Rallis India (RALI IN) - Rating: BUY | CMP: Rs224 | TP: Rs250 Himanshu Binani – Research Analyst, Prabhudas Lilladher Pvt Ltd , 11:58:16 AM IST Prabhudas Lilladher Stock Report - Rallis India (RALI IN) - Margin pressure likely to persist in near term.!! - BUY Forecasts for the Stoxx 600 Index have fallen by about 5% in the past month, according to the average of 16 estimates in a Bloomberg survey. Oil prices fell by more than $1 per barrel. The Korean won slid to its weakest level since 2009 on Friday and Korean Kospi index tumbled 1.8%. China's yuan finished the domestic trading session at a near 28-month low. Otherwise in Asia, the Shanghai Composite Index lost 0.7% and Hong Kong's Hang Seng sank 1.1%. Japanese market remained closed for the autumn equinox festival. Global stocks fell for a third day Friday after more rate hikes by the Federal Reserve and other central banks to control persistent inflation spurred fears of a possible global recession. Divi's Lab and Sun Pharma were among the major gainers in today's session with each surging 1%. Pharma remained stable and ended flat.Īmong stocks, Powergrid tanked 8% and Hindalco and Apollo Hospitals shed 4% each. Rupee also hit a new low during today's session as it breached the 81-per-dollar mark.Īll indices ended in the red with Bank, Finance, Realty, Media and Auto contributing the most to the fall. ![]() Sensex shed more than 1000 points to close at 58,100, whereas Nifty tanked 300 points to end the week at 17,327. Sensex and Nifty lost 1000 and 300 points, respectively.īenchmarks indices tumbled sharply by around 1.7% on Friday amidst negative global cues and several central banks hiking their interest rates. , 03:43:50 PM IST Indices shed 1.7% on Friday with a blood bath in Dalal Street.
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