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The bank said its non-interest income for the quarter came in at Rs 781 crore. Adjusted for unrealised and realised gain on investments, the non-interest income climbed 35 per cent on a year-on-year basis.

"Looking at the momentum certainly portrays the urge of the bulls of D-Street while favorable conditions. However, significant traction is seen outside the indices; hence it is advisable to keep Identifying apt themes and potential movers within the same, which are likely to provide better trading opportunities. Meanwhile, staying abreast with the global market is advisable," he added.

The company, which reported a total contract value of USD 394 million during the reporter quarter, is observing cautiously the developments but is confident of business momentum going ahead.

“I’m still sleeping with one eye open because just one or two big selloffs could easily negate all of this and lead us back into violent bear-market selling,” said Adam Sarhan, founder and chief executive officer at 50 Park Investments, who nevertheless describes himself as increasingly bullish.

Time to bet on Indian consumption-centric stocks: Shashank Khade. Shashank Khade, Co-founder & Director of Entrust Family Office, says it is time to bet on India centric growth stories as growth looks tenable for an elongated period of time. “ We are betting on Indian-consumption centric stories in infrastructure, capex beneficiaries, recovery plays post Covid, selective consumer discretionary plays and most commonly companies levered to higher future economic growth,” says he.

​Under the MSME Resolution Framework, the bank has standard restructured fund-based outstanding of Rs 697 crore, which was 0.25 per cent of advances, as at June 30. As at June 30, gross non-performing assets stood at 2.24 per cent and net NPA at 0.62 per cent.

Shaktikanta Das said the Reserve Bank of India has no specific level on the rupee in mind and since there is a genuine shortage of dollars in the market, the central bank has been supplying dollars.

Attrition rates in the industry hit high levels as demand for skilled professionals was soaring. Companies doled out high appraisals and bonuses to retain talent thereby impacting their profit margins. Despite this employees switched and got better job offers.

As crude price and inflation have softened from the top, an investor with a long-term horizon can take benefit of the situation by buying companies that are fundamentally strong, have strong future growth visibility, and is undervalued.

Shares of Brightcom Group soared 26 per cent for the week to Rs 55.70. The exchanges sought clarification from the company regarding volumes and the price movement, to which the company replied there is no impending announcement by the company which in its opinion needs to be disclosed.