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​We could see a rate cut much before than what market thought it probably would be September. So, broadly the bond yields have fallen. I think there will be some softening of bond yields which I think is very positive for the market, especially financials and rate sensitives, so that is one focus area and that is segment which has relatively underperformed.

Rajesh Palviya of Axis Securities has noted that both Nifty and Bank Nifty are weak, recommending short positions until specific levels are reached. He mentioned that global economic pressures and potential interest rate cuts by the Fed are being closely watched. IT and automobile sectors may continue to experience volatility.

HNIs, by virtue of them seeking absolute returns are not worried if they let go of a percent of upside here and there and they are more concerned about capital protection hence they hold cash on the sidelines when markets are stretched and they will be in no hurry to deploy it en masse in the markets because of this shallow correction.

Brainbees Solutions, which operates FirstCry, raised Rs 1886 crore from 71 anchor investors ahead of its IPO opening. Key investors include SBI Mutual Fund, HDFC Mutual Fund, and Goldman Sachs. The funds will be used for new stores, global expansion, and marketing. The company reported a 15% revenue growth and reduced losses by 34% in FY24.

Seven stocks from the BSE500 index reached their highest prices of the past year.​

For the June quarter, the company reported revenue from operations of Rs 1,222 crore, a 44% increase year-on-year, driven by improved ADS and store additions. In the corresponding quarter of the previous year, revenue was Rs 847 crore. Consolidated EBITDA for the quarter was Rs 220 crore, with margins at 18.3%, reflecting a 1.7% improvement compared to the previous quarter.

The buyback will take place through a tender offer and the buyback size represents 9.68% of the total paid-up equity share capital.

State-owned ONGC on Monday reported 15% fall in its standalone net profit at Rs 8,938 crore in the first quarter ended June 2024. The same stood at Rs 10,527 crore a year ago.

The U.S. economy does not look like it is in recession despite weaker-than-expected jobs data, but Federal Reserve policymakers need to carefully monitor changes in the environment to avoid being too restrictive with interest rates, Chicago Fed Bank President Austan Goolsbee said on Monday.