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UPL reported net income for the fourth quarter that missed the average analyst estimate.
Asian Paints reported net income for the fourth quarter that beat the average analyst estimate.
COMMENTARY AND CONTEXT
Price Hikes, Better Demand Aid Consumer Goods Makers In March Quarter: Nielsen
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The Indian rupee is poised to decline by the most in almost a month amid lingering concerns over the deadly impact of coronavirus that threatens to weigh on the nation’s economy.
Why Lockdowns Will Be More Punishing For Two-Wheeler Dealers
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NLC India Ltd. rose gained for a fifth straight session with trading volume was 74 times the average for this time of day. The stock was the best performer among its peers.
The Sensex has surged about 90% from its March 2020 low, boosted by foreign inflows of $23.3 billion last year and optimism that stimulus measures will help engineer a strong economic revival.
The market “is completely ignoring the present situation,” said Samir Rachh, who oversees Rs 13,000 crore ($1.8 billion) of assets at Nippon India Mutual Fund in Mumbai. Recent gains have been “driven by a huge amount of liquidity,” he said. [Reads more on it here]
MSCI announced changes to its global standard indexes under its quarterly index review, effective at the close on May 27.
Rupee Gains Under Siege as Health Crisis Fuels Lockdown Fears
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