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In last two years when we saw that government disallowed the edible oil contracts in the NCDEX, so we saw that now people are demanding this edible oil contract in the futures market.

I think that has been the case for the last two years. HDFC has been a rank underperformer among the financial sector peers, even if you take the banks.

The S&P 500 and Nasdaq closed at their highest levels in 14 months following data that showed modest increases in consumer prices. The slight increase in inflation has buoyed the view that the Federal Reserve may refrain from raising interest rates today. Meanwhile, Nvidia rose 3.9% and became the first chipmaker to have a market capitalization of above $1tn. However, its smaller rival, Advanced Micro Devices, dropped by 3.6% after an uninspiring update on its AI strategy. Investors have priced in a 93% likelihood that the central bank will keep interest rates in the 5%-5.25% range while July may see a 62% chance of a 25-bps increase.

Ace investor Ashish Kacholia has sold a partial stake in D-link (India) through bulk deals, with him selling 3.69 lakh shares of 1.04% in the company at Rs 227.91 apiece. Kacholia has taken home around Rs 8.43 crore through the sale, and has decreased his stake in the company by a total of 1.6%.

CreditSights, owned by Fitch Ratings, has recommended investors buy bonds of Vedanta Resources (VRL) with a high-risk appetite and a possible sharp sell-off nature. However, it also expects VRL to handle its debt maturities in the next 12 months and anticipates the rally in bond prices by 10-15 points.

BSE has sold 4.5% stake or 47.44 lakh shares in Central Depository Services Ltd (CDSL) through open market transactions to comply with regulatory norms, which state that a stock exchange can only hold a 15% stake in a depository. ICICI Pru Tech fund bought 5.28 lakh shares in CDSL or around 0.5%. Meanwhile, Madhuri Kela, wife of Madhusudan Kela, acquired a 1.67% stake in Sangam India by buying 8.4 lakh shares. Sangam India is the largest producer of PV dyed yarn in Asia with an annual capacity to produce 30 million meters of fabric and 48 million meters of denim.

​China, followed by India, will see the biggest net outflows of millionaires globally in 2023, Henley & Partners said in a report Tuesday.​

Zerodha co-founder Nithin Kamath has said that most retail traders fail due to irrational decision-making. Meanwhile, financier Ramesh Damani has said that "trading is always done by slip book and not cheque book". According to Damani, speculation is about leverage, and traders should cut their losses and hold on to their profits. Kamath clarified this statement by explaining how badla traders would always make a profit for themselves and their brokers, while those who issue cheques were betting the wrong way and should cut their position.

ETMarkets has identified five stocks with a Golden Crossover, indicating potential growth opportunities. These companies have a market capitalisation of over Rs 5,000 crore. Read on to discover more about these companies and their businesses.

Tata Motors plans to increase its EV portfolio’s contribution to sales from 12% to 25% by the end of FY2027 and to 50% by 2030, according to its annual report. The company’s EV sales hit 50,000 in Q1 of FY 2022-23, from 1,300 units three years ago. The automaker will seek significant growth by expanding its EV sales and after-sales network, as well as charging infrastructure across India to build on this strategic advantage. Its subsidiary Jaguar Land Rover is set to make Jaguar an all-electric luxury brand. The first vehicle will be revealed in 2024 and available to customers in 2025.