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The rupee fell 0.1% for the week, having traded in a 20 paisa range over the period.The Financial Times reported that JPMorgan is seeking investor views on whether to make a large chunk of Indian government bond market eligible for inclusion to its widely tracked GBI-EM Global Diversified index of local currency debt.

“We expect Indian banks to build on the momentum of strong economic growth as well as resolution of legacy loans to improve their asset quality further. In fact, we have been projecting that the NPLs plus performing restructured loans put together should be below 5% by March 2024 and they could go below 3.5% by March 2025.”

The stock quoted a 52-week high price of Rs 31441.05 and a 52-week low of Rs 17900.0.

German consumer sentiment is set to hit a record low for the third month in a row in September as households brace for surging energy bills, a survey showed, while French consumer confidence unexpectedly rose in August.On Friday, miners rose as copper prices gained on hopes that fresh stimulus measures from China would boost demand.

Wood said he is surprised by stock market resilience in the face of bearish sentiment triggered by the wave of foreign selling, prevailing high valuations and monetary tightening.

Gensol Engineering offers EPC and solar advisory services. The company is engaged in providing technical due diligence, detailed engineering, quality control, construction supervision, and other consulting services for solar projects across many countries, including India.

Overseas investors poured a net $7.5 billion into nine regional markets so far in August, the biggest monthly inflow since end-2020, according to exchange data compiled by Bloomberg. India accounted for the lion’s share as foreigners pumped in $5.7 billion, while South Korea received $2.3 billion.

In a disclosure made before the stock exchanges, Zomato said Sequoia Capital India Growth Investment Holdings I and SCI Growth Investments II sold 171.9 crore shares or a 2.01 per cent stake held in the company.

“My personal preference has always been to onshore, to produce in the countries that are imporing because that reduces the friction that the business creates. By and large, Motherson has a clear mindset. If you want to export more than 5%-10% of your turnover, move to that country and find ways and means by which you can produce there.”

In each of six instances since 2008, reading below 15 in percentage of stocks above 200-DMA (Nifty500 universe) led to durable bottom, followed by new highs on Nifty. We expect the same rhythm to be maintained this time as the indicator bottomed at a reading of 14 in June 2022,the analysts said.