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China is trying to make its gloomy consumers spend more https://ift.tt/2FxLoP5 has detailed a series of measures aimed at boosting consumer spending, including subsidies for drivers who trade in older cars for newer models and for rural households who purchase home insulation and renovation materials. The announcement comes as attempts to juice the country's economy have taken on greater urgency following stalling recovery and a lack of consumer confidence.

US stock market: Wall Street ends strong month on upbeat company earnings https://ift.tt/45dNFt7 tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet, Meta Platforms as well as chipmakers Intel and Lam Research posted strong quarterly earnings.

Traders brace for $102-billion treasury bond sales https://ift.tt/dNC46UX the first time since early 2021, the Treasury will boost its so-called quarterly refunding of longer-term Treasuries, to $102 billion from $96 billion, the consensus among dealers suggests. While down from the record levels hit during the Covid-19 crisis, that's well above pre-pandemic levels.

Concord Bio's Rs 1,551-crore IPO to open on Aug 4 https://ift.tt/45dNFt7 issue, which will close on August 8, is entirely an offer-for-sale, where the existing shareholder Helix Investments Holdings will sell up to 20.92 million equity shares, the company said.

China factory activity shrinks for fourth straight month https://ifttt.com/images/no_image_card.pngChina’s official manufacturing purchasing managers' index (PMI) remained below the expansion threshold at 49.3 in July, extending the fourth straight monthly contraction. The non-manufacturing PMI fell to 51.5 in July from 53.2 in June, signifying sluggish consumer spending.

Typhoon Doksuri: Thousands flee their homes as heavy rain lashes Beijing https://ift.tt/r8DZBoq 31,000 individuals were forced to evacuate their residences as Typhoon Doksuri hit Beijing, the heaviest rainfall recorded this year.While Doksuri continues to dissipate over North China, forecasters warn that Typhoon Khanun is approaching and expected to strike China this week, which may affect the crops already damaged by Doksuri.

Endgame for Fed's tightening cycle challenged https://ift.tt/8vlPEc3 measures of financial conditions, including those produced by the central bank, have shifted in way that signals reduced restraint on the economy, at a time when central bank officials believe more work may be needed to lower inflation.

China to announce more measures to boost consumption https://ift.tt/vQGsbHZ Chunlin, vice chairman of the National Development and Reform Commission, and officials from the ministry of industry and information technology, the ministry of commerce and the State Administration for Market Regulation will hold a press conference on Monday in Beijing, according to a statement from the State Council Information Office.

Missed Q1 earnings this week? Here's a snapshot https://ift.tt/Q7UE3cG Steel reported its consolidated net profit fell 92% year-on-year to Rs 634 crore for the first quarter ended June. Its revenue from operations fell 6% to Rs 59,490 crore in the first quarter, compared with Rs 63,430 crore in the same quarter of last year.

Unleashing the bulls: How the stock market achieved unprecedented record levels https://ift.tt/o7MEVBz circumstances led to unbiased selling in emerging markets as investors sought safer assets with higher yields, further exacerbated by the strengthening of the US Dollar. The collective occurrence of these events elevated the geoeconomic risk landscape to structurally higher levels

Raamdeo Agrawal on GenNext & art of delegation, doubling net worth in 5 years & more https://ift.tt/fn6x7d5 Oswal Financial Services Ltd (MOFSL) Chairman Raamdeo Agrawal has said that his company is as digital as any other competitors and has not been left behind by the digital age. Agrawal said the company is still experiencing growth and he believes that growth is going to continue increasing for at least 5-10 years. Agrawal added that the growth is due to not only the performance of the market, but also MOFSL's net worth, which he believes will continue to increase.

Tit-for-tat tariffs or waiver talks: Choices India have to navigate new EU regulations https://ifttt.com/images/no_image_card.png​​While the Government of India is still grappling with this new legislation — a bolt from the blue when New Delhi is engaging with the 27-nation bloc to craft a favourable free trade agreement (FTA) — Indian exporters will have to bear the brunt of it, especially those shipping commodities such as coffee, leather hide, skin and preparations, oil cake and wooden furniture.

Wall Street ends higher on US soft landing hopes https://ift.tt/TaQzyO4. annual inflation slowed considerably in June, likely pushing the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s, data showed on Friday.

