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Tata Consumer Products saw a significant revenue boost in the first quarter, fueled by solid growth in the India foods segment and moderate performance in beverages. Profit estimates from analysts were mixed. Improved EBITDA margins are anticipated, while tea and coffee prices remain key factors. Various segments experienced mixed growth trends amid cost challenges.

So, the direction of the market is really dependent on how these volatile components behave and the message we want to give out to investors is that they should expect markets to be volatile, markets to be cyclical. It is unlikely that markets will always be unidirectional.

Cryptocurrency markets rose after former President Donald Trump’s speech at the Bitcoin Conference in Nashville. Trump announced intentions to establish the US as a crypto hub if re-elected. Bitcoin and other altcoins experienced substantial growth, reflecting investor optimism.

Promoters held 0.79 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 15.1 per cent and 11.86 per cent, respectively.

A total of 20,788 shares changed hands on the counter till 01:45PM (IST).

On the technical charts, the RSI of the stock stood at 55.77.

The Nifty IT index was trading 0.27 per cent down at 40866.75.

​A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment.

​So, to that extent we are seeing a bit of a return of the risk on trade in the global markets. We have the Fed meeting this week. People are expecting some dovishness out there. So, I think a kind of environment of a little bit of risk on is being set up globally and we are benefiting from that.

​Consumption, especially premium consumption is what we were bullish on. The second big theme was physical asset creation, which includes the whole gambit of infrastructure, real estate, capital goods and, of course, the themes that we talked about, which is aerospace, defence, etc, where there is intense focus by the government in terms of policy action, as well as encouraging local production.