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“At the moment, the world is relying on one manufacturer, Bavarian Nordic, for the monkeypox vaccine,” said Manish Bhargava, a fund manager at Straits Investment Holdings Pte in Singapore. “To keep up with demand, we can expect other biotech firms to ramp up research and production. It’s starting to reflect in the strong stock price performance for the sector

In the bond market, a mix of dip-buying behavior and growth concerns has sparked a fierce rally in Treasuries after benchmark yields hit multiyear highs last month. Billions have been funneled into corporate debt, with the S&P 500’s earnings yield holding the slimmest advantage to the average yield on blue-chip bonds in over a decade

Celsius and its CEO Alex Mashinsky had billed the platform as a safe place for people to deposit their crypto currencies in exchange for high interest, while the firm lent out and invested those deposits.But as the value of highly volatile crypto currencies plummeted -- bitcoin alone has shed over 60 percent since November -- the firm faced mounting troubles until it froze withdrawals in mid-June.

Ajit Mishra, VP - Research, Religare Broking, said that participants should align their positions and look for buying opportunities on dips. All the sectors are contributing to the move. "We believe the focus should still be on the top performers rather than expecting a turnaround in the beaten-down names," he added. "We reiterate our preference for auto, FMCG, banking and financials and remain selective in others."

“We have increased our portfolios in the banking sector. We have added a few names where we can see not only earnings growth but also valuation rerating over the next two to three years. We have also added automobiles where we think that it is coming out of a low base."

​CEO Sanjiv Chadha said demand from sectors like cement, steel and roads have been strong together with demand for international loans from Indian companies abroad.

“There has been a classical churn which has happened into this last three-four weeks of the markets started off with autos, FMCGs, and now you are seeing sectors like metals and IT leading the charts from the front.”What matters for the markets, on the way up, whether the traditional sectors or the three key sectors the autos, FMCGs and banking, said market expert Kunal Bothra in an interview with ET Now. Edited excerpts:

However, its total income remained almost flat, with marginal gains, to Rs 20,119.52 crore in the Q1FY23 from Rs 19,915.83 crore in Q1FY22. Its total income stood at Rs 20,695.90 crore in the preceding quarter.

“I would vote more for 50 bps because given the level of inflation, given the kind of interest rate hikes by central banks around the world about 83 rate hikes above 50 bps have been done in the last four months.”

A high Price to book (P/B) ratio would often unnerve investors. But for the lending business, a high P/B might be beneficial. A high P/B multiple allows the le​nder to raise capital at a higher valuation. Essentially, they receive more capital in return for less equity.