Yatharth Hospital Rs 687 crore IPO subscribed 36x https://ift.tt/taOGHzs qualified institutional buyers' portion was subscribed 85 times, while the non-institutional investors' (NIIs) segment was subscribed 37 times. The shares reserved for retail individual investors (RIIs) were subscribed 8.34 times.

Warburg Pincus leads race for Brookfield BPO https://ift.tt/Cz6yGWo is competing with other investors such as BPEA EQT-backed Sagility and Veritas Capital, they added. If completed, the buyout will be the largest in India by Warburg Pincus, the fund that started the private equity rush in the country with its successful investment in Bharti Airtel. However, no exclusivity has been signed between the two parties. ET first reported on May 29 on Warburg Pincus' interest in Everise.

Cipla surges 10% with rise in price targets https://ift.tt/VdAmiRx average price target of the 28 analysts, whose ratings and price targets that have been compiled by Bloomberg, is ₹1,161. The stock closed at ₹1,171.55, up 9.6% over the previous close.

India set to be third-largest economy by FY28: SBI Research https://ift.tt/aX0kPiw is set to become the world's third-largest economy by FY28, two years earlier than projected, according to economists at SBI Research. The team said the figures, which would see India surpass Japan and Germany and account for 4% of the global GDP share, were achievable with growth rates anywhere between 6.5% to 11.5%.

Parliamentary panel for forward-looking surveys on private capex https://ift.tt/8pHIPVG a report on the action taken by the government on its various earlier suggestions, the panel headed by BJP leader Jayant Sinha has also asked the government to closely monitor the progress of its capital expenditure to ensure that actual spending is in sync with the record budgetary outlay and achieve desired multiplier effect on economic growth and employment.

Axis Bank Q1 net profit surges 41% on higher business income https://ift.tt/Rhyf2N8 net interest income (NII), or core income, climbed 27% on year to ₹11,959 crore versus ₹9,384 crore in the same period last year. Net interest margin, or NIM, at 4.10% was up 50 basis points on year.

These 10 PSU stocks touch their 52-week high, gain up to 30% in a month https://ift.tt/t7nUlsa

Victims of violence and atrocities in West Bengal to soon get relief: Suvendu Adhikari https://ifttt.com/images/no_image_card.png“The people of Bengal will soon get relief. We are all trying to bring relief. Every day, girls and women are tortured and they feel unsafe. BJP’s women MLAs have protested inside the state assembly. Women BJP workers led by Mohila Morcha chief Falguni Patra have started sit-in protests for 48 hours, starting from today protesting atrocities against women,” Suvendu Adhiakri said.

Yatharth Hospital fully priced, sector offers better choices https://ift.tt/o6tFuZX Established in 2010, YHTCS is among the top 10 largest private hospitals in Delhi-NCR having a capacity of 1,405 beds with a total occupancy rate of 45.3% at the end of FY23. Its average revenue per bed has increased steadily from ₹21,287 in FY21 to ₹26,538 in FY23.

SBI Life's Q1 net profit rises 45% https://ift.tt/BiLCOxv the overall positive financial performance, the value of new business (VNB) margin dropped to 28.8% from 30.4% due to a decline in non-par products during the quarter.

These 4 capital goods stocks touch their new 52-week high, gain up to 37% in a month https://ift.tt/BiLCOxv the relatively stagnant market, 4 stocks from the BSE Capital Goods index hit new highs within the 52-week timeframe

Big Movers on D-Street: What should investors do with ITC, IndusInd Bank and Aarti Drugs? https://ift.tt/qz3wthE that were in focus include names like ITC, which fell 4.30%, IndusInd Bank, which rose 1.96%, and Aarti Drugs, whose shares surged 18% on Monday.

US stock market: Dow leads Wall Street higher as investors eye beyond tech https://ift.tt/VXDubl8 are awaiting Microsoft, Google-owner Alphabet and Meta Platforms earnings this week, which will show whether their stocks justify sky-high valuations.

