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Musk last month said he’s terminating his $44 billion agreement to acquire Twitter and take it private, saying the company has made “misleading representations” over the number of spam bots on the service. Twitter has since sued to force Musk to consummate the deal, and a trial in the Delaware Chancery Court has been set for October.

Abbott India, United Breweries, Zydus Lifesciences, Cummins India, The Ramco Cements, Cholamandalam Financial Holdings, Sobha, Ingersoll-Rand (India), S H Kelkar & Company, Pricol, Ramco Industries and Ramco Systems will have their annual general meetings (AGM) today.

Stocks that were in focus on Monday include Adani Ports which fell more than a per cent post June quarter results, Lemon Tree rose more than 5 per cent, and Aegis Logistics closed with gains of nearly 9 per cent.

"Definitely there should be a lot of scrutiny of new-age companies, just as for any other company. However, shouldn’t these analysts have scrutinized stringently when the IPOs were going on? Why didn’t they warn the investors before that? Better late than never. But we don’t agree that one can make a blanket statement that they are Ponzi schemes. One needs to develop a more sophisticated toolkit to analyze which of these new age companies are creating value, and which are capital destroyers."

“Even in this last quarter, while TCS grew only 4-5%, Tata Elxsi grew more than 20%. So technically they are in a better space than the broad based IT companies. We own it as a momentum play. I am biased but I would be more wary if a new player was looking to come into this stock. If you are not a momentum player this stock is not for you.”

“My preferred investment style is to look for an optionality which either has to be in the business something that can provide a positive surprise on the earnings front over obviously a medium to long term or an optionality that can play out in the price where the business is clearly undervalued. ”

Container Corporation of India Ltd., incorporated in the year 1988, is a Large Cap company (having a market cap of Rs 42431.26 Crore) operating in Logistics sector.

Adding to concerns of a tight labor market and runaway inflation, data on Tuesday showed an acceleration of unit labor costs in the second quarter, which suggested strong wage pressures will help keep inflation elevated.

oil prices settled slightly lower after a choppy trading session that saw investors weigh recessionary concerns with news that some oil exports had been suspended on the Russia-to-Europe Druzhba pipeline that transits Ukraine.

The dollar index held firm against its rivals, making gold less appealing for other currency holders. Benchmark U.S. 10-year Treasury yields edged higher to 2.7883%, increasing the opportunity cost of holding non-interest bearing gold.