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The S&P 500 closed higher on Friday, recovering from a recession-fueled slump. Gains were driven by the technology sector. Investors now focus on upcoming economic data and the Federal Reserve meeting in September, where rate cuts are anticipated.

Considering these factors, I do not believe that the Indian market will fall significantly. Instead, it is likely to hover around current levels for some time due to global market volatility. This volatility and consolidation at elevated levels are actually beneficial for the market’s long-term health.

​So, PSU banks look very interesting. If I look at it, PSU banks have also underperformed in these last two months. So, my sense, PSU banks again remain the top bets.

In July, bank business saw slower growth in both credit and deposits compared to last year, according to the Reserve Bank of India. Deposits rose 10.6 percent year-on-year while credit grew by 13.7 percent. Banks are being urged to focus more on deposit mobilisation to avoid potential liquidity issues due to reliance on non-retail deposits.

Lemon Tree Hotels intended to list its subsidiary, Fleur Hotels, soon to address its Rs 1850 crore debt. Fleur Hotels includes 4,000 rooms and major properties. Despite election and heat wave challenges, Q1 2025 marked the highest revenue for Lemon Tree, although occupancy slightly decreased, and renovation investments impacted EBITDA margins.

During the quarter, revenue from operations jumped 83% to Rs 638 crore. Consolidated Ebitda was up four times to Rs 157 crore against Rs 35 crore in the first quarter of the last fiscal year.

The company follows an October–September period to report its quarterly results. Total revenue was up 7% at Rs 5203 crore against Rs 4873 crore. The company’s new orders stood at Rs. 6,245 crore, an increase of 18% over the same period last year. Revenue from energy segment declined from Rs 1,518 crore to Rs 1,485 crore year-on-year.

This notice partially amends the previous exchange notices issued on June 2, 2023, and July 18, 2023, regarding Enhanced Surveillance Measures (ESM). All other provisions outlined in the earlier notices will remain unchanged, as stated in this notice. The list of scrips identified under the amended framework will be released separately.

Leaders of the financial spectrum convened at the AIF & PMS conclave 2.0, powered by ET Markets, to draw attention to alternative investment opportunities. An inaugural day session weighed in on the essential screening and vetting guidelines before you invest in the burgeoning small business segment.