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The Reserve Bank of India has been selling dollars to alleviate the depreciation pressure on the rupee due to the surging dollar and foreign portfolio outflows. e central bank sold a net of $19 billion from its reserves in July alone to prevent the rupee from falling much below 80.

3M India Ltd. key Products/Revenue Segments include Sale of Products, Sale of services, Scrap for the year ending 31-Mar-2022.

The Relative Strength Index of the stock stood at 67.72 on Thursday.

As of 30-Jun-2022, promoters held 43.49 per cent stake in the company, while FIIs held 34.54 per cent and domestic institutional investors had 2.02 per cent.

The S&P BSE Sensex plunged more than 400 points while Nifty50 broke below 17600 in the first 15-minutes of trade. The rupee hit a record low against the Dollar at Rs 80.40 per USD compared to Rs 79.98 per USD recorded in Wednesday’s session.

Orient Electric Ltd., incorporated in the year 2016, is a Mid Cap company (having a market cap of Rs 5800.09 Crore) operating in Consumer Durables sector.

Gold is considered an inflation hedge, rising interest rates increase the opportunity cost of holding the non-yielding asset and bolsters the dollar, in which the bullion is priced. Gold prices has retreated from its low after Russia ordered a partial mobilisation to defend its sovereignty, said Ravi Singh, Vice President and Head of Research, ShareIndia

Shares of Fortis Healthcare plunged 16 per cent to Rs 263 on Thursday. The had stock ended the previous session at Rs 311.20 on BSE.

“We are seeing a decent amount of interest coming through in almost every sector with the exception of perhaps commodities and software companies where the earnings may be slightly on the softer side. But by and large, we should see a very good earning season. That is driving a lot of interest into stocks. ”

A total of 1,825 shares changed hands on the counter till 11:16AM (IST)