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The Relative Strength Index of the stock stood at 36.22 on Tuesday.

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"We use the funds freed from India to raise China from Market Weight to Overweight. China’s credit intensity still clouds long-term prospects but we like the country’s low oil import bill, insulation from Fed rate hikes, improving macro indicators and wealth of potential policy tools," CS said.

“Should there emerge a situation where the global investors are not being able to exit from Russia, they may be forced to exit from other emerging markets, then those funds can create further selloff in the market and that could lead to a capitulation situation in the Indian market as well.”

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At the interbank foreign exchange, the rupee opened on a weak note at 77.02 against the US dollar, then pared its initial losses and touched 76.73, registering a gain of 20 paise from the previous close.

Buy NMDC, target price Rs 166: ICICI Direct

Updated at : 2022-03-08 12:20:02

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NMDC Ltd. key Products/Revenue Segments include Iron Ore, Pellet, Sale of services, Diamonds, Power and Other Operating Revenue for the year ending 31-Mar-2021.

Jubilant Food shares gain 0.32% as Sensex falls

Updated at : 2022-03-08 12:20:02

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On the technical charts, the RSI of the stock stood at 23.99.

The Nifty Pharma index was trading 0.97 per cent up at 12669.05.

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India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 5796.63 Crore) operating in Cement sector.

The list included city gas distributors such as IGL and Mahanagar Gas, power producer Tata Power, heavy electrical equipment maker BHEL, broadcast satellite service provider Dish TV, NBFC Manappuram Finance and refiner MRPL.

Penny stocks have no defined theoretical definition. However, stocks in single digits or below Rs 10 are bracketed in this club. In this study, companies with a market cap of less than Rs 1,000 crore at the end of 2021 have been considered.

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