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The Fed has already raised rate by 300 basis points since March to 3.00%-3.25% and markets expect that its more than likely that rates will hit 3.75%-4.00% next month. Chicago Fed President Charles Evans has said he sees the policy rate needing to rise to "a bit above" 4.5% by early next year and stay there.

Siemens Ltd., incorporated in the year 1957, is a Large Cap company (having a market cap of Rs 98832.27 Crore) operating in Engineering sector.

As of 30-Jun-2022, promoters held 39.99 per cent stake in the company, while FIIs held 35.64 per cent and domestic institutional investors had 6.73 per cent.

Bidders who could not get allotment in the IPO may see the initialization of refunds on October 13. Others, who would be allotted shares may see the credit of shares in the demat account by October 14. The listing of the IPO is likely on October 17.

​Nonetheless, on the back of the positive outlook, the brokerage expects upgrades in some of the sectors including auto, consumers, BFSI and industrials. Accordingly, Axis Securities has come up with top 9 buy ideas to play the Q2FY23 earnings theme.

Pentavalent vaccine protects children against five deadly diseases: Diphtheria, Tetanus, Pertussis, Hepatitis B and invasive infections caused by Haemophilus Influenza Type b - becoming the foundation of paediatric immunization programs globally. Shares of the company have dropped more than 20 per cent on a year-to-date basis, whereas it has tanked about 45 per cent in the last one year.

Macquarie maintained an outperform rating on TCS with a target price of Rs 4,150. The brokerage believes that management of TCS called out further headroom to improve utilization. Utilization helps deliver margin surprise. Net hiring in the company is low, but we see that related to attrition.

The stock quoted a 52-week high of Rs 1081.0 and a 52-week low of Rs 697.05.

"I think our quarterly annualised attrition has peaked now because I am seeing downward trends going forward, which is a good sign"

Stabilization manager BofA Securities Europe SA gave notice to Volkswagen to partially exercise the greenshoe option in the amount of 11,059,061 non-voting preferred shares of Porsche, VW said. ($1 = 1.0321 euros) (Writing by Rachel More, Editing by Miranda Murray)