Sensex opened 250 pts up while Nifty topped 15,800; eClerx rallied 20%, Marksans Pharma 19%. Domestic stocks had been expected to open on a flat note, despite Wall Street gains overnight. DLF, BHEL, Sun TV: DLF, Bharat Heavy Electricals (BHEL), Sun TV Networks, CG Power and Industrial Solution, Edelweiss Financial Services NSE, BEML, DFM Foods, Cochin Shipyard, Heranba Industries, India Power Corporation and Lumax Industries are among the companies that will announce their March quarter results today.
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Marksans Pharma hits upper cicuit as company considers preferential allotment
Price as on 11 Jun, 2021 11:03 AM, Click on company names for their live prices.
Rupee surges 14 paise to 72.92 against US dollar
The Indian rupee strengthened by 14 paise to 72.92 against the US dollar NSE 0.23 % in early trade on Friday supported by positive domestic equities and weak American currency. At the interbank foreign exchange, the domestic unit opened at 72.97 against the dollar, then gained further ground and touched 72.92, registering a rise of 14 paise over its previous close.
Power stocks show true grit: Power Grid, NLC, Kalpataru, NTPC, JSW Energy in green
Price as on 11 Jun, 2021 10:47 AM, Click on company names for their live prices.
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Covid-related stimulus measures may be extended and expanded
Covid-related relief programmes and stimulus measures could be extended, given greater funding and expanded to support more businesses and sectors hit by the pandemic, reports ET. Additionally, with many states beginning to relax curbs, the finance ministry will push ministries for a quick rollout and frontloading of the Rs 5.54 lakh crore capital spending announced in the budget. Income tax breaks provided to the construction and real estate sector may be extended. The rural employment scheme could be given more funds to provide assistance until the economy opens up fully and people are able to return to regular work.
Monsoon tracker: A strong start, says Barclays India
According to a Barclays India report, after an early onset, the southwest monsoon is slowly spreading across the country. Cumulative rainfall during 1-10 June was 21% above the long-period average (LPA), though it is too early to gauge the sustainability of this trend. The geographical distribution remains favourable, with all parts of north and central India receiving above-normal precipitation. Rainfall is expected to pick up in the coming weeks as the monsoon progresses across different parts of the country.
Integrated steelc companies all trending up
Top gainers in auto ancillaries: Minda, Federal Mogul, Bosch & SKF India
Price as on 11 Jun, 2021 10:25 AM, Click on company names for their live prices.
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eClerx Services rallies 20% after robust Q4…
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