☰ markets Meanwhile, equities rose in early trade as Tuesday’s relief rally continued but gave up all their gains. Foreign Rahul Gupta, head of research-currency at Emkay Global Financial Services, said he expects the rupee to depreciate to 77.20 levels. FPIs remained net buyers in the Indian equity markets on Wednesday and bought equities worth $254.5 million. Groupe ADP deal would unlikely get impacted by the regulatory change at HIAL and may have been accounted as a contingency inside the Rs 220-260-bn valuation range (revised KIE estimate at upper end). In addition, it has Rs 40 bn of undrawn lines from banks outstanding. Note that this was after net borrowing repayment of Rs 25 bn during the quarter. The agreement allows ADNOC to sell or trade crude oil storage in the storages to local refiners but give the Indian government the first right to the oil in case of an emergency. With the results season just around the corner, investors have their eyes set on what comments flow out on the novel coronavirus and its impact on revenue, growth and future outlook of corporate India. The rate of natural gas piped to household kitchens for cooking purposes has been cut by Re 1 per standard cubic meter (scm), the company said in a statement. After witnessing a sharp upside bounce on 7th April 2020, Nifty continued to show follow-through upmove in the better part of Wednesday’s session amidst a volatility While the S&P BSE 100 index surged 37.92% in the five years ending December 2019, the story for Indian equity large cap funds has not been the same. Market Breadth was in favour of bulls. For every loser, there were more than three gainers. Pharma, Auto and media led the market but profit booking seen from Banking, NBFC and IT sectors The government is all set to announce another round of relief measures for corporate India targeted at specific sectors that were worst hit by the pandemic and lockdown. "Signs that the number of new daily coronavirus cases is topping out in Western Europe... is driving expectations that social distancing measures will be lifted soon," said Stephen Innes, at AxiCorp. In the past five years, capital markets in India have witnessed bull and bear phases. In the previous fiscal, IRCTC delivered more than 52 per cent return to the investors. However, the stock price is still 40 per cent down from its record high of Rs 1,995 After leading the rally on Dalal Street yesterday, pharmaceutical stocks are back, leading from the front yet again. Gold will continue with a bullish outlook as large-scale quantitative easing programs from various central banks are likely to boost prices As bulls took over the bears, 28 Sensex stocks were trading in a positive territory. IndusInd Bank was the top Sensex gainer, up nearly 11 per cent According to general insurance companies, currently rates for treatment of novel coronavirus are different for isolation wards and are charged differently by private hospitals. Around 2,000 tribal farmers in the region, who have a total of approximately 1,000 acre, are growing this crop with support from the government of Andhra Pradesh.