Vedanta Resources' bonds decline on profit drop at India-listed arm https://ift.tt/r4vTayJ faces potential rating action by S&P Global in the absence of a credible refinancing plan by July end for $1 billion bonds. On Friday, it told investors that the brand fee, at 3% of VDL's annual revenue and subject to reviews within the six-year set mandate, can be increased to 5% without shareholders' approval.

FPIs prefer secondary market route to bet on Indian equities https://ift.tt/5zrV2wc invest in Indian equities through two channels. One, the stock exchange route or the secondary market where they buy equities at prices quoted on the stock exchange. The other method is investment through the primary market route where FPIs invest in companies through initial public offer or qualified institutional placement offer (QIP). The latter method is used to buy a large stake with a lower impact cost and without inflicting large volatility in stock prices.

ITC fails to fully check out of the hotels business, Street not amused https://ift.tt/5Ac9pwr, in a behaviour typical of the markets of buying on rumours and selling on news, the ITC stock that had hit a record high of ₹499.6 in the trading session on Monday eventually retreated 4%. The stock has gained over 40% year-to-date and the expectation of the demerger of its hotel business played a large role in this rally.

ETMarkets PMS Talk- This fund manager reveals the ‘VIABLE’ investment philosophy for selecting stocks https://ift.tt/oiahWJP We launched the fund on 20th March 2023 and as of 12th July 2023 an INR 50 Lac portfolio invested on the launch day has now become an INR 64 Lacs portfolio (28% Return) vs the benchmark return close to 16%.

Coffee Day Global now in bankruptcy process https://ift.tt/TRP6Ws7 Day Global, which runs the Cafe Coffee Day chain in India, has been admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court following a petition filed by IndusInd Bank. A subsidiary of listed Coffee Day Enterprises, which was promoted by the late VG Siddhartha that committed suicide in 2019, the company has outstanding debt of ₹67.3 crore from IndusInd Bank as of 31 March 2022, with the total debt standing at ₹960 crore, according to its annual report.

RIL stock could take a breather as D-Street digests Q1 results https://ift.tt/fylvuPz perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.

Breakout Stocks: How Infosys, RIL and ICICI Bank are looking on charts for Monday’s trade https://ifttt.com/images/no_image_card.png​Stocks in focus included names like Infosys, which was down more than 8%, Reliance Industries (RIL) fell more than 2% ahead of results, and ICICI Bank, which closed flat but with a positive bias ahead of results on Friday.

Gold is seen range-bound ahead of the US FOMC decision next week https://ift.tt/7nTEi4N prices were supported by lower-than-expected inflation in the US, UK, New Zealand and Australia, which could result in central banks pausing their interest-rate increase plans. However, after the narrative of a "peak rate" pushed US yields lower, rising yields allowed a US dollar index recovery

Sterling & Wilson Renewable Energy shares rally 27% in 1 week. What should traders do now? https://ifttt.com/images/no_image_card.png"During the trading period, the Nifty Index fell short of reaching the significant milestone of 20000 by a mere 9 points and experienced a sharp correction, primarily driven by declines in IT sector stocks. The correction resulted in a notable drop in the index's value, indicating bearish sentiment in the market. The price chart of the Nifty Index displayed a Doji candle pattern, often interpreted as a sign of indecisiveness among traders."

Indian stock market decoupling has begun. 3 reasons why it will last https://ifttt.com/images/no_image_card.pngIndia’s economic and earnings growth strength, coupled with a possible recession in the US are the two key reasons behind India’s outperformance and we are hopeful that this outperformance should continue due to 3 reasons.

68 smallcap stocks offer double-digit weekly returns in broad-based rally https://ift.tt/J6bI3XB the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with nearly 32% return, followed by Sterling and Wilson (26.6%), Arihant Capital (26.55%), and DB Corp (25.03%).

Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts https://ift.tt/tdLJOSl other companies that saw block deals include Bharti Airtel, Hindustan Unilever, Tata Consultancy Services, Bandhan Bank, IndusInd Bank, Voltas, Rallis India, Sun Pharmaceuticals, and Fortis Healthcare with executed deals worth between Rs 393 crore and Rs 188 crore in the descending order size.

