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“The capital goods sector has been outperforming most of the other sectors and also the markets. While YTD from January to this year markets are down about 15% odd, many of the capital goods companies are making new all-time highs or near 52-week highs. The next decade is about the revival of the investment cycle in India and in that context, capital goods as a sector looks very favourable.”

Hence, we recommend investors wait at the current level and enter on dips around 900 and more at further dips of Rs 850 with a stop loss of Rs 790 on a closing basis. On the upside, we can see Rs 1,150-1,250 odd levels in the next 6 to 8 months.

India annually exports around 45 million kg of teas to Russia. But due to the ongoing war between Russia and Ukraine and the sanctions from the US and Europe, tea exports have fallen by 10% to the country in January-April against the same period last year.

Vector Green portfolio includes 19 ground-mounted utility scale projects located across 8 states as well as 89 rooftop solar projects on 216 roofs across 7 states in India. An additional 90 MW of solar projects are under implementation in Gujarat. Vector Green had expanded its portfolio in 2019 by acquiring about 225 MW solar generation capacity from RattanIndia.

Apraava Energy managing director Rajiv Mishra said the company targets to double its business in the next 3-4 years and the deal enables the vision. He said the company will stick to the electricity segment including green energy generation, power distribution and transmission and smart meter businesses.

The consumer price index probably increased 8.8% from a year earlier, marking the largest jump since 1981, according to the median forecast in a Bloomberg survey. Compared to May, the widely followed gauge is seen climbing 1.1%, marking the third month in the last four that inflation has advanced at least 1%.

A senior government official told ET that the EPFO was so far taking a decision to offload equity in February and had less than a month to realise the capital gains basis which it declared the rate of interest on PF deposits for the concluding year.

"Reliance Retail is in advanced talks with Fortnum & Mason to set up premium luxury stores in India under the Fortnum & Mason brand," one of the executives said. He said the group is exploring multiple options for India, which could include physical stores as well as an online presence in India.

MindTree, Tata Metaliks, Premier Polyfilms, International Travel House and Gujarat Hotels are among the company that will announce their quarterly earning for the quarter ended June 2022.

The banks have a higher holding of government securities, especially the ones with longer tenors, in their investment portfolios due to which the rising bond yields pose headwinds from a profitability perspective.