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Out of the lot, 5 are Nifty companies, i.e, Ultratech Cement, Maruti Suzuki, Cipla, Divi’s Laboratories and Hero Motocorp. Other names include companies like Vedanta, Oberoi Realty, Sundaram Finance etc.

The mid-week brought a downturn, with Bitcoin falling back to the $64,000 level. This decline was partly driven by disappointing earnings reports from major tech companies like Alphabet and Tesla. As tech stocks tumbled, the ripple effect was felt in the cryptocurrency space. Another factor contributing to the mid-week slump was the continued selling pressure from Mt. Gox creditors

​According to its analysis, the budget is expected to positively impact companies such as ITC, UltraTech Cement, L&T, Tata Motors, TCS, Bharat Forge, HAL, and Radico Khaitan

The digitization of agricultural lands under DPI will allow the government to maintain comprehensive and accurate records of farming land across the country.

Finolex Industries, IEC Education, IFB Industries, J&K Bank, Jaiprakash Power, SBFC Finance, Vishal Fabrics, Spandana Sphoorty, Smruthi Organics, NTPC, Genus Power, Gujarat Cotex among others will also declare their June quarter results.

Antony Waste Handling Cell was the top gainer in the smallcap pack with 49.4% return, followed by MTNL (40%), Bhagiradha Chemicals and Industries (35.4%), and PC Jewellers (27.5%).

Global equities rebounded on Friday as U.S. economic data indicated improving inflation, which lowered Treasury yields. The PCE price index rose 0.1% in June, aligning with expectations and raising confidence in potential Fed rate cuts. Wall Street saw notable gains, with the Dow rising 1.64%, while oil prices dropped due to Chinese demand concerns.

With the so-called Magnificent Seven accounting for a historic share of this year’s equity rally, the blind love affair with capitalization-weighted indexes appears to be on shaky ground. Retail and institutional investors are looking to diversify into new market winners by sinking cash into everything from consumer stocks to health care – regardless of the sorry track record for anyone trying to beat the tech-driven market.

We believe that the momentum in liquidity indicates that the bullish stance could continue. As long as the Nifty holds above the 24,500 zone, the ongoing momentum could accelerate beyond the 25,250 to 25,500 levels.

Raamdeo Agrawal says everything is going well. The India story is compounded story. Past has been compounded. There is no reason why the future will not be compounded and in that future compounded story, we have a lot of businesses that are compounded and within them, good management will have compounding stories.