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Divi's Laboratories Limited (DIVISLAB.BO)

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  • Indian shares close at record high as Biden wins U.S. election
    Reuters

    Indian shares close at record high as Biden wins U.S. election

    Indian markets closed at a record high on Monday as Democrat Joe Biden's win in the U.S. election led to a weaker dollar, fuelling hopes for more fund inflows into emerging markets, with domestic IT stocks gaining after a report said the President-elect planned to ease policy on work visas. The dollar hit a 10-week low on Monday as investors heralded Joe Biden's election as U.S. president, raising expectations that a calmer White House could boost global trade and foster easy monetary policy. "Among other factors, the weak dollar is allowing money to flow into emerging markets," said Neeraj Dewan, director at Quantum Securities in New Delhi.