News Overview

Analysts of IIFL Capital Services visited a store of Zudio, Intune (recently launched format by Shoppers Stop) and DMart in the same micro market, to gather insights in this attractive, but increasingly competitive format.

Investors with very high risk appetite and want to invest for 5 to 7 years in business cycle based theme companies should invest in Mahindra Manulife Mutual Fund.

While the affected equities are no longer available for F&O trading, they are still eligible for cash trading.

The company's product is a generic version of Pfizer's Sinequan capsules.

The capital expenditure will be funded by the company's own funds/internal accruals.

The Australian dollar is now at $0.6479, the New Zealand dollar is at $0.5976, and the yen has firmed somewhat to 144.64 per dollar in early trading in Asia.

This investment values Reliance Retail Ventures at Rs 8.28 lakh crore in pre-money equity.

Brent crude was down 27 cents, or 0.3%, to $82.94 per barrel, while West Texas Intermediate crude in the United States was down 31 cents, or 0.4%, to $78.58 per barrel.

Spot gold was almost at its highest level since Aug. 11 on Wednesday, up 0.2% at $1,917.50 per ounce. Futures on U.S. gold were little changed at $1,945.80.

Asian peers were also trading with positive cues, tracking Wall Street.