Recommendation: Add; target price: Rs 110
The euro gained 0.05% to $1.1020 and remained on track for a 1% monthly gain
These changes are set to take effect from August 1 and will directly report to CEO Krithivasan
Spot gold was down 0.2% at $1,956.02 per ounce, while US gold futures were down 0.3% at $1,955.40 per ounce.
The local currency began at 82.22 against the dollar, slightly improving from its previous close of 82.25 on Friday.
Brent crude futures were down 9 cents to $84.90 a barrel, while West Texas Intermediate crude was down 17 cents to $80.41 a barrel.
SBFC Finance has fixed price band at Rs 54-57 per share for its initial public offering.
The big positive for the markets is that most of the macros appear to be favorable.
The fund hopes to tap stocks across the transport and logistics spectrum and that would include stocks from automotive, shipping & ports, ecommerce, rail/road/cargo, airports, among others.
Bond Yields, Dollar, and Crude Oil spike In the week
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