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IndusInd Bank posted 33% rise in net profit for the quarter ended June to Rs 2,124 crore. Total income for the quarter increased 28% YoY to Rs 12,939 crore.

​So there was a kind of despondency in general in the investment sentiment. Now, with the monsoon coming in that has changed, number one. Number two, we are seeing the global inflows continuing to come in.

​Again, if you look at the market breadth where 70% of the stocks are now trading above the operating average that again gives us the confidence that the current breakout should not get fizzled out in months.

This is good time for FMCG as well as discretionary consumption to sort of come back as the entire market is now rallying and it is on a broad-based rally rather than extremely narrow or polarised rally unlike 2018-19.

The U.S. dollar managed to nudge up after a mixed retail sales report overnight, with sales growth missing forecasts in June but consumers boosted or maintained spending elsewhere, pointing to consumer resilience that is likely to keep the economy on a solid growth path.

Big U.S. banks said on Tuesday higher interest rates helped boost profit in the second quarter, causing shares to spike, but a pullback in consumer spending, slower loan growth and increased deposit costs may cloud the outlook for the sector.

Inflation is falling, with the headline consumer price index (CPI) measure slowing to 3.0% in June from 4.0% in May. That led many observers on Wall Street to conclude inflation might soon be tamed, prompting some to renew bets that rate cuts could happen by as soon as the end of 2023.

The Reserve Bank of India (RBI) has been regularly reviewing the burgeoning bond-derivative trades between banks and insurance companies, and does not see any major reasons for concern at the current juncture.

It will be a special pre-open session for the purpose of price discovery in Reliance Industries shares (excluding the financial services business following the demerger).

"The bank has begun executing its next 3-year plan starting Q1 focused on growth, granularity and governance. Loan growth has been driven by both consumer and corporate segments," said Sumant Kathpalia, MD, IndusInd Bank.