Top 5 stocks of the day: Tata Consumer, Grasim, JSW Steel, Tata Steel, and Power Grid were the top gainers on the Nifty 50 index, while IndusInd Bank, Bajaj Finance, Bharti Airtel, Axis Bank, and Hero Motocorp were the worst performers.
Top gainers & losers in closing trade
| ASTDMHEACAR | 299.40 | 21.55(7.76) |
| Suven Life Sciences | 63.05 | 4.25(7.23) |
| V-Mart Retail Ltd | 2099.65 | 120.10(6.07) |
| Galaxy Surfactants | 2853.40 | 157.15(5.83) |
| Future Consumer | 1.00 | 0.05(5.26) |
| Timescan Logistics India | 152.90 | -6.05(-3.81) |
| Bandhan Bank | 252.55 | -9.10(-3.48) |
| Canara Bank | 304.45 | -10.45(-3.32) |
| RBLBANK | 173.35 | -5.30(-2.97) |
| Go Fashion India | 1107.30 | -32.10(-2.82) |
Dollar eases as traders gear up for Fed skip
On Wednesday, the dollar remained close to multi-week lows against the euro and the pound after unexpectedly weak U.S. inflation data confirmed the Federal Reserve’s decision not to hike interest rates later that day.
After the central bank lowered interest rates, China’s currency fell to its lowest level in six and a half months, and there is growing anticipation that additional stimulus may be introduced to aid the stuttering post-COVID economic recovery. The dollar index, which compares the performance of the dollar against six other currencies, was unchanged at 103.20 after yesterday reaching its lowest level since May 22.
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