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Independent Analyst Manish Shah said, the sizes of the candle bodies are progressively reducing, as Nifty50 is approaching its all-time high of 18,640.

The partially convertible rupee settled at 73.92/$1 as against 73.91/$1 at the previous close. The Indian currency, which opened at 73.7560/$1, moved in a band of 73.76-74.06/$1 in during the day.

The Nifty Auto index closed 0.35 per cent up at 11686.15.

Anand Rathi is estimating profit at Rs 3,439.40 crore, down 13.6 per cent YoY. It sees the sales figure at Rs 21,833 crore, up 11.3 per cent YoY. Margin is seen plunging 482 basis points YoY to 23.4 per cent.

RIL proposes to invest Rs 5 lakh crore in the state over the span of 10 to 15 years to set up 100 GW renewable energy power plant and green hydrogen eco-system development,” the company said in a statement.

On Thursday, Tata Steel, Jindal Steel, JSW Steel and SAIL rose between 2-7 per cent.

“Technology as a sector should be underweight for this year. I believe that at valuations which are 60-70 per cent higher than average last 10 year valuations combined.”

External debt worth $256 billion matures over the next 12 months, according to the September data released by the finance ministry. This is about 43 per cent of the September external debt outstanding at $596 billion.

“This quarter’s numbers should be good and, overall, we are positive on the BFSI space for this quarter.”

“The demand for loans from the informal sector borrowers continues to remain very strong," managing director PN Vasudevan said.