Skindia GDR Index gains 2.71% on expectations of sanctions' dilution
Expectations of a further dilution in the US-imposed sanctions had their impact on the Skindia GDR index. Reflecting the improved sentiments on account of the US Senate's vote to waive the sanctions for one year, the Skindia GDR index appreciated by 2.71% to close at 747.32 points on July 16.

Carryforward rates hover at 7 per cent
Carryforward rates on the BSE continued to hover in the band of 7% to 9% annualised for the week ended July 17. The total outstanding value of carryforward positions marked for the end of the trading cycle was Rs 672.62 crore, while the value of purchase carryforward positions was Rs 635.80 crore.

Variava order tomorrow
Justice S N Variava of the Special Court has reserved his orders for Monday on an application of the Fairgrowth Financial Services Ltd (FFSL). crucial questions pertaining to distribution of assets of the notified parties will be decided by Variava's order.

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