Market Bizzz

Stocks that were in focus included names like Dr Reddy’s, which fell (5%), Praj Industries, which rose 7.2%, and IRFC, whose shares increased 7.64% on Monday.

GLOBAL-PRECIOUS/PRECIOUS-Gold edges higher as dollar slips, US inflation data in focus

The dollar rose about 0.9% on the yen overnight. At 145.96 yen it is about 3% above a low touched last week after remarks on the challenging outlook from Bank of Japan Governor Kazuo Ueda were taken as a hint that a policy shift was imminent.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

“Our basic thesis has been that the entire manufacturing, industrials and infrastructure is not just a one-year theme, but it is a multi-year theme. Now, for instance, if you look at what has been happening over the last few years, growth in this space has been largely led by public capex and government spending.”