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The prospect of slower global price pressures may be one of the few upsides of China’s descent into deflation as the economy struggles to regain its footing after a post-Covid bounce faded. Inflation is likely to remain muted as a property slump and troubles in the shadow banking industry curb spending and investments by both consumers and companies.

Market dislocations are generally difficult to identify with precision. However, it implies the existence of an event or circumstance where the whole banking, financial services and bond markets experience severe liquidity strain.

Sectorally, FMCG, IT and Media indices ended with gains, while all others registered losses, with Nifty Metal and Nifty PSU Bank emerging as the top losers on Monday.

Stocks that were in focus include names like Motilal Oswal which closed with gains of over 3%, Aurobindo Pharma which rose over 1% to a fresh 52-week high and ESAB India which settled 3% higher on Monday.

Bond yields across Europe jumped, with UK gilts spiking after data showed basic wages in Britain surged to hit a new record growth rate.

The company said it recorded an exceptional loss of Rs 382 crore due to change in the forex policy of the Central Bank of Nigeria in June 2023 which impacted its bottomline.

Three out of four respondents expect a soft landing or no landing in global growth and the proportion of those expecting weaker growth fell markedly to net 45% from 60% in July.

​Pertinently, despite the concerns around subdued spending on digital infra globally, Nifty IT on a YTD basis has given 8.41% return and here are some counters from the space that are in close proximity of their 52-week high levels.​

​As per Trendlyne data, this strategy significantly outperforms indices. Note the screener adopts a dynamic approach and stocks change based on changing cash flows and the durability score. ​

​Banking stocks are performing impressively well recently on the back of strong fundamentals such as improving NPAs and better credit offtake.​