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The Nikkei newspaper reported the central bank will maintain its 0.5% cap for the 10-year government bond yield, but discuss allowing long-term interest rates to rise above that level by a certain degree. Reuters confirmed the central bank may make minor tweaks to extend the lifespan of its yield control policy.

The U.S. dollar index and benchmark 10-year Treasury yields were underpinned after data showed the U.S. economy grew faster than expected in the second quarter, potentially keeping a much-feared recession at bay and increasing the likelihood that the Fed could further hike interest rates.

The stock gains have come despite signs earlier this year of problems for Florida-based Tupperware Brands Corp. In April, it raised doubts about its ability to continue amid growing concern about weak sales, while in May it said it signed on investment bank Moelis & Co to help explore strategic alternatives.

In the short-term period, the stock has formed a strong price volume breakout pattern. The texture of the pattern suggests breakout action will continue in the near term if the stock succeeds to trade above the 1130 level.

​On the candlestick screener, a bearish reversal pattern helps identify stocks that can slip into a downward trend from the current uptrend.​

Despite a challenging fiscal year marked by rising interest rates, high inflation, and market volatility, CPP Investments has reported a return of 1.3%. The largest pension fund manager in Canada grew its Indian market portfolio by 11% in FY23 to C$22bn. CPP Investments CEO John Graham said the portfolio was encouraged by the breadth of its investments in India, which span health care, technology, infrastructure, credit, and real estate.

Adani Enterprises arm Adani New Industries has raised a trade finance facility of $394 million (Rs 3,231 crore) from Barclays and Deutsche Bank.

Though public and private sector banks offer this product, non-banking finance companies (NBFCs) have been more aggressive. The selling pitch for loans against mutual funds is that you do not have to liquidate your performing schemes for want of short-term funds.

Data collated by ET showed net interest margins (NIM) for banks have fallen between 10-30 basis points on average between the quarter ended March and June 2023. Only seven out of the 21 banks that have released results so far have managed to hold on to or improve margins compared to March.

The bank has been planning to sell Visa steel since March when it had sought ₹160 crore or 40% recovery on its loan. Union Bank had followed SBI which had received ₹243 crore on its ₹697 crore loans, a recovery of 35% from Acre ARC.