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‘Some of the beaten down banks are better off’

Updated at : 2022-11-12 18:20:01

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​"The auto space, even two-wheelers, are showing better numbers of late. So, auto, auto ancillaries could possibly be the ones where one could train her focus for the next six months largely because of the fact that they are beaten down available at a comparatively lower price to its previous highs. Opportunity- wise, I think the situation is getting better as far as auto is concerned."

Gold climbs Rs 294; silver rises Rs 638

Updated at : 2022-11-12 17:20:01

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"MCX Gold December future has surpassed the crucial resistance of Rs 52,100 and headed towards the next target of Rs 52,600," said Vinay Rajani, Research Analyst at HDFC Securities.

The company, earlier known as Ruchi Soya, said the quarter witnessed multiple headwinds in the edible oil segment

"We believe our ability to drive interoperability between our products will be the key growth driver for RateGain over the next two years."

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"Our market-beating performance in domestic business was sustained through growth in our organic portfolio, with big brands getting bigger; and significant demand acceleration in acquired brands which have seamlessly transitioned in a short period," company CEO and Wholetime Director Nikhil Chopra said.

Volatility continued to slide; India VIX came off by another 7.98% to 14.40; this is one of the lowest levels seen this year. The coming week is likely to see a stable start

"Factor investing is a quantitative strategy that captures company-specific attributes (like valuation, quality, etc.) that have contributed to a company’s outperformance over the broader market."

"Bank Nifty will sustain its bullish momentum. The banking index on the weekly timeframe has witnessed a bullish breakout above its horizontal trend line, which is placed at 41,800 levels. "

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The move comes days after larger rival Binance walked away from a proposed acquisition and left it scrambling to raise about $9.4 billion from investors and rivals.

From its June lows, the Nifty 50 is up about 21%, and FIIs have net bought Indian equities in four out of the five months since July. Between July and November, FIIs have poured in over $10 bln into the domestic market.

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