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Higher interest rates would make riskier assets like cryptocurrencies and stocks less attractive as investments. However, the top crypto token - Bitcoin - continued to trade above the $20,000 mark.

“Nazara, Paytm, Nykaa, Zomato and maybe any new listings which may come. Eventually, among these companies and maybe some of the new listings where one will be more circumspect in getting into, one will find the growth story of the decade and will want to own them in the 2020-2030 portfolio. If you are holding it for 10-15 years, then you can make some spectacular gains. ”

Larsen & Toubro Infotech Ltd., incorporated in the year 1996, is a Large Cap company (having a market cap of Rs 67912.42 Crore) operating in IT Software sector.

India’s NSE Nifty 50 Index has slipped nearly 14% from its all-time high touched in October as inflation, tightening monetary policy and persistent selling by foreigners weighed on sentiment. The insurer is using the rout to buy growth stocks at reasonable valuations and large private sector banks without bad loan woes, according to the chief investment officer.

Nifty50 could face some resistance around 16,250 on the upside while on the downside crucial support is placed at 15,800 levels, suggested experts. Nifty has corrected gradually in the last few sessions from its swing high of 16,250 and has now reached its important support zone, they said.

McKinsey’s mandate includes a comprehensive plan to address pricing, margins, structure, rightsizing, international business expansion, etc, in what would be a year-long association. McKinsey is benchmarking some of the top companies around the world including Tata Motors’ homegrown rivals that are performing on better profitability metrics, the sources said.

Stocks that were in focus include names like ACC which closed with a loss of less than 1 per cent ahead of June quarter results, TCS which hit a fresh 52-week low, and Godrej Consumer Products which registered a breakout on daily charts.

Traders had ramped up bets that the Fed would go for a super-sized tightening at their July 26-27 meeting after data on Wednesday showed consumer price inflation racing at the fastest pace in four decades.

Today is the record date for Radhe Developers to ascertain the eligibility of shareholders entitled to bonus shares of the company in the proportion of 1:1. Today is also the record date for Shankar Lal Rampal Dye-Chem to ascertain the eligibility of shareholders entitled to issue of bonus shares of the company in the proportion of 2:1.

Adani will have a majority 70% stake and Gadot will hold the remaining 30%, according to an industry official. Neither company was reachable for immediate comment. Adani Ports, which has said it is the largest transport utility in India, is targeting expansion and seeks to become the premier global port group, the company’s chief executive Karan Adani, told an earnings call in May.