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Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims.Rising interest rates and dividend payouts helped insurance businesses generate more money from investments, while the strengthening U.S. dollar boosted profit from European and Japanese debt investments.

“We will have to keep a watch on the China-Taiwan developments, but I do not think there will be that much of an impact. By September, the chip issue should be sorted out reasonably. Production is happening all over the world and is not necessarily confined to Taiwan only now.”

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala held a 5.05 per cent stake in the June quarter, which was worth Rs 10,911.30 crore, as per Trendlyne.Emkay Global said Titan reported an 8 per cent beat to its Ebitda estimates. "Ex-bullion sales, consolidated Ebitda margin at 13.2 per cent was 200 bps higher than pre-Covid levels, led by operating leverage, exit from loss-making ventures and 80 bps one-off," it said.

FPIs had turned buyers in July after nine straight months of heavy net outflows, which started from October last year. Between October 2021 and June 2022, they sold a massive Rs 2.46 lakh crore in the Indian equity markets.Hitesh Jain, Lead Analyst - Institutional Equities, Yes Securities, said FPI flows are expected to remain positive during August.

The market valuation of Reliance Industries Limited climbed Rs 17,048.21 crore to stand at Rs 17,14,256.39 crore and that of ICICI Bank advanced Rs 13,861.32 crore to Rs 5,83,261.75 crore.The market capitalisation (m-cap) of Life Insurance Corporation of India (LIC) went higher by Rs 6,008.75 crore to Rs 4,34,748.72 crore and that of Bajaj Finance

Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services, said while the pace of momentum may slow down, the market is expected to maintain its positive bias in the near term.

"This week market will deal with the last batch of Q1 earnings where it will react to SBI, HPCL and BPCL results on Monday, while Adani Ports, Bharti Airtel, PowerGrid, Coal India, Eicher Motors, Hindalco, Grasim, Hero Motocorp, LIC, ONGC and Bata India will be other prominent earnings during the week," said Santosh Meena, Head of Research, Swastika Investmart Ltd.

On July 6, the PGCIL board had approved the proposal to raise Rs 6,000 crore in 2023-24, for financing of capital expenditure requirement, providing inter-corporate loans to wholly-owned subsidiaries and other purposes.An amount of Rs 8,500 crore is being considered as expected capital expenditure (CAPEX) during the fiscal year 2023-24, as per the notice of the AGM.

"There is always opportunity in small and mid-cap space, as Indian entrepreneurs are very hard-working, and dynamic market opportunity allows them to create success stories. From that perspective, there are always bottoms-up (stock-specific) opportunities to invest in mid and small-cap space. Also, there will be some large trends emerging, when some of the efficiently run companies in that sector tend to do very well as soon as they get some tailwind for their businesses."

“I have been looking at companies with high dividends and that is somewhere where you can definitely be. MNCs are starting to pay high dividends because they want to try and take money out of the country and PSUs also because the government also needs money. Those sectors also can be looked at. We are getting some companies which are giving 4-5% dividend yields which are good.”.