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The dollar index and Treasury yields, expectedly, surged on Friday. The dollar index inched up further on Monday while the Thai baht paced losses among Asian currencies. The Thai currency suffered its worst day in more than two decades.

“I am a long-term bull in India. India is going to do very well going forward. You are going to have market fluctuations, you are going to have situations like Adani but the country itself is going to go from strength to strength. Because of Adani, you see some outflows, but the outflows are probably related to the fixed income market.”

Indian shares closed lower on Monday amid pressure on most global markets after bond yields headed northwards. >> For more such web stories click on the ET icon below.

Analysts have said that the government’s decision to convert Vi’s accrued interest into equity will help the telco get some existing bank debt refinanced in the immediate future, which will help free up cash to pay vendor dues particularly to Indus Towers as well as for immediate capex needs

The Nifty Bank index closed 0.3 per cent down at 41374.65.

In the Nifty200 pack, five stocks closed above their 200 DMA. >> For more such web stories click on the ET icon below

Currently, the Nifty50 EPS estimate is 843 for FY23, 995 for FY24 and 1,139 for FY25, implying FY23-25 earnings CAGR of 16%

“Going forward, we expect the volume growth and also the earnings growth to improve simply because in terms of input costs, we are expecting the softening to continue year-on-year. We continue to deliver both sequential and year-on-year gross margin improvement. Therefore the trends will continue for a couple of quarters going into FY24.”

The company is also the custodian for institutional investors with forward looking services designed and customised to equip mutual fund houses, foreign portfolio investors, institutional investors, family offices, HNIs across segments to efficiently manage their operations.

India’s weighting in MSCI’s emerging-market benchmark has dropped after the brutal selloff in Adani Group’s stocks. >> For more such web stories click on the ET icon below