEX gold prices," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

The Nikkei share average closed 0.62% higher following the afternoon session.It had opened 0.63% lower this morning after overnight CPI data showed U.S. inflation topped 9% in June, but quickly regained ground once the yen hit 138 to the U.S. dollar for the first time since 1998.

The brokerage reiterated a buy call on GRSE with a revised target price of Rs 400 on the counter, signalling an upside potential of 75 per cent from its price of Rs 230 on Thursday, July 14."We are optimistic on India’s defence indigenization story with GRSE entering the critical ‘Bell Curve’ of the shipbuilding cycle," said the brokerage. However, it has not yet factored in the next-generation Corvette order.

“We are very confident of H1 and we are cautiously optimistic as far as the H2 is concerned but I do not think there is any immediate significant red flag at this point of time. So overall we feel that we should continue on the trajectory of profitable growth as we have always been calling out. ”

“As soon as the rain stops in Gujarat and Maharashtra etc. further sowing will take place. Rainfall plays an important role in the consumption of agrochemicals because of the diseases and the pests that accompany rains. Higher consumption of agrochemicals is expected and the offtake is much better in July compared to June.”

The solar energy giant added that sales of energy saw a rise to 3,550 million units in the quarter ended June 2022 as compared to 2,054 million units in Q1 FY22, a 73 per cent YoY increase.Following the update, Adani Green hit a low of Rs 1,931 but recouped most losses to trade flat at Rs 2,070.70 in the afternoon session.

The stock started its journey of higher highs and higher lows from above Rs 40 levels recorded in March 2021 to January 2022, where it witnessed some profit-booking.Titagarh Wagons slipped below the crucial 50 and 200-DMA in February 2022 on daily charts but quickly created a base above Rs 75 on 24 February after which it bounced back sharply to climb above Rs 100.