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After a five-month rally pushed the benchmark S&P 500 and Nasdaq Composite within 5% of their lifetime highs, August has now recorded five losing sessions out of six. The S&P is down 2% this month, with the Nasdaq dropping 3.2%.

Bank of India has circulated a list of bad loans with a total outstanding of ₹15,000 crore to be considered for sale during the current financial year to asset reconstruction companies and other entities. The lender looks to enhance profitability from its legacy non-performing asset (NPA) accounts. The debt on sale has increased multifold compared with the previous year when the lender had showcased ₹3,000 crore, a bank source said.e

The broader market, however, ended positive. The Nifty Midcap 150 index gained 0.26% and Nifty Small-cap 250 index rose 0.16%. Foreign portfolio investors sold shares worth ₹711.34 crore on Tuesday. Domestic institutions were buyers to the tune of ₹537.31 crore.

A better pricing environment in the US, impending product launches, and prospects of superior profitability are also seen boosting the earnings of the company going ahead, analysts said.

​​"​Mumbai and Bengaluru are global cities with an incredible talent pool," said Deepak Mangla, CEO, corporate centers, India & the Philippines, JPMorgan Chase.

Boards of RInfra and RPower approved the preferential allotment on Saturday following which a notice was issued for shareholder approval on Sunday. Authum had completed the takeover of Anil Ambani companies RCFL and RHFL through a lender-led process in October and March, respectively.

Its net interest margin for the quarter was however lower at 9.2% as compared with 9.7% earlier. Net interest income was 21% higher at Rs 422 crore. The bank expects that yield on advances would improve in the next few quarters with re-pricing of interest rates in microfinance, which is its lending segment

EIH Limited reported earnings before interest, tax, depreciation, and amortization (EBITDA) of Rs 180 crore for quarter one, up 53.1% year on year.Vikram Oberoi, CEO and MD of EIH Limited said the significant growth in revenue and profitability reflects the dedication of the team and the enduring trust of its valued guests

Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for the domestic markets

Bank of America analysts see the domestic market riding on large and mid-cap stocks from the financial, industrial, auto, staples, and pharma stocks, where it is overweight and cautious/under-weight on IT, utilities, materials and discretionaries.