Tue, Jul 27, 2021 2:24 PM
Dr Reddy's Lab shares touched 10% lower circuit on Tuesday
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U.S. stock futures were higher this morning, with the Nasdaq futures gaining over 150 points on Friday. Shares of Intel Corporation INTC shares fell sharply in today’s pre-market trading after the company reported worse-than-expected first-quarter sales results and issued EPS guidance below estimates. Quarterly sales came in at $12.72 billion, which missed the analyst consensus estimate.
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U.S. Treasury Sec, Janet Yellen, expressed confidence in the U.S. economy, predicting inflation to return to normal levels by 2024. She also discussed potential strategies to counter threats from China’s excess industrial capacity. In an interview on Thursday, Yellen stated that the U.S. economic growth might be stronger than the weaker-than-expected data on Q1 output suggests, Reuters reported.
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💰The top gainers in the Nifty index were Tech Mahindra (up 7.43%), Divis Laboratories (up 4.49%), LTI Mindtree (up 3.31%), Bajaj Auto (up 2.74%), and BPCL (up 1.00%). 💰On the other hand, the top losers in the Nifty index were Bajaj Finance (down 7.73%), Bajaj Finserv (down 3.52%), Indusind Bank (down 3.32%), Nestle India (down 3.12%), and Mahindra & Mahindra (down 2.48%).
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