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Brent crude futures rose 41 cents, or 0.5%, to settle $86.81 a barrel, while U.S. West Texas Intermediate (WTI) crude futures gained 37 cents, or 0.5%, to settle at $83.19. On a weekly basis, both benchmarks rose about 0.5%.

The dollar gained 0.3% against its rivals and was on track for its fourth consecutive weekly gain, making gold more expensive for other currency holders. Benchmark 10-year yields also gained for the fourth straight week.

In the near term, any corrections towards 19300-19100 levels should be seen as a buying opportunity, as the index has the potential to extend its rally and test levels of 20000-20300 points. In the week ended August 10, benchmark indices lost about 0.4%. This was primarily due to the Reserve Bank of India’s move to impose an incremental Cash Reserve Ratio of 10% on banks in its move to tighten the liquidity in the system.

Rule-based investing is basically following a systematic approach to making investment decisions by formulating predefined sets of rules to buy or sell a particular stock or security.

He has been in a sense the person who guided the institution, he created the entire financial conglomerate along with his esteemed colleagues of whom Keki Mistry and Renu Karnad have joined the board."

Talbros Automotive Component was the top gainer in the smallcap segment with a nearly 31% return, followed by Zen Technologies (28.5%), Tasty Bite Eatables (28%), and Banco Products (27%). About 9 stocks, including Bajaj Hindusthan, Onmobile Global, Force Motors, Windlas Biotech, ZEE Media, and BF Utilities, offered returns between 20 and 25% during the week

“The key is to meditate before checking your phone, or else it becomes difficult to switch off the brain chatter.”

According to StockEdge data, Zomato, IOCL, BPCL, and others turned profitable in Q1FY24

​​​​Last month, ITC announced its board has approved in-principle the demerger of the hotels business where ITC retains 40% stake and 60% will be owned directly by the company’s shareholders proportionate to their shareholding in ITC. Puri said there is no change in economic interest of ITC shareholders in the new arrangement since they will hold 60% directly and 40% indirectly through their holding in ITC.

Cooling inflation, along with moderating growth in job gains and wages, has been fueling hopes that the Fed can successfully tame inflation without triggering a big jump in unemployment