Voltamp Transformers, NRB Bearings, Kolte-Patil, DLF, IOL Chemicals, Ester, Dilip Buildcon, NMDC, Britannia Industries, Ashok Leyland and Minda Industries gained 1-4 percent whereas JK Tyre and Motherson Sumi lost 2-4 percent post earnings.

FMCG major Britannia Industries has plans to launch around 50 new products under its existing as well as new categories by the end of the next fiscal as part of efforts to be a total food company, said a top company official.

In view of its growth strategy, Britannia will launch dairy products and croissants by October-November this year through its joint venture with Greek cakes and confectionery major Chipita.

Besides, the company will continue with its strategy of adding new countries in its list and scout for new markets in Africa, while foraying into Bangladesh and Myanmar.

10:01 am Rupee Trade: The rupee strengthened by 19 paise to 64.13 against the US dollar in morning aided by stronger domestic equities.

The weakness in dollar against some currencies overseas after US Federal Reserve chairman Jerome Powell said that the central bank would remain alert to risks to financial stability in the wake of recent market rout also supported the rupee’s upmove.

The US dollar hit a five-month low against the yen after Japan’s economy recorded its longest growth streak in 28 years.

Besides, industrial output grew 7.1 percent in December and selling of the American currency by exporters supported the rupee, forex dealers said.

Forex market was closed yesterday for a public holiday.

On Monday, the rupee had ended 8 paise higher to end at 64.32 against the dollar on fresh selling of the American currency by exporters and banks in line with strong domestic equity market.

source: moneycontrol.com