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The other two sectors where FPIs bought maximum shares include auto and auto ancillaries and capital goods, where FPIs invested ₹19,500 crore and ₹12,400 crore, respectively, since March 1.

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Utkarsh Small Finance Bank is launching an IPO of fresh issue shares worth INR500 crore ($67m) to increase its Tier 1 capital base in order to meet future requirements. The bank was established in 2016 and began operations the following year, offering a range of deposit products to three million customers mostly located in rural areas.

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​​The capital infusion by the government would strengthen the green ambitions of all three companies, which already have set net-zero targets and drawn up a detailed roadmap to cut emissions.

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According to a Sebi order, JP Morgan had delayed disclosing the information to the regulator that Fidelity Management and Research Company had operated in Indian markets as an FPI despite not having the registration post its merger with Fidelity Investments Money Management.

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Euro zone bond yields fell on Friday after lower-than-expected US jobs data for June was released. Figures showed that an additional 209,000 jobs were added last month, down from 306,000 in May, with economists anticipating 225,000 new positions.

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Oil prices dipped slightly as concerns over further interest rate hikes continue, despite US oil inventories falling more than expected. Brent crude futures were down 0.5% at $76.14 a barrel, while US West Texas Intermediate crude fell 0.7% to $71.30 a barrel, though both are on course to secure their second consecutive weekly gains. .

Rekha Jhunjhunwala, an ace investor, has increased her holdings in Tata Communications during the June quarter, taking the total holding to 1.84%. The company is a part of the Tata Group and facilitates the digital transformation of businesses globally by providing connectivity, cloud hosting, security solutions, and media services.

US stocks open lower after payrolls report

Updated at : 2023-07-07 20:20:02

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Data shows U.S. job growth has slown more than expected in June after surging in the prior month, but labor market conditions remain tight, with the unemployment rate retreating from a seven-month high and fairly strong wage gains continuing

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The US dollar held steady against most major currencies on Friday, except the yen which rose sharply following Japanese wage data. Short-dated Treasury yields have risen to their highest level since 2007, reflecting the likelihood that the Federal Reserve will need to continue raising interest rates.

Indian stock market index Nifty ended 165.5 points down on 9 July, breaking its higher lows formation of the previous seven trading days to form a long bear candle, with a long upper shadow according to charts. A small-bodied bullish candle has been seen on a weekly scale, where the index has formed higher lows for the past 15 weeks. However, it has to hold above 19,300 zones to extend the move towards 19,420 and fresh all-time high levels. Meanwhile, analysis from multiple experts recommended traders could take long positions at 19,200 with a 19,150 stop loss for contra trades.

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