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The net interest income (NII) grew by 24% YoY to Rs 10,997 crore in Q1FY24 while the global net interest margin (NIM) for the said quarter stood at 3.27%, up 25 bps YoY. The domestic NIM rose 34 bps YoY to 3.41% in Q1.​​

As an investor in Indian equity markets, you must not fret over the US downgrade by Fitch and focus on stocks that you own in your portfolio over anything else. Make sure that they are fundamentally sound and hold them with patience.

The Opec-plus countries, which pump almost 40% of the world’s crude, have a broader plan to limit supply into 2024 and prop up global oil prices. In October 2022 and April this year, the production cartel decided to cut output of its member countries to tackle the supply glut and boost prices.

Vedanta stood at the top spot in terms of deal size with Twin Star Holdings selling stake worth Rs 3,983 crore. Copthall Mauritius, Societe Generale bought stakes worth Rs 2,194 crore and Rs 761 crore, respectively, in the metal major.

"Amid the selloff in largecap stocks, midcap and smallcap stocks have been witnessing a stellar performance. In fact, the Nifty Smallcap and Midcap indices have recovered to their all-time highs following a one-day sell-off. Among the sectors, IT and pharma stocks are likely to continue to remain resilient amid the market sell-off."

The company distributes packaged software applications such as breed software, technical expertise, management tools, enterprise resource planning, customer relationship management, analytics, and managed testing business solutions.

Foreign institutional investors (FIIs) are those institutional investors who invest in assets belonging to a different country other than where these organizations are based.

Srivari Spices is engaged in the business of manufacturing spices and flour. The company was incorporated in 2019. It markets and sells its products and operates primarily in and around Telangana and Andhra Pradesh.

Lloyds Engineering was the top gainer in the smallcap pack with nearly 44.54% return, followed by Digispice Technologies (40.04%), MPS (37.8%), and Optiemus Infracom (28.7%). About 7 stocks including Sanghi Industries, Jai Balaji Industries, and HCL Infosystems have offered returns over 25% during the week.

Staying away from the screen is a great mental and emotional detox such that when you’re back to work, your focus and productivity improve by leaps and bounds. In a lighter vein, I must admit, I am joked about in my circle for being in flight mode, even when I am in town. But come to think of it, even phones need a recharge, shouldn’t we too?