Civic bodies likely to hit Bond Street to raise up to Rs 1,000 crore https://ift.tt/tdLJOSl government provides financial incentives in the form of a lump-sum grant-in-aid for municipal bond issuances at the rate of Rs 13 crore per Rs 100 crore of bonds issued under the Atal Mission for Rejuvenation and Urban Transformation (AMRUT, 2015) Programme.

Infosys tanks 7.7% on downgrades; leads sell-off in the IT world https://ift.tt/S4lk0Ib saw a share plunge of 7.7% after the company cut its FY24 revenue guidance from 4-7% to 1-3.5%, resulting in an industry-wide sell-off that saw the NSE IT index fall 4.1%. Jefferies, Nomura, Bank of America Securities, Motilal Oswal Financial Services, Nuvama Institutional Equities and HSBC cut earnings estimates as a result.

Nithin Kamath on RIL demerger: Companies should announce acquisition cost in advance https://ifttt.com/images/no_image_card.png"Companies normally take time, even after ex-date, to announce COA (cost of acquisition). Without this, trading apps can't adjust the buy average price for holdings downward to account for the demerger. This increases the risk of a retail investor panicking and exiting after seeing an artificial loss," Kamath said.​

Sebi introduces a separate sub-category for ESG investments https://ift.tt/pOR9WZs, mutual funds are permitted to launch only one ESG scheme under the thematic category for equity schemes.

With $20 billion weapon, Mukesh Ambani just disrupted NBFC hierarchy https://ift.tt/hZAPG6K Finance now has a market cap of Rs 4.6 lakh crore. Upon listing on stock exchanges, JFSL will take over the No.2 slot ahead of Cholamandalam Investment and Finance which is presently the second-largest NBFC with an m-cap of Rs 96,000 crore.

SBI likely to raise up to Rs 10,000 cr via infra bonds https://ift.tt/MNY3PAX January, SBI had issued infrastructure bonds with a 15-year maturity, marking the first time that an Indian bank had sold such bonds in that maturity bracket.

Should mutual fund investors trust small caps’ grit to keep momentum intact? https://ift.tt/R2tfEad have poured money into them not just directly but passively through mutual funds. As a matter of fact, these stocks have still not run out of steam and one can invest in them by being selective, observe experts.

Goldman Q2 Results: Profit slides 60% to 3-year low on consumer losses, missing estimates but shares rise 1% on outlook https://ift.tt/4vkITJD results were the worst for the Wall Street giant since the second quarter of 2020, when it took writedowns over corruption scandal linked to Malaysian state fund 1MDB.

Sat Pal Bhanoo appointed Managing Director of LIC https://ift.tt/gOQvT2f is currently serving as the Additional Zonal Manager of LIC in Bhopal.

ETMarkets Fund Manager Talk-High time India gets its due recognition among global investor community: Tamohara Investment https://ift.tt/OEBcK7a, since the start of the interest rate hike cycle by the Fed, India has been among the best-performing large markets and this should continue in my view.

PFC eyes up to Rs 5,000 crore via public issue of bonds https://ift.tt/6qhFcaV issue includes three tranches - three-year bonds, 10-year bonds and 15-year bonds. The portion for institutional investors makes up 10%, while that for non-institutional investors accounts for 10%. The share of HNIs is earmarked at 40% while that for retail investors is at 40%.

Companies' revenue growth in Q1 may slow down, but margins to rise: Crisil https://ift.tt/PVt8Who the first time in eight quarters, Indian corporates' aggregate revenue could see a decline as demand slowed and commodity prices fell, but profitability may improve marginally as raw materials prices eased, said Crisil.

Demand for work under rural jobs scheme eases in key June quarter https://ift.tt/liDALfV generated under the scheme totalled 1.11 billion during the first quarter of this fiscal year, against about 1.14 billion and 1.16 billion in the corresponding quarters of FY23 and FY22, respectively, according to an analysis by the rural development ministry.Suspension of MGNREGS work in West Bengal following alleged fund diversion contributed to the decline, experts said.

IRDAI asks insurers to speed up settlement of flood claims https://ift.tt/TrKzCsZ Pradesh is the worst affected by cloudbursts and floods over the past few days. The Indian Meteorological Department (IMD) has issued fresh warnings of heavy rainfall expected until July 18, further exacerbating the situation. According to data released by the Department of Revenue in the Himachal Pradesh government, the estimated cost of the damage has soared to over Rs 3,738.28 crore.

