Analysts believe that investors should look at stocks that hit 52-week lows only if they have a dividend paying track record, are debt-free and have sound fundamentals.
The RBI raked in a massive net income gain from foreign exchange currency sales as a buffer for the rupee during tumultuous geopolitical upheavals last year owing to Russia's invasion of Ukraine.
Exports dropped to $11.51 billion in March last fiscal, from $17.25 billion in the same month of the previous financial year, while imports dipped 34 per cent to $15.56 billion, leaving a monthly trade deficit of $4.05 billion, according to official figures released on Friday. Exports contracted 12.1 per cent to $12.8 billion in October 2008, showing a negative trend for the first time in five years.
Indian government has hiked the import duty on refined gold three times since January 1 and it now is at a record 10 per cent.
Gold rises on firm demand, global buoyancy
India's exports declined by 21.7 per cent in February over the year-ago period, posting contraction for the fifth month running, under the impact of demand slowdown in major global markets.
