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Axis Bank, Maruti, Reliance, Tata Steel, Titan and L&T end the session with cuts

Axis Bank, Maruti, Reliance, Tata Steel, Titan and L&T end the session with cuts

“The first quarter is usually very strong. The second quarter is the weakest quarter. The third quarter is the second biggest quarter in the year and the fourth quarter is also okay. That is why the first half and the second half usually equal out. So we are on track and because the growth trend is good, we have exceeded our budgets in the first half.”

“The first quarter is usually very strong. The second quarter is the weakest quarter. The third quarter is the second biggest quarter in the year and the fourth quarter is also okay. That is why the first half and the second half usually equal out. So we are on track and because the growth trend is good, we have exceeded our budgets in the first half.”

The Chinese yuan reversed earlier losses to surge, pulling up most of Asian emerging currencies along with it, as the dollar index fell 0.5% to 110.95 ahead of the outcome of Fed meeting.The U.S. benchmark 10-year yield also dropped 9 basis points to 3.9839%, nearly 23 bps off its peak this month.

The Chinese yuan reversed earlier losses to surge, pulling up most of Asian emerging currencies along with it, as the dollar index fell 0.5% to 110.95 ahead of the outcome of Fed meeting.The U.S. benchmark 10-year yield also dropped 9 basis points to 3.9839%, nearly 23 bps off its peak this month.

ICICI Direct believes HAL has a big opportunity in both manned and unmanned combat aerial vehicles, helicopters and aero engines. With the development of Kaveri engine variants for different UCAVs, manufacturing of other aircraft engines and maintenance, repair and overhaul (MRO) of these aircraft and engines, the brokerage believes HAL is a multi-year growth story with significant growth potential.

ICICI Direct believes HAL has a big opportunity in both manned and unmanned combat aerial vehicles, helicopters and aero engines. With the development of Kaveri engine variants for different UCAVs, manufacturing of other aircraft engines and maintenance, repair and overhaul (MRO) of these aircraft and engines, the brokerage believes HAL is a multi-year growth story with significant growth potential.

The Nifty Auto index closed 0.26 per cent up at 13416.9.

The Nifty Auto index closed 0.26 per cent up at 13416.9.