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Market sentiment has been hit since the hawkish remarks on inflation by the Reserve Bank of India, and this got further dampened by the US Federal Reserve’s view that interest rates may need to harden further to bring down inflation.

On the other hand, the profitability witnessed an adrenaline rush, recording the highest yearly growth of 33% in six quarters. The companies have reaped benefits from the decline in input costs, resulting in the expansion of margins.

The S&P 500 Index fell below its average price over the last 50 days on Tuesday for the first time in more than three months, while global bond yields reached their highest levels in 15 years this week. Investor sentiment also took a hit on news of China’s property crisis and troubles in its shadow banking system

Technically, the markets needed a correction, and it appears that in the upcoming week, the support zone between 19,100 and 19,200 would be important to watch out for Nifty. A zone of resistance would continue to exist between 19,500 and 19,600 on the upswing. Being ready for a turbulent trading week, especially with the technical indicators also pointing in that direction.

But signs of a resilient economy and cooling inflation drew investors off the sidelines and bolstered risk appetite in the months that followed, fueling a nearly 14% rise in the S&P 500 this year. The upshot, some believe, is that there is now less cash on the sidelines to drive further gains and fewer skeptical investors to win over.

Shriram Housing Finance plans to triple its asset under management (AUM) to INR 30,000 crore by FY2026 with Vision 2026 plan. The company plans to double the branch network and manpower count in the next two-and-a-half years. It also plans to launch approved project finance and loans for under-construction properties in FY24-25.

Amara Raja Batteries has topped the list of Indian Nifty 500 companies with the widest gap between CEO and median employee salaries, paying its CMD over ₹52 cr, 1,872 times the median employee salary. Small and mid-cap promoter-driven companies, such as Amber Enterprises and JK Paper and Balkrishna Ind, were also featured. The CEO pay hike across some firms was higher than that seen in employee remuneration.

In a statement, the finance ministry noted that officials from the MSME ministry also attended the meeting.

“Standardised valuations would enable stakeholders to make well-informed decisions, instil confidence in the resolution process, and maximise value for all parties concerned in the resolution of distressed enterprises,” Ravi Mittal said in an IBBI publication.

An NBFC licence would allow fintechs to offer loans from their own books, thereby build an asset base. Without this licence, they remain confined as marketplaces to source loans for banks and other NBFCs.