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The Reserve Bank of India likely intervened before the local spot market opened on Monday, and intermittently thereafter, helping the currency hold above its all-time low, traders said
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News and Media
Indian stock markets are near record highs. Analysts suggest buying on dips, expecting support around 25,600 to 25,800. The market is outperforming global peers. Banking, auto, and IT sectors are favored. Union Bank and Adani Port are highlighted as potential stock picks. Investors are advised to use volatility for portfolio building.
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News and Media
Attractive valuations in the IT sector are drawing investor attention despite patchy short-term fundamentals, with outsourcing opportunities remaining intact. Consumer durables and retail stocks show continued potential driven by urbanization and a growing middle class. Private banks are also appealing due to attractive valuations and stable asset quality, with earnings expected to recover.
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News and Media
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