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"The market is looking for direction after a strong bounce that relieved the deep pessimism that had permeated the markets," Yung-Yu Ma, chief investment strategist at BMO Wealth Management.

Deputy Governor Dave Ramsden told a news conference that there would be a "high bar" to amending gilt sales due to market conditions, once the programme had begun.The BoE does not expect the gilt sales to play a significant role in tightening monetary conditions, relative to raising interest rates or the initial gilt purchases, but wants to ensure it has scope to undertake QE again if needed.

"The outlook for the industry remains uncertain with continued electronic chip shortage and supply chain disruptions hurting the vehicle productions of OEMs and, in turn, affecting our sales. Also, the trend of acute price increase of raw materials continues to remain so, eroding the bottom-line," said Vikram Mohan, Managing Director of Pricol.

Its Revenue from operations increased 26.72 per cent to Rs 107.74 crore during the quarter under review against Rs 85.02 crore in the year-ago period."The NDTV Group is declaring its best-ever first quarter (Q1) in the last 14 years...," said an earning statement from the company.

In their respective regulatory filings, the three Future group firms informed the exchanges that they have received a letter from Sebi on August 3, 2022, addressed to the Interim Resolution Professional of FRL intimating about the appointment of Choksi & Choksi LLP as a forensic auditor.

The company reported net profit of Rs 119 crore during corresponding period of the previous year.The company attributed the drop in net profit in the first quarter was due to depreciation on account of acquired brands, along with higher employee, finance and raw material costs weight on the profit.

The net profit was however higher when compared to the fourth quarter of the last fiscal.“In the face of intense competition, it is creditable that we have not only improved upon the performance in the preceding quarter but also managed our cost position in a competent manner," managing director VP Nandakumar said.

M&M logged tractor sales volumes of 1.19 lakh units in June quarter, up 62.6 per cent sequentially, ICICIdirect said, adding that automotive volumes were nearly flat QoQ at 1.53 lakh units. On a sequential basis, the brokerage sees net sales rising 14.9 per cent QoQ to Rs 19,677 crore with automotive average selling price (ASP) seen at at Rs 7.9 lakh per cent unit (up 2 per cent QoQ) and tractor ASPs seen at Rs 6 lakh per unit (up 1 per cent QoQ).

Home loans to individuals grew 15% year on year totalling Rs 2.09 lakh crores at the end of June.Impairment costs fell 63% to Rs 308 crore from Rs 830 crore a year ago boosting profits. Gross NPAs fell to 4.96% against 5.93 % as of June 30, 2021.NIM or the difference between the yield earned on loans and that paid for funds improved to 2.54% from 2.20% a year ago.

Market participants remain wary of high rates of inflation and are expecting further rate hikes by the US Federal Reserve, which will push up the cost of borrowing and dampen corporate investments.Despite the upbeat performance, analysts tracking the global markets remain cautious over stocks over the management commentary and brokerage review over the select stocks.