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Whether the additional resources that the government enjoys are directed more towards immediate consumption boosting that will give an immediate boost to growth or if they will continue with support to their investment-driven programmes, needs to be seen. The government can choose to go for a mix of both, says Siddhartha Sanyal

LTIMindtree Ltd. key Products/Revenue Segments include Software Development Charges & Other Services for the year ending 31-Mar-2023.<

Indian market expected to consolidate following mixed global cues. Nifty future closed slightly up, with key support and resistance levels identified. Experts offer stock recommendations for short-term traders. Stay informed on market developments.

Among block trades, Vodafone Group Plc subsidiaries raised about $1.8 billion by selling shares in India’s Indus Towers Ltd. in June, while British American Tobacco Plc. sold part of its stake in India’s ITC Ltd. for about $2 billion.

Indian equity indices dropped Thursday due to banking and financial stock declines. Sensex fell 176 points; Nifty50 by 37. Asian Paints, Tata Steel, HDFC Bank, UltraTech Cements, ICICI Bank saw declines, while Infosys, TCS, Bharti Airtel performed well. L&T Finance and LTIMindtree rose. Nifty Bank and Auto sectors also declined.

Goldman Sachs maintained a neutral rating on Asian Paints, reducing the target price to Rs 2,750. The company reported a significant EBITDA decline in Q1, amid ongoing headwinds and increased competitive pressure expected to persist. Meanwhile, the global brokerage upheld a buy rating on Eicher Motors with a target price of Rs 5,400

Ceat Ltd., incorporated in the year 1958, is a Mid Cap company (having a market cap of Rs 11098.09 Crore) operating in Tyres sector.

The Indian rupee is anticipated to experience a minor respite as the dollar index decreases to a near four-month low. Speculation surrounds the rally in the Japanese yen and potential intervention by the Bank of Japan. Market expectations of Fed rate cuts are on the rise, with foreign investors showing interest in Indian shares and bonds.

​At the same time of course we have had a better CPI print last week and there has been a confirmation rather for the market that the Fed remains very close to rate cuts, so markets again pricing in a rate cut in September from the Fed and that is obviously kind of fuelling a little bit of a rally in those smallcap stocks that are certainly laden with debt and a lot more yield sensitive than the big tech as well.

​As of July 16, there was a significant rise in futures open interest for seven stocks in the NSE F&O segment, collectively increasing open interest by more than 10% compared to the previous trading session.