A declining ADR means more stocks are falling as against the gainers and points to a weakening market. In January, the reading was 0.9, while in the period before October – when the market started declining, it was in the range of 1 to 1.28 on average.
The dollar is heading for a steady week and next week’s quarterly loss due to concerns over tariffs slowing U.S. growth, affecting yields, stocks, and
Shri Ahimsa Naturals’ IPO was highly successful, being oversubscribed over 60 times. The IPO closed on Thursday with share allotment finalized soon after. The company
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