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Overall corporate earnings have been in-line with expectations and coupled with a good monsoon this year, we are witnessing positive news flow not only from rural India but also from export dependent sectors like IT and Textiles.

TVS Motor Company Ltd., incorporated in the year 1992, is a Large Cap company (having a market cap of Rs 122313.55 Crore) operating in Auto sector.

Oil prices increased for the third day following a significant reduction in U.S. crude inventories. Brent and WTI futures experienced mild gains. The unexpected fall in U.S. crude stockpiles and potential Middle East supply risks contributed to the upward trend. Additionally, Libya announced a production cut due to protests, adding to the market fluctuations.

U.S. stocks closed lower on Wednesday, with the Nasdaq dropping 1%. Technology shares and a weak 10-year Treasury auction dampened investor sentiment. The S&P 500 technology index was the biggest drag, falling 1.4%. Significant declines included Walt Disney and Super Micro Computer. Investors remained cautious amid recession worries and upcoming central bank commentary.

Canara Bank aimed to raise a minimum of $300 million by issuing bonds internationally to bolster its liability franchise amid strong credit growth. The bank enlisted DBS Bank, Mitsubishi UFJ Financial Group, and BNP Paribas for this effort. This was its first bond issue in over five years, intended to broaden its funding sources.

Fortis Healthcare saw a 40% rise in consolidated profit after tax, reaching ₹174 crore for Q1FY25 from ₹124 crore the previous year. Revenue grew to ₹1,859 crore. The hospital business, accounting for 84% of EBITDA, led this growth. Plans include adding 700 beds and evaluating inorganic growth opportunities.

A sudden stock market selloff led to massive losses for those betting on market stability. The CBOE VIX index spiked sharply, erasing billions from short-volatility ETFs. Both retail and institutional investors suffered, highlighting the dangers of betting against market volatility.

The yen rose on Thursday after a sharp drop the day before, driven by mixed signals from the Bank of Japan regarding future rate hikes. Investors have been cautious, weighing the unwinding of carry trades and uncertain rate paths. This volatility underscores the fragility of global financial markets.

Sensex and Nifty recovered significantly on Wednesday following a global rally after consecutive losses. Key stocks in focus included ONGC, which gained 7.45%, PFC up by 4.30%, and Tata Power down 1.31%. Experts advise holding these stocks with strict stop losses, given the present trading volumes and market movement.

Ritesh Jain, a global macro trader, stated that central bankers have overreacted and decided not to raise interest rates due to market volatility, which may revive the yen carry trade. Jain also noted that long-term global economic trends and structural changes continue to favor India, supported by consistent investment flows, despite short-term market fluctuations.