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​We believe that going forward this premium play will help out the company on the revenues and margin front and on the other hand whenever in past we have seen that rural economy started improving it has really given a strong mileage to Hero Moto being more than 50% volumes coming from rural India.

The BSE Sensex was trading 268 points or 0.43% higher at 62,993. Nifty50 was trading at 18,675, up 74 points or 0.40% at around 9.17 am.

It is always a bottom up, so we have a combination of top-down and bottom-up so these are the three sectors from top-down perspective and when it comes to bottom-up, if you look at our portfolio, you will realise that we have really cherry-picked many companies within each sector whether it is banking or whether it is consumer or whether it is capital goods

The Board of the Bank has approved raising of up to Rs 750 crore through issuance of Basel-III compliant Additional Tier-I Bonds or Tier-I I Bonds in one or more tranches within a period of 12 months.

​The deals are getting awarded, but the companies are not confident as to when the execution is going to start. So how much revenue is going to flow in the, let us say FY24 bucket or is going to spill over into the FY25 bucket, that is something which is that we are very uncertain about.

​So the IDFC First is something that we continue holding onto our portfolios. Our own sense in terms of the retail franchise actually picking up pace for IDFC First is a huge positive.

SIPs are now a structural way for people to save and investors have realised that if they stay invested for even three to five years, SIP returns never deliver you a bad experience.

The dollar has weakened slightly and traded within a tight range in anticipation of the US Federal Reserve’s anticipated announcement on interest rates. The body is expected to announce its interest rate decision on Wednesday with markets marking an 80% chance of rates remaining the same. Sterling rose 0.07% to $1.2520, following hawkish comments from Bank of England policymakers who said interest rates could rise further if inflation remained resilient. Meanwhile, the euro rose 0.04% to $1.0760, ahead of Thursday’s interest rate decision from the European Central Bank.

The PE (private equity) landscape recorded 84 deals, raising $3. 9 billion in May this year. The startup sector continued to dominate deal activity, accounting for 55% of total PE deal volumes.

Myanmar Commerce Minister U Aung Naing Oo on Monday expressed hope that a Rupee-Kyat trade arrangement between the two nations is finalised by June-end. Oo said trade volume between the two countries will double once the arrangement being worked out as Myanmar which has been hit by US sanctions is unable to earn sufficient foreign exchange to import goods from its trade partners.