Top 5 stocks of the day: Adani Enterprises, Bajaj Finance, UltraTech Cement, Bajaj Finserv, and HCL Technologies were among the top gainers on the Nifty, while Power Grid Corporation, JSW Steel, Bajaj Auto, Larsen & Toubro, and IndusInd Bank were among the top losers.
Dollar seesaws ahead of busy central bank week
On Monday, the dollar hovered near an eight-month low ahead of a slew of central bank meetings this week, while higher Spanish inflation data bolstered the euro ahead of eurozone readings on Wednesday.
The US dollar index, which measures the currency against a basket of peers including the euro, was unchanged at 101.88 after reaching an eight-month low of 101.50 last week.
Oil falls as rate hikes loom, Russian flows stay strong
Oil dipped on Monday, reversing previous gains, as impending interest rate hikes by major central banks and signs of solid Russian exports outweighed escalating Middle East tensions over an Iranian drone attack and prospects for increased Chinese demand.
Investors expect the Federal Reserve to raise rates by 25 basis points on Wednesday, followed by half-point increases from the Bank of England and the European Central Bank the following day, and any divergence from that script would be a surprise.
Top Stock Gainers (Intra-day)
| Company | CMP | Chg(%) | Volume |
|---|---|---|---|
| Bajaj Finance | 6,006.45 | 4.27 | 2.23m |
| Adani Enterpris | 2,859.80 | 3.56 | 18.80m |
| UltraTechCement | 6,890.00 | 2.6 | 608.71k |
| Bajaj Finserv | 1,340.00 | 1.96 | 4.02m |
| HCL Tech | 1,132.05 | 1.47 | 2.66m |
| Coal India | 225.55 | 1.42 | 4.53m |
| NTPC | 168.55 | 1.35 | 26.11m |
| Infosys | 1,534.60 | 1.02 | 5.27m |
| Asian Paints | 2,750.15 | 1.01 | 905.52k |
| Wipro | 402.05 | 1 | 2.79m |
Top 5 stocks of the day: Vardhman Special Steels Q3
Net profit increased by 46% to Rs 28.5 crore from Rs 19.5 crore (YoY). Revenue increased by 1.3% to Rs 400.6 crore from Rs 395.3 crore (YoY). EBITDA fell 51.5% to Rs 36.3 crore from Rs 74.8 crore (YoY). Margin of 9.1% versus 19.4% (YoY). On the BSE, Vardhman Special Steels was trading at Rs 310.20, up Rs 3.20, or 1.04 percent. It reached an intraday high of Rs 315.55 and a low of Rs 300.55.
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