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Asian stocks broadly advanced on Friday ahead of the US jobs report due later in the day
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Many stocks in the sector are trading at their lifetime highs with valuations touching 2x of book value
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Nifty Metal, Nifty IT and Nifty Auto indices soared up to 2.5%
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The scrip settled 11.85% higher at Rs 59.95, while the benchmark BSE Sensex closed 272.21 points, or 0.56%, higher at 48949.76.
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On the BSE, 1,534 shares rose and 1,314 shares fell. A total of 147 shares were unchanged.
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ICICI Securities highlighted that the announcement is positive for small finance banks like Equitas, AU Small Finance Bank, Ujjivan.
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The regulator body, in its probe, found that all the six entities had engaged in price manipulation in the scrip of Biocon at NSE cash market during the last half an hour on June 29, 2017.
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Benchmark Indian equity indices opened on a positive note tracking Asain peers which were up on the back of U.S. stocks rebounded on Wednesday as strong earnings results and economic optimism. However, weekly options expiry might keep trading volatile. In opening trade, Sensex rose 166 points or 0.34% at 48,844; while the broader market index […]
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Tata Steel on Wednesday posted a consolidated net profit of Rs 7,161.91 crore for the quarter ended March 2021
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Overseas, most Asian stocks traded higher as investors look ahead to the US jobs report due later this week for clues about how long the Fed will stay on hold.