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The Nifty PSU Bank index has fallen over 15% this month, as the index remained under pressure today as well.

After Novo Nordisk contests the brand similarity, Dr. Reddy’s Laboratories renames their Ozempic generic Olymvic, giving Novo Nordisk an early victory in semaglutide branding.

The shares of the holding company of the largest Indian airline, IndiGo, declined as fuel prices remain in focus.

DoT Clarifies That Bharti Airtel Has Submitted A Representation On AGR Relief

Rupee extends losses, hits record low of 94.79 against the US Dollar

The steep increase in government bond yields, with India’s 10-year yield getting close to 7%, has been the main cause of the downturn. The rise in yields coincides with an increase in the price of crude oil globally, which has reached $105 per barrel.

The CMD of Prestige Group, Irfan Razack, stated that buyers continue to absorb modest price increases despite cost challenges and expressed optimism that strong home demand will assist the real estate sector in handling rising inflation.

According to the Ministry of Petroleum and Natural Gas (MoPNG), the government has suggested raising the distribution of non-domestic LPG to 70% of pre-crisis levels to boost industrial operations and reduce supply problems.

As the market falls steeply, these are some of the Nifty 500 stocks that moved with large volumes.

Despite a sharp decline from record highs, Oracle Financial Services Software’s $100 million perpetual licensing agreement with a US multinational bank boosts OFSS shares.

With the rupee hitting a historic low of 94.20 per dollar and the 10-year yield approaching the crucial 7% level, India’s bond market is under pressure. Markets are being impacted by rising crude oil prices, ongoing foreign withdrawals, and robust demand for dollars.

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Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

Infosys acquisitions

Dhiraj Nim, an economist and FX strategist at ANZ Research, warns that the adjustment is not yet complete and that the Indian rupee may experience more declines if the current macro headwinds continue.

The Indian Rupee has fallen further, dropping to a new record low of 94.71 against the US dollar.

Kenneth Foo, Global Director – LNG Pricing, S&P Global Energy On CNBC-TV18

Here is how the Indian Rupee and other major currencies have performed since the beginning of the US’s War on Iran

Sundaram Fin | Board Approves Fundraise Of ₹17,000 Cr Via NCDs For FY27

To commemorate the company’s 100th anniversary, Ducati launched the Superleggera V4 Centenario on Friday. The motorcycle is the most sophisticated Superleggera model made by the Borgo Panigale factory and is a limited-edition, road-legal superbike.

Silver has increased its value in the international market, rising above $70

The markets have only maintained the losses incurred.

Biocon Says 

Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd

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