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The benchmark U.S. 10-year yield scaled a 16-year high this week, as a run of strong U.S. economic data raised concerns that the U.S. Federal Reserve could lay the foundations for higher-for-longer rates at the Jackson Hole summit this week.

A few companies are currently experiencing a steady decrease in their profit numbers over consecutive fiscal years. Among the entities listed in the BSE 500, ETMarkets has identified ten companies that have experienced a reduction in annual profits over the past three financial years.

As of 30-Jun-2023, promoters held 23.47 per cent stake in the company, while FIIs held 55.36 per cent and domestic institutional investors had 8.84 per cent.

"The most recent lows are pretty good supports to hang on to. If 19,253 on the Nifty gets broken, we will probably see downside to 19,150; that would be our worst-case scenario. Right now, we are closely watching this breakout point. Similarly, on the Bank Nifty, there is the 20-week average which has held as a pretty good support and which was close to around 43,800. We did not break that on a weekly closing basis and if we stay above that for the rest of the week, then that would also be a good sign."

The stock quoted a 52-week high of Rs 7638.0 and a 52-week low of Rs 5255.35.

Bitcoin dropped to trading around the $25,600 level before consolidating to trading above the $26,000 level. Ethereum has been trading above the $1600 level. Meanwhile, Balancer, One of Ethereum’s top decentralized crypto trading projects, dropped nearly $100 million after discovering a critical vulnerability, said Edul Patel, CEO & Co-Founder of Mudrex.

Bullion has stumbled in recent weeks in the face of multiple headwinds from surging real yields to a stronger US dollar and the prospect of US rates staying higher for longer. The survey of investors — from sovereign wealth managers to hedge funds — offered some modest optimism for price prospects into 2024.

Adani group has been concentrating on improving operational performance as a comeback strategy after being hit by a damning report of a US short-seller in January this year.

A total of 759 shares changed hands on the counter till 01:46PM (IST).

Ashoka Buildcon, incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 2873.20 Crore) operating in Infrastructure sector.