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According to Bhavik Thakkar of Abans Wealth and Investment Managers, the difference between Bank FD returns and Corporate Debt MF returns are not much and, hence, from a safety point of view, investors may prefer the former.

Yes definitely there is a competitive intensity in their major businesses like pump and the lighting. We are seeing increased as well as butterfly acquisition in the integration phase.

On the options front, the maximum Call OI is placed at 17800 and then towards 18000 strikes while the maximum Put OI is placed at 17700 and then towards 17600 strikes. Minor Call writing is seen at 17800 then 17950 strikes while Put writing is seen at 17750 then 17700 strikes.

Renewed concerns regarding the state of the US economy and banking sector caused both the yen and the US dollar, both safe haven assets, to experience a steep increase in value. The dollar index rose 0.01% to 101.80, with shares of First Republic Bank slumping 50% after a fall in deposits of more than $100bn in Q1. Despite the risk to small US banks, Joseph Capurso, Head of international and sustainable economics at Commonwealth Bank of Australia, expected the USD to stay elevated. Meanwhile, US consumer confidence fell to a nine-month low in April and fresh economic data, including the fourth straight month of contraction in the US Richmond Fed manufacturing index, surfaced to heighten concerns regarding recession.

Renewed concerns regarding the state of the US economy and banking sector caused both the yen and the US dollar, both safe haven assets, to experience a steep increase in value. The dollar index rose 0.01% to 101.80, with shares of First Republic Bank slumping 50% after a fall in deposits of more than $100bn in Q1. Despite the risk to small US banks, Joseph Capurso, Head of international and sustainable economics at Commonwealth Bank of Australia, expected the USD to stay elevated. Meanwhile, US consumer confidence fell to a nine-month low in April and fresh economic data, including the fourth straight month of contraction in the US Richmond Fed manufacturing index, surfaced to heighten concerns regarding recession.

The software maker posted revenue of $52.9 billion in its third fiscal quarter, up 7% from the same period a year ago. Analysts polled by FactSet expected Microsoft to post revenue of $51.02 billion for the quarter.

The Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans.

The share of hotel rooms in the tier-II and tier-III cities increased to 38% of the total inventory at the end of 2022 from 33% four years ago according to a recent HVS-Anarock report. The share of hotel rooms in metros reduced to 19% from 30% during the period. Cities such as Agra, Haridwar, Manali, McLeod Ganj, Kasauli, Katra, Mahabaleshwar, and Vrindavan reported the opening of new hotels in the mid-market and upscale segments.

Latest Reserve Bank of India data showed that as on April 7, bank credit growth was 15.7% year-on, far higher than deposit growth of 10.2%. The wide gap between loan growth and deposit growth last year has prompted banks to turn to debt capital markets to raise funds and finance the credit demand.

The bond, expected to be priced 145-150 basis points above the five-year US treasury rates, is being sold through six lead managers that include JPMorgan and HSBC.