India's fight against inflation is far from over: RBI report https://ift.tt/O7wajx8 battle against inflation isn't over yet, according to a report by the Reserve Bank of India. An uptick in food prices during June, led by tomatoes, was attributed to the onset of the monsoon season and corroborates the monetary policy committee's decision not to abandon inflation fighting measures. India needs to focus on supply side management to contain overall inflation volatility, the report noted.

Holding shares of subsidiary not liable to GST, says CBIC https://ift.tt/kpE6wWB The Central Board of Indirect Taxes and Customs (CBIC) Monday came up with a series of clarifications including on the much disputed Input service distributor (ISD) mechanism and the cross charge for internally generated services.

Two more rounds of talks likely for IPEF to conclude: Sources https://ift.tt/wJK8qBh the legal scrubbing of the Supply Chain Agreement - which was finalised in May - is on, discussions are moving fast on the clean economy and fair economy pillars, said people aware of the matter. The fourth round of IPEF negotiations took place from July 9-15 in South Korea. India is yet to take a call on joining the trade pillar of the IPEF.

Officers' training kicks off to recast consumer price index https://ift.tt/ePjGCnY training involves identification of markets and key shops for collecting statistics, sources informed ET. The ministry identifies the most frequented shop as a permanent shop in each market and two reserve shops. "CPI base updation training programme will strengthen the data collectors to identify the correct markets and correct shops for item identification," a source said.

NBFCs' growth pace to stay strong on loan demand, benign costs https://ift.tt/St43OVn a note, ICICI Securities said earnings growth momentum for housing finance (HFC) and microfinance companies is likely to be better sequentially, helped by an upward repricing in asset portfolio after a 25 to 50 basis points hike in lending rates between March and April. One basis point is 0.01 percentage point.

JSPL promoters in early talks to raise up to $3 billion https://ift.tt/4Uchu8f, part of the OP Jindal group, is one of India's largest steel producers. According to the latest data, the promoter Jindal family currently owns a 61.2% stake and has increased holdings by 0.8 percentage point since the June quarter last year.

LTIMindtree Q1 Preview: Profit growth seen better than peers; FY24 guidance key https://ift.tt/s4JrpfK company, which recently joined the Nifty club, is seen reporting a nearly 1% sequential rise in consolidated net revenue for the quarter to Rs 8,757 crore, according to the average of estimates given by 13 brokerages.However, the net profit growth will be much better than its peers given a better operational performance. The bottomline is seen rising 6.5% to Rs 1,186.40 crore

8 smallcap stocks that are below industry PE levels can rally up to 40% https://ift.tt/O516JZ7 PE stocks are considered value stocks, which are best suited for long-term investment horizons.

Pen maker Flair files draft papers with Sebi for Rs 745 crore IPO https://ift.tt/qUzx0cs Writing is among the top three players in the overall writing instruments industry with a revenue of Rs 915 crore in FY23. According to Crisil's report, the company is the largest player in the pens segment reporting a revenue of Rs 754 crore in fiscal 2023 from the pens writing instruments segment in India.

Russia says prevents Ukraine "terrorist" attack on Crimea's Sevastopol https://ifttt.com/images/no_image_card.png"This morning, an attempt by the Kyiv regime to carry out a terrorist attack by seven unmanned aerial vehicles and two unmanned underwater vehicles on objects on the territory of the Crimean Peninsula near the city of Sevastopol was thwarted," Russia's defence ministry said on the Telegram messaging app.

Dalal Street Week Ahead: Stay cautious of low levels of VIX which leave market exposed to profit-taking bouts https://ifttt.com/images/no_image_card.png​Going by the derivatives data, there is a high accumulation of the OI near 19800-19900 levels. Going by this data, one can expect the markets to find stiff resistance near that zone over the coming days even if the current uptrend is to extend itself.

Three big US banks rake in better-than-expected profits https://ift.tt/1zam93o largest bank in the nation, JPMorgan Chase & Co., led the way with $14.5 billion in profit, helped by growth virtually across the board, including increases in lending and credit-card transactions. Wells Fargo pulled in $4.9 billion and Citi earned $2.9 billion. All of the earnings were higher than analysts had expected.

