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“When we look at our own indicators of economic recession, over the next 6 to 12 months, that list is starting to flash more and more warning signs. There is a good chance that we will end up facing more of a broad-based economic recession and not a technical recession which we might have experienced already, but a genuine one where we see the labour market starting to weaken.”

Among Sensex stocks, Kotak Mahindra Bank advanced 1.57 per cent to Rs 1,829.05. Reliance Industries added 1.09 per cent to Rs 2,514.50 ahead of its quarterly earnings. UltraTech Cement, ICICI Bank and Maruti Suzuki rose 1 per cent each. SBI, Nestle India, Bajaj Finserv, Hindustan Unilever and HDFC added up to 1 per cent.

“The kind of fear which was there in May, June is not there at this point of time and that certainly is positive. And maybe it is time to get specifically focussed on stocks which should do well over the next few quarters or so. Overall market risk seems to be gradually falling.”

The insolvency law classifies creditors such as those providing goods and services to a company as operational creditors.

"The details, conditionality and what would justify activation was vague and did little to inspire confidence in light of the Italian political situation," Tapas Strickland, a markets economist at National Australia Bank, wrote in a note. He added that the widening spread between Italian and German government bond yields reflected greater political risk and the euro had similarly retreated from its post-ECB meeting peak at $1.0279.

Investors are expecting the slowest-ever pace of growth for social media ad revenue this year, as rising inflation and other economic woes cause brands to slash their marketing budgets.

Today is the record date for the stock split by Hindustan Foods, Ontic Finserve, Rajnish Wellness and Shanti Educational Initiatives. Hindustan Foods and Rajnish Wellness had announced splitting of shares into face value of Rs 2 from the face value of Rs 10 while Ontic Finserve and Shanti Educational Initiatives had announced the splitting of shares into face value of Re 1 from the face value of Rs 10.

Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 25242.21 Crore) operating in Retail sector.

Demand in India for gasoline and distillate fuels rose to record highs in June, despite higher prices, with total refined product consumption running at 18% more than a year ago and Indian refineries operating near their busiest levels ever, RBC analysts said.

RIL, UltraTech, JSW Steel, Bandhan Bank, HDFC AMC, Crompton Greaves , Atul, Coforge, HFCL, Mahindra CIE and Vardhman Textile are among the companies that will announce their earnings for the quarter ended June 2022.