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The Dow Jones Industrial Average dropped 335 points, or 1.1%. The S&P 500 and Nasdaq Composite slid 1.2% and 1.4%, respectively.

According to the data from the Bloomberg index, Adani has added $72.5 billion to his wealth as his fortunes topped the $150 billion mark on Friday. Among other gainers, French logistics leader Rodolphe Saade and family and Swiss-Fintech mogul Guillaume Pousaz have added $12.4 billion and $11.7 billion in the current calendar.

To set the filter, we considered only companies that have posted net profit in their June 2022 quarter results vs a loss in the same quarter last year. Stocks with market cap of below Rs 2500 crore have been excluded.

The second-largest crypto asset, which has shifted its mechanism to proof-of-stake (PoS) from proof-of-work (Pow), in a one-of-a-kind upgrade, had topped $2,000 due to the Merge euphoria but took a sudden beating.

On the lender, the brokerage maintained that a recent decline in yields is expected to lead to a reversal in treasury losses and could act as a near term catalyst. Thus, we maintain our BUY rating on the stock and revise our target price to Rs 650, valuing core bank at 1.3x FY24 ABV and assigning Rs 192 to the subsidiaries.

The Nifty50 closed 346 points lower at 17,530. On a weekly basis, the index corrected 1.7 per cent. It formed a bearish engulfing candle after two consecutive bullish candles, which suggests that the momentum could take a breather.

LIC dominates the life insurance industry in India led by a trusted brand, comprehensive product portfolio and large feet on street, the brokerage said.LIC was the largest initial public offering in the history of the Indian primary markets as the government of India raised about Rs 21,000 crore by offering 221,374,920 equity shares or 3.5 per cent stake of the company.

I must also say that if there is scepticism, I would be less concerned. When there is complete confidence that this market is going to go up, that is when I would be concerned. As we speak today, while markets have done well over the last two months, some amount of money has been made for a lot of people who are invested with the belief is that with each rally, book profits, take money off the table and hence there is scepticism.

At 9.17 am, the BSE Sensex was trading 433.83 points or 0.72 per cent lower at 59,500.18. Nifty50 was trading at 17,743.45, down 133.95 points or 0.75 per cent.

Bharat Dynamics (BDL) was the top gainer in the defence pack as it rallied as much as 12 per cent to hit a fresh 52-week high at Rs 976.20. The stock pared much of the gains later on but was still up around 6 per cent in the afternoon session.