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“Right now that concern is not there but the world is very volatile. Suddenly, some geopolitical event happens and oil shoots up to $110-120-130 then there is no option for the country to take steps. So at this point of time, we are not worried but any sharp increase in oil and G-Sec yields inching up towards maybe 7.75%, closer to 8% would be a wake-up call.”

“After Q1 results, most analysts have downgraded earnings by roughly about 8% to 9% for FY23. As a result, everything has culminated into a reverse value versus earnings outlook for the IT space. This is going to be a correction in the IT pack. From a longer term standpoint, once a capitulation happens, it will create value but we need to wait for the right valuation before getting very bullish about the sector.”

Transport Corporation of India Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 5930.67 Crore) operating in Logistics sector.

The weighted average rate in the interbank call market, where banks lend and borrow among one another, was at 5.61% on Monday versus 5.17% last Thursday and 5.20% Friday, reflecting a surge of nearly half a percentage point.

​This follows a formal request from digital payments firm PhonePe to defer the January 2023 deadline by at least three years, they said. Google Pay has also had consultations with NPCI regarding an extension, a person briefed on the matter said.

In the case of Rainbow Papers, a revised bid has already been finalised. Local valuation firm Kakode and Associates (K&A) replaced a multinational audit and accountancy firm and has used the two-year discounting method which entailed lesser expenses versus five-year discounting, said the person cited above. K&A did not reply to an email seeking comment.

The flagship company of the Adani Group, Adani Enterprises, has raised Rs 100 crore by allotment of 1,000 non-convertible debentures of face value of Rs 10 lakh each on a private placement basis.

The dollar rose against major currencies on Monday ahead of a slew of central bank meetings this week led by the U.S. Federal Reserve, which is likely to raise interest rates by another 75 basis points to tackle inflation.

The dollar eased 0.15% to 142.96 yen, continuing a week-long consolidation following two attempts at 145 this month that took it as high as 144.99 on Sept. 7 for the first time in 24 years. The dollar-yen currency pair tends to track the long-term yield spread between U.S. and Japanese government bonds.

Now, even the calendar is against anyone looking to buy equities. This is the weakest month for the S&P 500 Index in data going back to the 1950s, and it’s already down more than 2%.