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Some of the events that we saw earlier in the year were driven by predictable factors - the interest rate cycle, the impact on asset prices because of a higher rate environment.

​China clearly has its areas of weakness and I think you are starting to see flows move from China and Asia towards India, towards a very strong longer-term growth trajectory.

I think the fundamentals are still very intact. The business momentum is exceedingly strong and so, I think Finolex Industries, Polycab.

Kotak Mahindra Bank reported a 67% year-on-year jump in its standalone net profit at Rs 3,452 crore. The net interest income stood at Rs 6,234 crore, up 33% YoY.

Go First, the first Indian airline to file for voluntary insolvency proceedings, is reaching out to asset reconstruction companies and distressed debt funds for short-term priority funding, focusing on alternative sources of funds to ensure revival is not impacted by procedural issues. Lenders, Bank of Baroda and Central Bank of India, have agreed in principle to lend INR 450 crore, which would come at a 20% interest rate.

Coffee Day Global, which runs the Cafe Coffee Day chain in India, has been admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court following a petition filed by IndusInd Bank. A subsidiary of listed Coffee Day Enterprises, which was promoted by the late VG Siddhartha that committed suicide in 2019, the company has outstanding debt of ₹67.3 crore from IndusInd Bank as of 31 March 2022, with the total debt standing at ₹960 crore, according to its annual report.

The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.

With the near-uninterrupted 17% rally from the 2023 lows in March taking domestic benchmark indices to record highs and pushing share valuations to elevated levels, there are concerns that the market may be overheated in the near term which could result in foreigners moderating their purchases of local stocks.

Next week, around 170 companies in the S&P 500 Index, representing 40% of its market capitalization, are set to post results, including tech bellwethers Microsoft Corp., Meta Platforms Inc. and Google parent Alphabet Inc. And on Wednesday, after the Fed announces its latest decision on interest rates, Chair Jerome Powell will provide clues on whether investors were correct to wager that its expected quarter-point rate hike will be its last

HDFC, in many ways, represented India’s growth story. No wonder it has always been the favourite stock of investors. But more than the equity market, HDFC’s absence will be missed by the bond market. Its AAA-rated bonds always sell like hotcakes. Despite being a regular issuer, nearly all of HDFC’s bond issues were oversubscribed because they were considered a proxy for sovereign debt.