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“We are very bullish on the financial space and especially the lenders whether it is private banks or smaller banks or NBFCs. We do not have any kind of exposure to PSU banks and that has nothing to do with the valuation. It has everything to do with my interest not being aligned with the promoters which is the government of India in this case.”

Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.

Mahindra Logistics Ltd. key Products/Revenue Segments include Services Rendered and Other Operating Revenue for the year ending 31-Mar-2022.

“The Indian market is slightly outperforming the world markets and I do not think that it is sustainable.In the extreme short term, market going to go very close to the record highs registered in October 2021 or slightly exceed that. Then it is going to begin a larger correction.”

The retailer has plans to open more than 2,000 brick-and-mortar stores annually with a focus on smaller markets. At the same time, Reliance wants a larger share of the ecommerce pie with JioMart, Ajio Reliance Digital and a new platform dedicated to third-party sellers.

The International Energy Agency (IEA) said Wednesday it expects widespread switching from gas to oil for heating purposes, saying it will average 700,000 barrels per day (bpd) in October 2022 to March 2023 - double the level of a year ago. That, along with overall expectations for weak supply growth, also helped boost the market.

Markets are now pricing in a 30% chance that the Federal Reserve increases benchmark interest rates by 100 basis points at its meeting that ends Sept. 21, up from a 0% chance before the inflation data was released. Some analysts have also penciled in bigger rate hikes in coming months.

A historically high 52% of respondents said they are underweight equities, while 62% are overweight cash, according to the bank’s global fund manager survey, which included 212 participants with $616 billion under management in the week through Sept. 8.

Earlier on September 7, another promoter entity Gelt Bery Trade and Investment, bought 140 shares in Adani Enterprises. Shares of Adani Enterprises, which more than doubled in the last six months, ended half a per cent higher at 3,572 on Wednesday. Adani Enterprises will replace Shree Cement in the Nifty 50 index from September 30.

L&T Finance is seeking to raise up to 5,000 crore via public sale of bonds, which are rated as triple-A by rating companies ICRA and India Ratings