Container Corporation to exit F&O segment effective September 29: NSE https://ift.tt/CsUcYgx week, the Delhi Bench of the National Company Law Tribunal had admitted an insolvency petition against the government-owned logistics company by an operational creditor Roadwings International Pvt Ltd.

Without Hollywood, what happens to Los Angeles? https://ift.tt/1zam93o impact of the actors' and writers' strikes on Hollywood, Los Angeles, appears to be a critical local issue; however, economists disagree on the strike's extent. During the previous 2007 screenwriters strike, California lost $2.1bn, and the length of the two current strikes will surely determine the financial impact on Los Angeles.

Bond yields may rise by 4-11 bps in Q2 on oil price, Inflation: Crisil https://ift.tt/yBdWTei on the 10-year benchmark government bond could move up 4 basis points (bps) in the three-month period, while the change for corporate and state bonds could be as much as 11 bps, it said.

Latest inflation data promising, but still high: Fed's Goolsbee https://ift.tt/jiQCW7U officials are expected to raise rates by 25 basis points at their meeting this month after pausing their 15-month tightening campaign in June while at the same time indicating that two more increases were likely this year.

New SIP accounts at a record high in June amid market rally https://ift.tt/N13uFsX an average, about 2.12 million new SIP accounts per month were opened over the past 12 months taking the cumulative addition to 26 million.

Chinese pressurizes tiny Pacific state to snap ties with Taiwan https://ift.tt/tzoIK5x Pacific island state of Palau has confirmed that it is under pressure from China to switch diplomatic ties from Taiwan to China. Palau has refused to give up its diplomatic relationship with Taiwan, and President Surangel Whipps Jr. says that the country needs US help to deter China's "unwanted activities" in surrounding waters. Palau is increasingly dependent on China for tourism and money, and Beijing is working to build influence before the nation's next elections. The Palauan President is lobbying for direct investment from countries other than China to counter the pressure.

Why Viral Berawala is bullish on NBFC sector https://ift.tt/ye3gNvr So a couple of things. In March we really saw a meltdown in small caps for maybe tax reasons or people were too busy with insurance etc. but since the 28th March almost 9% or 10% of companies who have a market cap of more than Rs 500 crores are up 80%.

Bharat Wire looks to buy CCPS issued in 2021 rejig https://ift.tt/zQhIOba ML Mittal has told State Bank of India, Exim Bank, Union Bank of India and Bank of Baroda that the company will buy out the lenders' CCPS ahead of the deadline.

Hopes of Fed hike pause fuel gains in g-secs and rupee https://ift.tt/tzoIK5x rupee and Indian bonds rallied despite a higher-than-expected local inflation reading, potentially lengthening the odds the Reserve Bank of India (RBI) will ease rates soon.

Market jitters in an event-heavy week lead to spike in bond shorts https://ift.tt/wPVzECS special segment of the Clearing Corporation of India's ClearCorp Repo Order-Matching System has shown an unusually large volume of transactions in the 10-year benchmark bond over the past couple of days, treasury executives said.

Buzz of default by old Surat lab diamond maker grips market https://ift.tt/wPVzECS deal that the firm had cut with many wealthy individuals, including professionals, real estate players, and a few farmers in the region to raise money has backfired amid a fall in the price of labgrown diamonds. The outstanding dues would be in the region of Rs 500 crore, three persons in the diamond market told ET.

Green & blue: Niti Aayog to draw up plan to bond with investors https://ift.tt/wPVzECS NITI Aayog has been tasked to look at ways to scale up issuances of green and blue bonds and come up with a detailed action plan based on global best practices, said the official, adding that the think tank will also look at ways to make the bonds more accessible. The Aayog will submit its suggestions to the market regulator, the Securities and Exchange Board of India.

India proposes ease of business norms at G20 https://ift.tt/wPVzECS first draft revised declaration, to be discussed by the G20 sherpas at their third meeting under the Indian presidency beginning Thursday, has also received overwhelming backing from all members on Prime Minister Narendra Modi's proposal to include the African Union as a member.

