Tue, Feb 20, 2024 12:49 PM
Markets end at an all time high on Monday; Will the rally continue?
A Flip by Avya Verma
The rupee declined 14 paise and touched the crucial 86.00-mark (provisional) for the first time against the US dollar on Friday as it failed to resist pressure from a stronger American currency and huge outflow of foreign funds. Surging crude oil prices overseas and negative sentiment in domestic equity markets also weighed down the Indian currency, forex traders said.
Open Flip
📌 Mirae Asset Capital Markets recommends eight stocks with significant upside potential, including📌 Ashok Leyland, 📌Coforge,📌 Federal Bank,📌 HCL Technologies, 📌Varun Beverages,📌 KIMS,📌 Rainbow Children Medicare, and📌 Uno Minda, driven by their strong market share, order intake growth, solid loan growth, and expansion plans.
Open Flip
Shares of Anand Rathi Wealth Ltd. surged another 4.5% on Friday, adding to Thursday's 2.7% advance. The stock ended 4% higher for the week, outperforming the Nifty Midcap index which fell 6%, and the Smallcap index, which declined 7% for the week. The stock will be in focus on Monday, January 13, as the company's board will meet to discuss its quarterly results for the October-December period.
Open Flip
