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“We like the auto pack. We are pretty bullish on Mahindra and Ashok Leyland. . In consumption, Crompton Consumer is definitely good and there are many more names but because of our coverage, we are restricted to a few. The third space is manufacturing which is shaping up well. That is the space where one should continue to focus the portfolio.”

Gold declines Rs 365 amid weak global trends

Updated at : 2022-08-29 17:20:01

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In the international market, gold was quoting lower at USD 1,721 per ounce, while silver was flat at USD 18.62 per ounce."Gold prices extended fall pressured by stronger dollar and hawkish Fed," said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities.

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“The Jackson Hole event over the weekend, clearly was the party pooper from the bond market standpoint, given the fact that US yields are trending above 3.1%, the US two-year yield is almost at 3.4%. So the inversion has resurfaced. The Fed fund futures now are pricing in a 70% plus probability of a 75 basis rate hike next month.”

Apart from the concept of blue bonds, the watchdog, in its consultation paper, has suggested strengthening the framework for green bonds by amplifying the definition of green debt securities and enhancing disclosures.

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Prasol Chemicals, which filed its preliminary IPO papers with the regulator in April, obtained its "observation" letter on August 23, an update with the Securities and Exchange Board of India (Sebi) showed on Monday.

Nifty has started the new series with relatively higher open interest than the last month. Moreover, roll spread has remained on the higher side throughout the settlement week and despite profit booking seen, it hasn’t declined much. The premium in Nifty is still near 90 points which does not bode well for sharp upsides. Hence, a round of consolidation can be expected before a fresh directional move.

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For the quarter ended June 30, 2022, the company has reported a consolidated total income of Rs 6276.54 crore, up 7.14 per cent as compared to last quarter total income of Rs 5858.25 crore and up 8.53 per cent from last year same quarter total income of Rs 5783.29 crore.

The company that owned the Walkman brand (synonymous with portable music devices) was nowhere to be found by the time Apple’s iTunes became the industry standard. Sony’s market valuation by 2012 was down 87 per cent from its 2003 highs (when iTunes was introduced) and down 97 per cent from the 2000 highs.

“Rerating as well as derating goes along with the growth cycle. When the growth is good, we get that double benefit of growth being good as well as PE or price to book getting rerated upwards. Similarly, where growth is cooling off or is negative, we see the stocks go through derating.”

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IRCTC told stock exchanges that due to the withdrawal of Personal Data Protection Bill 2018 by the government of India, the e-tender for the appointment of consultant for data monetisation of Indian Railway floated by IRCTC on July 29 has been withdrawn.

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