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“The festive season has started really strongly, we have seen the management commentaries talking about strong pent-up demand. Our preferred play for the festive season would be through the retail where we like the Trent and ABFRL; through QSR where we like Jubilant Food Work, Devyani International and finally the hotels, where we like Indian Hotels and Lemon Tree.”

The global cryptocurrency market cap was trading significantly lower at $909.80 billion, dropping as much as 7 per cent in the last 24 hours. However, the total trading volume zoomed about 45 per cent, close to $69.53 billion.

​​​Bank Nifty will continue to be the pillar of support for Nifty and near-term sentiments are negative for IT despite reasonable valuations, he said, adidng that the situation is very fluid and therefore it would be better for investors to wait and watch till the Fed meeting is over.

There is potential to capitalise on the credit card opportunity. It has a shot at being the first NBFC to launch a credit card," it said. It could make Rs 900-1,700 crore profit in the next 3 years with growth to support valuation premiums, said the note.

Bajaj Consumer Care Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 2339.25 Crore) operating in FMCG sector.

We had gone into last Friday with a downside objective of 17460. The easing of downside momentum after being in the 17500 vicinity encourages us to hunt for upsides, Anand James Chief Market Strategist at Geojit Financial Services, said.

The company has fixed September 20 as the record date for determining eligible shareholders entitled to receive the final dividend, according to an exchange filing. FIIs have been consistently raising their stake in the entity for the past five quarters, with their stake rising to 2.47 per cent as of June 2022 from a mere 0.67 per cent as of June 2021.

"Power stocks continued its uptrend this week too on the recent Govt. decision to extend the deadline by 2 years for the implementation of Flue Gas Desulphurisation (FGD) equipment norms in various categories of power plants. Steel stocks too appear to have been buoyed by the potential removal of recently imposed export duty."

State-owned Oil and Natural Gas Corporation (ONGC) management during discussions with government officials stated that levying windfall profit tax on domestic oil producers, while at the same time reaping rich savings from buying discounted oil from Russia was unfair.

The proposed transaction also envisages the setting up of an Infrastructure Investment Trust (InvIT). The InvIT is initially proposed to comprise renewable power assets seeded by Mahindra Susten with operational capacity of around 1.54 GW.