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The local currency closed flat at Rs 82.82 against the U.S dollar on Wednesday. Source: Bloomberg India's benchmark stock indices declined through Wednesday to recover and close marginally higher in the last leg of trade. The indices had snapped two-days of gains to end lower on Tuesday. Realty and private banking sectors declined whereas media and metals gained. Nifty Pharma and Midcap 100 hit fresh record highs intraday. Rupee and treasuries were flat in trade. Investors await the Reserve Bank of India's decision on policy rates on Thursday. According to the 37 economists polled by Bloomberg, all of them expect MPC to maintain the 'status quo' on the RBI's repo rate and continue with the benchmark policy repo rate which is currently at 6.50%. European stocks rallied as investors took some comfort from assurances by the Italian government that a new windfall tax on banks will be capped. Italy’s benchmark FTSE MIB Index jumped more than 2%, snapping a six-day streak of losses. U.S. futures pointed to a recovery on Wall Street. South Korean shares outperformed the region while Japan edged down and Chinese benchmark indexes fluctuated. Mainland China stocks partly retraced while those in Hong Kong ended marginally higher. Equities in Australia also traded mostly flat. China’s inflation data showed a 0.3% drop in consumer prices in July from a year ago, less than the median forecast of a 0.4% contraction. The S&P BSE Sensex closed up 149 points, or 0.23%, at 65,995.81, while the NSE Nifty 50 was 62 points, or 0.32%, higher at 19,632.55. ITC Ltd., Reliance Industries Ltd., Mahindra & Mahindra Ltd., Tata Motors Ltd., and Dr Reddy's Laboratories Ltd. were the positively adding to the change in the Nifty 50 Index. Whereas, ICICI Bank Ltd., Bajaj Finance Ltd., Divi's Laboratories Ltd., Asian Paints Ltd., and Hindustan Unilever Ltd. were negatively contributing to the change. The broader market indices ended higher; the S&P BSE MidCap Index was up 0.39%, whereas S&P BSE SmallCap Index was 0.57% higher. Three out of the 19 sectors compiled by BSE declined while 16 sectors advanced. S&P BSE Metal rose the most, whereas S&P BSE Realty fell the most. The market breadth was skewed in the favour of the buyers. About 2,036 stocks rose, 1,551 declined, while 156 remained unchanged on the BSE. Warning on lapses in database maintenance. Certain entries were logged with delay in Structured Digital Database. Due to pandemic most of workforce was at homes and it was logistically difficult to coordinate. Response of company on delay has not been accepted. No impact of warning letter on financial, operations or other activities. Source: Exchange Filing We would like to clarify that we are unable to comment on media speculation and rumours and it would be inappropriate on our part to do so. We have made and will continue to make disclosures in compliance with our obligations under the SEBI rules. Source: Exchange filing Revenue down 11% at Rs 56.56 crore vs Rs 63.57 crore Net profit down 14.8% at Rs 10.4 crore vs Rs 12.2 crore Ebitda down 31.3% at Rs 12.72 crore vs Rs 18.51 crore Margins at 22.49% vs 29.12%
Read more: bloombergquint
