The Indian rupee is hovering near its record low against the US dollar. Concerns over US trade policies and slower investment are impacting the currency. Public sector banks, likely acting for the Reserve Bank of India, are selling dollars to support the rupee. The currency has been trading within a narrow range for several days.
Hospital stocks surged on Monday following the Ministry of Health and Family Welfare's announcement of revised rates for approximately 2,000 medical procedures under the CGHS scheme. This significant update, the first in over 15 years, is expected to boost hospital profitability and patient volumes, particularly for those with higher exposure to government schemes.
Information technology stocks rebounded on Monday, with the NSE IT index jumping 2.3%, as investors deemed recent weakness excessive. Analysts believe most negative factors are priced in, suggesting a potential bottom for the sector. Despite a cautious outlook, selective opportunities exist for medium- to long-term investors.
