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"The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

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BF Investment (BFIL) and Kalyani Investment Company (KICL) have accused Hikal of making "entirely inaccurate and misleading" disclosure to the stock exchanges, and told the exchanges that they are not a party to any family arrangement concerning equity shares held by them in Hikal.

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U.S. bond yields gained, lifting the dollar to its highest since July 7, after data on Friday showed producer prices increased slightly more than expected in July as the cost of services rebounded at the fastest pace in nearly a year.

​It is a 2-day pattern with a green candle and followed by a short candle within the green candle’s range in an uptrend. This pattern suggests an upcoming change in the current bullish trend.​

"Last week, markets continued to witness selling pressure, with the indices closing in the red for the 3rd consecutive week. Weak global cues amidst inflationary concerns, with profit booking at higher levels, continue to weigh upon the investor sentiment. Most of the leading Nifty heavyweights, with the exception of Reliance Industries, ended in the red."

Its total income stood at Rs 60.2 crore in the June quarter of the current financial year, down 13.2% YoY as compared to Rs 64.9 crore in the same quarter of the previous financial year. On a QoQ basis, total income fell 51.7% to Rs 60.2 crore in Q1 FY24 from Rs 12.46 crore in Q4 FY23.

Indian Markets: Seismic shift underway for flows?

Updated at : 2023-08-13 17:20:02

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While this backdrop of the current bull run in Indian markets has been widely debated, what remains unknown is the ongoing shift in both domestic and FII flows. It is this topic that we aim to explore and unravel in this column

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Bitcoin has consistently delivered an impressive average annual return of 155% over the past five years, while Ethereum has appreciated by 460%. Such figures underscore the transformative potential of cryptos in wealth creation and financial autonomy

The telecom operator is expected to report a net loss of Rs 6,895 crore for the June quarter, compared to a loss of Rs 7,297 crore a year ago, and a loss of Rs 6,419 crore a quarter ago. Consolidated revenue from operations is seen rising 1.5% YoY and 0.4% sequentially to Rs 10,570 crore.

The higher growth in the profit despite a muted topline is primarily due to ITC’s higher dependence on the cigarette business. Despite a scale-up in the FMCG business, cigarettes constitute close to 70% of ITC’s profit and about 45% of its revenue.

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