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During the Fed chief’s speech both the S&P500 and NASDAQ index hit their lifetime highs, indicating that investors were largely happy with what they heard. Analysts believe the reaction of the US market bodes well for Indian equities next week.

At the time, the company’s management suggested that better days lay ahead. Kotak Institutional Equities believes they indeed do.

The US Fed is currently buying bonds worth $120 billion ($ 80 billion of Treasury Securities and $40 billion of mortgage-backed debt) since March 18, 2020. As on this date, the Fed had assets worth $4.7 trillion which has since increased to $7.8 trillion as on April 14, 2021.

The Dow Jones Industrial Average rose 18.0 points, or 0.05 per cent, at the open to 35231.11.

At the Fed’s most recent policy meeting in late July, “I was of the view, as were most participants, that if the economy evolved broadly as anticipated, it could be appropriate to start reducing the pace of asset purchases this year,” Powell said.

The order was passed after the markets regulator noticed the investors of certain FMPs launched by Kotak Mahindra Mutual Fund were not paid their full proceeds based on the declared Net Asset Value (NV) as on their respective maturity dates. The order will come into force with immediate effect, as per Sebi.

​​When that adaption happens at the right price point, then that would change the way India is consuming diesel and petrol today. So the entire planning has to be recalibrated going forward. It is a massive amount of change that is happening and all these segments whether it is energy or mobility, they are very much interconnected and their changes are also dependent on each other.

The Chennai-based entity reported a 29 per cent fall in income from operations to Rs 247.83 crore in FY2021, against an income of Rs 350.27 crore in FY2020.

Ami Organics IPO will open for subscription on Wednesday, September 1, and will close on Friday, September 3.

A total of three stocks on BSE ended up rising for every two that fall, as investor wealth swelled Rs 1.8 lakh crore for the day.