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Movement of the rupee, Brent crude and foreign institutional investors investment trend would also be looked at by market investors for further direction
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In April, the total net outflow from the Indian capital markets (both equity and debt) stood at Rs 9,435 crore
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Value migration creates massive opportunity for sectors which see value inflow.
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Reliance Industries' market valuation has jumped by Rs 59,590.77 crore to Rs 13,28,049.94 crore.
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The company is working towards strengthening its supply chain and digital back-end as it expects e-commerce play to outpace the growth of previous years across all its brands
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Dish TV's scrip stood out, rallying from Rs 9.27 to Rs 15.89. Lux Industries (up 71.17%), HFCL (up 63.13%) and Venkys (India) (up 51.52%) are the the other stocks that rallied over 50% this month
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This week, both Nifty and Money9 Covid25 touched their record highs of 15,469 and 312.67, respectively
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The movement of the rupee against the dollar and crude oil prices, the movement in global stock markets will dictate trend on the bourses in the near term
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The true picture of damage by the Covid-19 second wave will only be visible in the June quarter results but until then, management commentaries will continue to guide Dalal Street
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It was alleged that Axis Capital had amended the Share Purchase Agreement (SPA) on October 5, 2010, after the issuance of "observation" letter by Sebi on October 4, 2O10