MARKETS@11: Indian indices fall again

The market started off on a downward trend once more. The Sensex fell to as low as 80,100 before recovering to 80,654. Meanwhile, the Nifty dropped to 24,362 and then rebounded to 24,538.90. Bank Nifty also saw a decline of 470 points.

Foreign brokerages such as Nomura and Jefferies have recommended buying Reliance shares. Nomura set a target price of Rs. 3,600, while Jefferies aimed for Rs. 3,525. Currently, Reliance shares are trading lower by 2.75 percent.

Vipro dividends not as expected

Due to lower-than-expected results, Vipro's shares fell by up to eight percent.

Following strong results, Yes Bank shares rose by 2.7 percent. In contrast, Kotak Mahindra Bank saw a three percent decline.

HDFC Bank surges on strong results

Benefitting from excellent results, HDFC Bank shares rose by two percent.

Credit Access Gramin's earnings and margins decline

Credit Access Gramin reported reduced earnings and margins, causing its shares to drop by five percent.

Anant Raj Limited's shares surged by ten percent after securing a contract with Google's data center business.

Cochin Shipyard 

Cochin Shipyard shares fell by three percent in early trading today.

Rupee value

The rupee started trading with a slight gain today, opening at Rs. 83.65 against the dollar.

Gold prices 

Gold is trading at $2,406 per ounce globally. In Kerala, the price of gold fell by Rs. 80 to Rs. 54,160 per tola.

Crude oil prices

Brent crude oil prices remained stable at $83.18 per barrel.