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The long-awaited weightage increase of HDFC Bank will be happening in the month of August, however MSCI has made an exception by raising with lower adjustment factor, leading to an inflow of $1.8 billion, equivalent to 93 million shares, with an impact of about 4.5 days in August Rejig.

Chinese authorities took unusual steps to control the government bond market, instructing rural banks to reverse recent bond purchases. This intervention aimed to stabilize falling yields amid economic slowdown concerns. These actions have raised questions about long-term investor confidence and market transparency, crucial for international investments.

TTK Prestige announced its first-ever Rs 200 crore share buyback at Rs 1,200 per share, marking a 19% premium from its recent closing price. This move comes after noteworthy stock growth, with a 34.8% year-to-date increase. Shareholders must note the buyback record date as August 14, 2024.

Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.

The Indian market was poised for consolidation due to mixed global influences. FIIs registered substantial sales while DIIs made significant purchases. Focus was on key index levels and stock picks for short-term trading, including Cipla, Hindustan Unilever, and ONGC, with specific targets and stop-losses provided by experts.

The BSE Sensex was trading 78 points, or 0.1%, lower at 79,572, while the Nifty50 was up 21 points, or 0.09%, trading at 24,325 around 9:22 am.

MSCI stated it will lift the freeze on Adani stocks from the August 2024 Index Review. This will involve updates in the Number of Shares, Foreign Inclusion Factor, and Domestic Inclusion Factor for the Adani Group. Regular corporate event implementations will commence on September 2, 2024. MSCI continues to monitor Adani Group and associated securities.

There are countries that are hotter but have just a lot more air conditioning, so that way positive about the long-term future. We have not got this stock in our portfolio, but the whole space is interesting. For Jubilant, it is relatively expensive stock.