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"Overall, India has good demand, so the consumption-based sector will prove beneficial for economic growth. Increasing government fillip to the sector of defence will prove beneficial for defence start-ups in the long run too. In the long run, increasing government support for the defence industry will be advantageous for defence start-ups as well."

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InterGlobe Aviation Ltd., incorporated in the year 2004, is a Large Cap company (having a market cap of Rs 75906.74 Crore) operating in Airlines sector.

"The FII selling pressure has also eased out now. Consequently, investors should look at dips as an opportunity to nibble rather than keep waiting on the side lines. As an investor, one needs to keep the Big Picture in mind. Indian economy is on a multi-year upcycle on the back of positive signs across all the three growth engines namely real estate cycle, private capex cycle and infra spending."

Top crypto tokens were trading higher on Monday. BNB rose more than 5 per cent, whereas Solana, Shiba Inu and Polygon gained 3 per cent each. Dogecoin was the only altcoin in red.

Rupee opens lower on hawkish Fed outlook

Updated at : 2022-08-22 11:05:02

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Richmond Fed President Thomas Barkin said on Friday that the "urge" among central bankers was towards faster, front-loaded rate increases. Odds of 50-basis points or 75-basis points Fed rate hike at September meeting almost even. Focus this week on comments by Fed Chair Jerome Powell on Friday at the annual symposium in Jackson Hole, Wyoming.

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"Fed speakers have been stressing the message that more rate hikes are coming given the fight against inflation has not yet been won," rattling markets ahead of Jackson Hole on Aug. 25-27, amid growing expectations for Fed Chair Jerome Powell to stress that tightening is "still a long way from the end," Rodrigo Catril, senior FX strategist at National Australia Bank, wrote in a client note.

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​​​The U.S. central bank needs to keep raising borrowing costs to bring high inflation under control, a string of its officials said last week. Gold is highly sensitive to rising U.S. interest rates, as these increase the opportunity cost of holding non-yielding bullion. Focus this week will be on comments by Fed Chair Jerome Powell when he addresses an annual global central banking conference in Jackson Hole, Wyoming, on Friday.

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Even as good quality Indian tea prices have soared 40-50% over the past year, exporters are witnessing more enquiries from newer markets such as Turkey, Saudi Arabia and Iraq.

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Vi has showcased real-world enterprise use cases such as Industry 4.0, public safety in smart cities, smart healthcare, smart construction, emergency response using drones, improving sports coaching for high performance, and OTT in car and driver safety monitoring in connected vehicles during its 5G trials.

"Inflationary concerns and government borrowing will continue to be at the forefront and will weigh on market sentiments. We expect the 10-year benchmark to trade in the 7.35-7.55% range going forward," says the head of fixed income at ICICI Prudential Life Insurance Company.

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