Big Movers on D-Street: What should investors do with Vedanta, Mazagon Dock and Tata Communications? https://ift.tt/JnDWYTt are trying their best to take prices above the range as in the last few days volumes rose. Once it breaches the resistance level of 288, we can expect a sharp up move in the stock.

Avoid railways but definitely buy defence stocks: Gautam Shah https://ift.tt/CTUjs65 is a bit of a bump around that 45,500 number. Once that gets cleared, I think there is no looking back. And because it is covering up for three months of underperformance, the scope is huge.

Big tech's dominance hits breakpoint for Nasdaq 100 https://ift.tt/9YDlM5V seemingly unstoppable growth of megacaps like Apple and Microsoft mean they have breached an upper limit imposed on stocks in the Nasdaq 100. As a result, Nasdaq has announced a "special rebalance" - the first ever of its kind - will be carried out to redistribute the weight of the index's members.

Rupee and bonds rebound on hopes Fed nearing end to hikes https://ift.tt/mUXQcvM on the 10-year benchmark government bond has eased 7 basis points from its close of 7.16% on Friday, largely tracking a steep fall in US government borrowing costs.

Wall St ends higher; consumer prices, earnings eyed this week https://ift.tt/79KaZUV were digesting comments from several Fed officials who said on Monday additional rate hikes are needed to bring down inflation that is still too high, but the end to the U.S. central bank's current monetary policy tightening cycle is getting close.

Utkarsh SFB gets price right, needs to build growth book https://ift.tt/a7h9bQe Small Finance Bank (SFB) plans to raise Rs 500 crore through an issue of fresh equity to augment the capital base. The promoter Utkarsh CoreInvest’s stake will fall to 69.3% after the IPO from 84.8%. The company has shown strong growth in the loan book, deposits and improvement in net interest income (NII), net interest margin (NIM) and return on assets (RoA) over the past three years. Its asset quality has also been improving after taking a hit during the pandemic

India to be world’s second-largest economy by 2075: Goldman Sachs https://ift.tt/tN1FJ5L will become the second largest economy in the world by 2075 surpassing not only Japan and Germany but also the US, stated a Goldman Sachs report on Monday. According to the investment bank report, as India's population of 1.4 billion people becomes the world's largest, its GDP is forecast to expand dramatically.

Likely damage to sown crops stokes food inflation worries https://ift.tt/O9zBafc damage to the moong, urad, groundnut and soybean crops could range 10-15%, leading to concerns about a significant increase in prices of these commodities, they said. But the rains could help the paddy crop in Punjab and Haryana. "The excessive rainfall has caused damage to kharif crops such as cotton, pulses and oilseeds in the northern states," said Rahul Chauhan of commodity research firm iGrain India.

Big Movers on D-Street: What should investors do with Kalyan Jewellers, Titan and Ambuja Cements? https://ift.tt/JxQjSic counter has witnessed a breakdown of the head and shoulders formation on the daily chart with huge volume. The overall structure of the counter has become distorted as it trades below its important moving averages (200, 50, 20, and 9 SMA).

Tomato to squeeze kitchen budgets more as prices may rise further https://ift.tt/CrUyc3z such as cabbage, cauliflower cucumber, leafy greens etc. may also become expensive because of the disruption caused by record rain in the north Indian hills.

Indian crypto traders deal on Binance, settle at home in INR https://ift.tt/4ZfEevR a case where an overseas exchange is offering an 'escrow service' that virtually matches a local buyer and seller in an offshore marketplace though the payment is settled here in INR.

Shriram Housing Finance raises $50 m in first overseas borrowing https://ift.tt/JxQjSic mortgage lender, which is part of the Shriram Group, has raised the fund from Canara Bank's London branch at 200 basis points over Secured Overnight Financing Rate (SOFR), a company official said. The fund was raised for three years. The overall cost with one-year hedging cost has come around 8.4%, the official said. This is in line with the company's average borrowing cost of 8.5%. One basis point is 0.01 percentage point.

After ideaForge's listing pop, will Cyient DLM follow suit? Here's what GMP signals https://ift.tt/JxQjSic grey market premium (GMP) of Cyient DLM is around Rs 150-155 in the unlisted market. If we consider the upper price band of Rs 265, the company's shares are expected to list at a premium of 58%.