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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.

Sharma, who is the Founder and Chief Executive Officer of One 97 Communications, will purchase a 10.30% stake in Paytm from Antfin (Netherlands) Holding BV via his 100% owned overseas entity – Resilient Asset Management BV, the company said on Monday.

Although the Nifty50 is closer to its all-time high, I don’t see a reason to be nervous. I think the global scenario now looks much better than what it was a year back with the interest rates near their peak, inflation showing some signs of moderating, and a hard landing of the economies may not happen.

While the dollar fell to a one-week low against a basket of currencies in the aftermath of the data, its losses were capped as the report pointed to a still-tight labour market, suggesting the Federal Reserve may need to keep rates higher for longer.

On the upside, Rs 100 is the psychological resistance level; above this, we can expect a rally towards Rs 114. On the downside, Rs 87 is an important support level during any correction.

State Bank of India (SBI) plans to sell over INR 960 billion ($12.9 billion) of distressed loans to asset reconstruction companies. The country’s largest bank prepared a list of 331 accounts, including loans to Future Group, Anil Ambani-promoted firms, Videocon Group and Jaypee Group, among others.

On June 30, promoters and promoter groups, including Khericha, Kumar, Chartered Capital, Saphire Finman Services LLP, and Hitoshi Matsuo, sold around 37.8 million shares representing 24.21% of TD Power in the open market. Promoters, who held a 58.5% stake in the company before the transaction, now hold 34.30%.

The company, which develops and operates hotels and resorts, is undergoing an in-court resolution process and more than 1.5 million financial creditors (timeshare subscribers) will be voting on these plans in the next couple of days to decide the successful resolution applicant.

ICICI Securities Primary Dealership CEO Shailendra Jhingan believes the Reserve Bank of India (RBI) should ignore the increase in US Treasury yields and instead focus on inflation, with particular attention on food prices. If the Consumer Price Index (CPI), minus vegetables, remains at current levels of 5.2%, Jhingan thinks rates are "at the correct level." He also said the market was likely to hold its current policy with a 15-20% chance of a rate hike occurring over the next year. Jhingan advised investors to consider the 10-year and upward part of the government bond yield curve.

​​ACC, Sun Pharma, TCS, Tech Mahindra, HCL Technologies, Atul, Jubilant Food, IDBI Bank and Metropolis are good buying opportunities at current levels, said analysts.