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So a couple of things. In March we really saw a meltdown in small caps for maybe tax reasons or people were too busy with insurance etc. but since the 28th March almost 9% or 10% of companies who have a market cap of more than Rs 500 crores are up 80%.

Option data suggests a broader trading range in between 19100 to 19700 zones while an immediate trading range in between 19250 to 19550 zones.

Notably unsecured consumption-led products have risen a compounded annual growth rate (CAGR) of 47% from the quarter ending March 2021 to March 2023 and credit card delinquencies rose 66 bps ( one bps is 0.01 percent) year-on-year in the March 2023 quarter to 2.94 percent.

The offshore bondholders of CDPQ and the Canadian pension fund Ontario Municipal Employees Retirement System (OMER) backed Azure have appointed Akin Gump Strauss Hauer & Feld as their advisor over concerns of technical default triggered by the delisting of stock, as reported by ET on July 6.

Shares of TCS, Infosys, Tech Mahindra, Wipro, LTIMindtree, Persistent Systems, and L&T Technology Services ended 1-3% higher on the NSE, while the Nifty IT index ended nearly 2% higher.

The rupee and Indian bonds rallied despite a higher-than-expected local inflation reading, potentially lengthening the odds the Reserve Bank of India (RBI) will ease rates soon.

The two stocks outperformed their new-age peers Delhivery, One 97 Communications (Paytm), FSN Ecommerce (Nykaa), and CarTrade Tech, which were trading off their yearly highs.

The IPO consists of a fresh issue of ₹206 crore and an offer for sale of up to 8.5 million shares. Netweb plans to use the proceeds to fund working capital, capital expenditure, debt repayment and general corporate expenses.

Patanjali Ayurved, promoters of Patanjali Foods, proposed to sell up to 9% or 32.6 million shares through the OFS, which included a base size of 25.3 million shares.

Net interest income, the difference between interest earned and expended, climbed 20% to ₹1,919 crore for the June quarter versus ₹1,605 crore during the corresponding period last year. Net interest margin at 3.15% was down 7 basis points on year on account of the rise in cost of funds.