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"Even at the current levels and based on expected EPS growth, we believe that the Indian market is fairly valued. We are comfortable with valuations from a long-term horizon perspective. We believe that in the absence of any major global events, Indian companies will deliver strongly on growth along with improving profitability, justifying the valuation at which the benchmarks are trading."

Astral, incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 53031.98 Crore) operating in Plastics sector.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

​It is a one-day candlestick pattern in which there is a small red real body and an upper shadow extending from the body. It is formed at the bottom of a downtrend.​

The number of banks in the sample which reported a sequential increase in the loan loss provisioning for the June quarter increased to 14 from 10 in the previous quarter. The sequential jump in the NPA provisioning was driven by the PSBs including State Bank of India and Bank of Baroda, and private sector banks such as Axis Bank and Kotak Mahindra Bank. Each of these banks reported more than two-fold increase sequentially in their respective NPA provisioning for the June quarter. Their share in the sample’s NPA provisioning increased to nearly 23% from 11% in the prior quarter.

The strong performance of the Indian stock market has boosted Indian billionaires’ wealth. The benchmark Sensex has risen 7.3% since the start of the year. Gautam Adani and Radhakishan Damani are the only ones among the top 15 billionaires to see a wealth decline in the current year.

Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.

A division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing scheduled for this month-end, but refrained from staying the loan sale process on a petition filed by Anil Ambani-promoted Vidarbha Industries, people aware of the court ruling said.

ONGC has reported consolidated net profit of Rs 14,134 crore for the quarter ended June. Revenue from operations dropped 10% to Rs 1.63 lakh crore in the June quarter.

Geopolitics was an added worry after a Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea, heralding a new stage of the war that could impact on oil and food prices.