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🚨Daily News Analysis 🚨
1) Bears crawl ahead in the Indian Stock Market
- The Indian Stock Market on the last trading day of the week, today, witnessed volatility leading to the benchmark indices ending in red. The NIFTY50 Index lost more than 90 points to close below 18,000 while the SENSEX declined more than 300 points, struggling at its 61,000 mark.
2) Surf Excel becomes HUL’s first $1 billion brand
- Hindustan Unilever Limited (HUL) on Friday said its laundry detergent brand, Surf Excel has crossed the $1 billion turnover mark, becoming the first brand in the company’s portfolio to cross the milestone. With a total sales of Rs 8,200 crore, it also became HUL's first brand to reach the milestone.
3) Rupee declines 16 paise to 82.86 per dollar
- The rupee depreciated 16 paise to close at 82.86 (provisional) against the US currency on Friday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments.
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