✅ Amid positive global cues, benchmark indices closed on a positive note today. 📢 At 3:30 PM, the Sensex improved by 676.69 points or 0.93% at 73,663.72, and the Nifty was up 203.30 points or 0.92% at 22,403.85. 📊Among sectoral, Nifty IT (⬆️1.66%) turned out to be the best performer while Nifty PSU Bank (⬇️0.88%) saw considerable selling.
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KR Choksey's research report on Ami Organics: Ami Organics’ revenue beat our estimate by 2.3% due to strong volume growths across both Advanced Intermediates and Specialty chemicals segments. The EBITDA beat our estimates by a strong 32.5% due to much lower operating expenses. We believe commercialization of CDMO contracts, ramp up in production of electrolyte additives.
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The cost of Indian government borrowing may stay elevated thanks to delays in interest rate cuts across the world owing to uncertainties surrounding the inflation trajectory, said a finance ministry official. This, despite buying back securities after around six years to ease liquidity, which was expected to lower bond yields.
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