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CCI on Tuesday rejected a complaint against the proposed merger of multiplex chains PVR and INOX Leisure, saying apprehension of likelihood of anti-competitive practices by an entity cannot be a subject of probe

“Childhood deaths were cut, agriculture productivity increased and women’s empowerment moves like digital bank accounts, particularly in India, were improving a lot before the pandemic. So we had a foundation of success. But the pandemic was a gigantic setback and now the war in Ukraine is having very negative effects worldwide.”

The higher-than-expected print has raised the prospect of more aggressive monetary policy tightening by the US Fed. Markets now expect the terminal Fed Funds rate to be 4.25 per cent. Markets are also attributing a 20 per cent chance of a 100 basis point hike in the policy next week, according to IFA Global Research Academy.

“I am not really looking at a case of the Nifty retesting 18,600 yet. I see more downside risk than upside. So apart from some short-term strength which we might continue to see because of the existing momentum, eventually we will align with what is happening in the world markets.”

“Based on percentage of completion you book the revenues and in FY24, realty and engineering put together should be doing anything between 20% and 25% of the total revenues. In terms of EBITDA, we should consider 35% of the EBITDA coming from these businesses but our mainstay is the lifestyle business and we see very good trends coming in.”

TMB can be a good investment, said Arijit Malakar, Head of Retail Research, Ashika Group, citing better growth with healthy asset quality, robust risk management, equipped with basic retail banking infrastructure and a sizable market to grow.

The brokerage believes the majority of the coal-based capacity addition over the next decade will be done by PSUs led by NTPC. Coal India, being the largest coal supplier, will continue to be the major beneficiary on the back of coal demand growth.

“In the case of large caps, the valuations are getting into a range where they will be considered expensive compared to where they have credit in the past. But midcap is where the rally has not happened in financials and I would be quite bullish on that space. The other part of the financials which is still inexpensive is the insurance part.”

Futures are now pricing in a 1-in-3 chance that the Fed will raise rates by 100 bps next week. Prior to the inflation data, the debate among market participants was whether the Fed will deliver a 50 bps or 75 bps hike.

Meanwhile, elevated supply of bonds in the second half of this financial year will bring focus back to incremental demand, resulting in a gradual rise of yields, the house said.