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An expert committee headed by former environment and forest secretary C K Mishra has submitted a report on sustainable finance suggesting development of carbon market among other things, said the International Financial Services Centres Authority (IFSCA) on Wednesday.

The Dow Jones Industrial Average fell 238.0 points, or 0.78%, at the open to 30,078.36. The S&P 500 fell 37.7 points, or 0.99%, at the open to 3,753.25​, while the Nasdaq Composite dropped 153.7 points, or 1.38%, to 11,022.672 at the opening bell.

The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a final policy decision, delegates said, asking not to be named because the information is private.

Prabhudas Lilladher has a buy rating on the stock with a target of Rs 847, a potential upside of nearly 17.84% from the current market price of Rs 718.75. The brokerage expects revenue to grow by 48%, driven by improved throughput and a favourable base.

Having a will, though not necessary, is very helpful. Especially in cases of immovable assets like property or land, in case of a will, a probate is needed, and if a person passes away without it, a succession certificate would be required.

Those issues will keep China from outperforming over the next 12 months even as it is likely to participate in an EM rebound due to its oversold state and low valuations, Morgan Stanley said.

“Some of our high conviction buy ideas as of now are: M&M, Eicher Motors, Titan, ITC, Oberoi Realty, HAL, Bajaj Holdings, ICICI Bank, Axis Bank, Bank of Baroda, Kirloskar Oil Engines," says Gaurav Dua - SVP, Head - Capital Market Strategy – Sharekhan

The rally in the global markets was triggered by an unexpected slowdown in the US Manufacturing PMI, which gave hope that the US Fed would slow the pace of policy tightening. Following suit, US bond yields fell in tandem with the US dollar.

He said there is intense competition going forward because when global central banks are fighting inflation, commodities do not do well. "Commodities in general and metals are underweight, and steel and metal stocks are sell-on-rise."

Headline indices in India declined about 4% in September, but this was far lesser than the steeper cuts seen by its developed and emerging market peers. Thanks to the continued inflows from domestic institutional and retail investors, Indian equities managed to be an outlier. DIIs net bought Indian equities worth more than Rs 15 crores in September.