ML sectoral trends

Shares of transport & logistics companies advanced 4% and shares of software & IT services companies rose 2%. Stocks of paper & paper products companies tumbled 12%; stocks of telecom equipment companies tanked 11% and stocks of textiles companies fell 8%.

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Sector focus

Stocks of textile companies were under pressure during last fortnight. The ML Textile Index, which consists of 82 stocks, fell nearly 8%. Increasing costs are affecting the industry. The industry is facing a huge power shortage and is relying heavily on diesel power generation. Regular hike in diesel prices is affecting logistics costs, as well. So, despite reporting better than estimated...

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Index trends

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