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“Either from an export or domestic perspective, the order books look to be fairly robust for many of the industrials. Since they have not been part of the portfolio and have not shown quite a lot of growth except for the last six months or so, that is a sector which is likely to attract significant interest from an institutional perspective. ”

During the week, the domestic market saw a bull run, led by consolidation in commodity prices, and reduced FII selling. Crude prices fell over recessionary fears, Vinod Nair, Head of Research at Geojit Financial Services, said.

Craftsman Automation Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 5241.41 Crore) operating in Auto Ancillaries sector.

A total of 50,368 shares changed hands on the counter till 10:00AM (IST)

"Many of the commodities be it crude, wheat, or copper, which have seen significant falls since June, have now started to recoup losses. Having bounced off 97, the level that has held multiple bear attempts since March 2022, we could see a swing towards $111/bbl for Brent Crude. The cool-off in commodities has been a significant relief for consumer durable and capital goods sectors. "

On the upside, 200-DMA of Rs 4,200 is an immediate hurdle; above this, we can expect a rally towards the Rs 4,400-4,500 zone. On the downside, Rs 3,750 is an immediate support level, while Rs 3,400 has become a base. Momentum indicators are positively poised to support the breakout.

The board of Techno Electric & Engineering will meet today to consider share buyback while the board of Samor Reality will meet to consider the issue of warrants.

Analysts at Ambit Capital said although TCS’s revenue growth of 3.5 per cent QoQ in constant currency terms was in line, margins missed materially and headline commentary was unchanged.

Raymond Ltd., incorporated in the year 1925, is a Mid Cap company (having a market cap of Rs 6456.99 Crore) operating in Textiles sector.

The global cryptocurrency market cap was trading lower at the $916.63 billion mark, dropping as much as 3 per cent in the last 24 hours. However, the total cryptocurrency trading volume dropped marginally to $54.18 billion.