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The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

In the previous downgrade in 2011, the market saw a much more meaningful correction. The current correction is a mix of cautiousness and profit booking.

However, there are areas that need to be addressed and if done, it will go a long way in fostering growth for the industry, said Raj Inamdar, Partner at the real estate AIF firm.

“We anticipate a positive long-term impact, where consumers would be using the ATM frequently for lower denomination currency notes, thus increasing cash velocity,” says Pankaj Khandelwal, President & Chief Financial Officer, CMS Info Systems. Edited excerpts from a chat:

Despite recent spikes in vegetable prices and rising consumer prices, the underlying inflationary pressure in India is not strong, according to Sanjeev Sanyal, a member of the economic advisory council to Prime Minister Narendra Modi. He stressed the importance of consolidating fundamentals before pushing for higher growth, referencing the moderating current account deficit and robust foreign exchange reserves.

"On our net debt journey, I expect Tata Motors domestic business to become near net-debt zero in FY24 and JLR in the following year," he said. His remarks come against the backdrop of strong operational performance of all the three business verticals comprising commercial vehicles, domestic passenger and electric vehicles and Jaguar Land Rover delivering on their strategies in FY23.

Jamnagar Utilities & Power establishes, operates, and maintains captive power plants at different manufacturing locations of Reliance Industries. In an EGM held on August 2, the firm had sought approval to offer subscriptions for non-convertible debentures in one or more tranches worth up to ₹4,000 crore on a private placement basis

The 50:50 joint venture (JV) between Adani and Wilmar was set up in 1999. The company raised Rs 3,600 crore by way of an initial public offering in February 2022, bringing the stake of the two JV partners down to 43.97% each.

Promoters Inox Wind Energy and Devansh Trademart have sold 4.5% and 2.8% stake each in Inox Wind through block deals at a weighted average price of Rs 208 a piece.

There is still time for Federal Reserve officials to study data before deciding if further rate increases are needed, Richmond Fed President Thomas Barkin said on Tuesday.