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The hypermarket chain operator reported an 18% YoY growth in revenue for the quarter to Rs 11,584.40 crore. The board has also given consent to offer employee stock options, subject to the approval of shareholders at the ensuing annual general meeting.

The largest bank in the nation, JPMorgan Chase & Co., led the way with $14.5 billion in profit, helped by growth virtually across the board, including increases in lending and credit-card transactions. Wells Fargo pulled in $4.9 billion and Citi earned $2.9 billion. All of the earnings were higher than analysts had expected.

Last week, the Delhi Bench of the National Company Law Tribunal had admitted an insolvency petition against the government-owned logistics company by an operational creditor Roadwings International Pvt Ltd.

The mega $40-billion merger of HDFC Bank and HDFC Ltd came into effect on July 1. Shares of HDFC Ltd discontinued trading on the stock exchanges from July 13. The bank had set July 12 as the record date for determining eligible shareholders for share allotment.

This leads to irrational analysis and ultimately financial losses. Emotions and biases often cloud our judgment, leading to poor trading decisions. For instance, when investors have an exaggerated belief in their ability to predict the market, they may take excessive risks. They may ignore warning signs such as not exiting when stop loss is hit.

HDFC Bank, LTIMindtree, Tata Elxsi, and Crisil will come out with their Q1 results on July 17

This is because RIL has fixed July 20 as the record date for the demerger of Reliance Strategic Investments, which will be renamed Jio Financial Services. Ever since this announcement, shares of the oil-to-telecom major have clocked sharp gains and scaled a fresh 52-week high of Rs 2,802. On Friday, the stock ended marginally down 0.1% at Rs 2,740.70.

Meanwhile, US inflation print released during the week prompted further pain for the greenback. In the recent Beige book survey, the Federal Reserve said the US economy has shown an overall increase in activity since late May, though most regions expect the pace of expansion to weaken.

Fed officials are expected to raise rates by 25 basis points at their meeting this month after pausing their 15-month tightening campaign in June while at the same time indicating that two more increases were likely this year.

Yield on the 10-year benchmark government bond could move up 4 basis points (bps) in the three-month period, while the change for corporate and state bonds could be as much as 11 bps, it said.