Shares of Zenith Drugs were quoting at Rs 104.50 on the NSE, a premium of 32.28% compared with the issue price of Rs 79.

Hind Rectifiers has secured supply orders from Indian Railways worth more than Rs 200 crore for financial year 2024-25 (FY25)

Euro extended gains against the dollar in early Asia on Tuesday, holding well supported above $1.0850 mark. EURUSD is currently trading at $1.0863, up marginally on the day and eyeing critical data due this week for further clarity. Inflation data from major economies this week are awaited for guidance on the outlook for global interest rate moves. ECB President Christine Lagarde said in her plenary debate on the ECB Annual Report that restrictive monetary policy stance, the ensuing strong decline in headline inflation and firmly anchored longer-term inflation expectations act as a safeguard against a sustained wage-price spiral. There are increasing signs of a bottoming-out in growth and some forward-looking indicators point to a pick-up later this year, she further added. On the NSE, EURINR futures are trading marginally higher at 90.11, up 0.05% on the day.

The shares, however, were quick to recover from their lows to trade just 1 per cent lower (at Rs 393 per share) at 10:05 AM.

All-India HPI increased by 3.8 per cent (y-o-y) in Q3:2023-24 compared to 3.5 per cent growth in the previous quarter and 2.8 per cent a year ago, the Reserve Bank of India reported. Annual HPI growth varied widely across the cities – ranging from a high of 8.4 per cent (Chennai) to a low of 0.6 per cent (Kochi). On a sequential (q-o-q) basis, all-India HPI increased by 1.6 per cent in Q3:2023-24; among the ten cities, six (viz., Delhi, Mumbai, Chennai, Bengaluru, Ahmedabad and Kochi) recorded a rise in house prices during the latest quarter. The Reserve Bank released its quarterly house price index (HPI)1 (base: 2010-11=100) for Q3:2023-24, based on transaction-level data received from the registration authorities in ten major cities.