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On 14 January 2022

Basic materials stocks were trading with losses, with the S&P BSE Basic Materials index decreasing 28.28 points or 0.49% at 5796.71 at 13:51 IST.

World Gold Council (WGC) stated in a latest update that global Gold-backed ETFs saw outflows of 173 tonnes (-US$9.1billion, -4.0% AUM) in 2021 as losses from North America outweighed inflows into Asia and Europe. Asian ETFs were the primary bright spot globally, growing by more than 20% over the year driven by inflows into funds in China. Powered by Commodity Insights

In the last 6 months since Jul-21, NFO flows were in excess of Rs80,000cr, largely driven by multi-cap, flexi-cap and BAF themes.

This representation will open opportunities for UDTL to expand its market base in Vietnam with major E&P companies.

The Subsidiary of the Company has also obtained in principal approval from MoEF for enhancing the capacity by another 100 KLPD at the same premises.

Earlier in 2020, CuraTeQ and Orion had entered into a licensing agreement, granting marketing and distribution rights for CuraTeQ’s biosimilar products under development in the Nordic states, Austria, Hungary and Slovenia.

Telecom stocks were trading with losses, with the S&P BSE Telecom index decreasing 11.37 points or 0.6% at 1877.25 at 13:51 IST.

Coforge rose 3.54% to Rs 5774.60 after a foreign brokerage reportedly initiated coverage of the stock with a buy recommendation and target price of Rs 7,400.

Metal stocks were trading with losses, with the S&P BSE Metal index falling 432.71 points or 2.17% at 19472.03 at 13:51 IST.