Market Beats

It is important to note that Nifty is yet to move past the crucial 15,900-15,950 zone. Not only did the market not penetrate this zone, but it also retraced after testing the upper edge of the consolidation range.

In a 2013 letter to Berkshire Hathaway shareholders, Warren Buffett shared an investment plan for his wife which was in contradiction to not only the ‘100-age’ rule but also contrary to what is advised to most retirees.

According to a latest job listing, Amazon's Payments Acceptance & Experience team is "seeking an experienced product leader to develop Amazon's Digital Currency and Blockchain strategy and product roadmap".

CoinBurp said last week it had raised $6 million to build a platform for buying and selling non-fungible tokens (NFTs), digital assets that are attracting interest from some investors but also scrutiny from regulators worried about the risks.

Mazhar Mohammad of Chartviewindia.in said crossing the 15,900 level can give much-needed confidence to the bulls who can get the courage to march towards 16,300 levels.

"ITC and Bharti Airtel could be a few of the top candidates which looked far more stronger in the second half of the week. I think they are the ones which the market will probably be eyeing."

The largest cryptocurrency rose above its 50-day moving average on Saturday for the first time since May 12. It rose again Sunday, its fifth consecutive day of gains, to as high as $34,609.

Fund of funds is basically a different type of mutual fund that invests in other mutual funds instead of directly investing in stocks, securities, commodities and bonds.

The basis of allotment for shares of Tatva Chintan is likely to be finalised by Monday, July 26. The shares of the company are expected to list on Thursday, July 29.

In another tweet, Zerodha CEO Nithin Kamath was frank enough to admit that the stock broking industry's performance is directly related to the performance of Nifty.

RIL-BP are developing three deep-water gas developments in block KG-D6 - R Cluster, Satellite Cluster and MJ - which together are expected to produce around 30 million standard cubic meters per day of natural gas by 2023, meeting up to 15 per cent of India's gas demand.

As Zomato controls a considerable market share in India’s food delivery market, it will be safe to value the company’s growth in line with the whole industry’s growth.

Significant increase in the gold imports has led to widening of the country's trade deficit, difference between imports and exports, to about $31 billion during April-June this fiscal.

IFC, the private sector investment arm of World Bank Group, will support HDFC's move to grow its green affordable housing portfolio by improving access to such housing for those in the low income group.

The company, which produces tyres for all kinds of two- wheelers, passenger and commercial vehicles, plans to invest about Rs 1,000 crore capital expenditure for various expansion projects this fiscal year.

Rising concerns over global economic recovery and widespread buzz of delta variants spooked the market. On the domestic front, the earnings season has also not been very encouraging so far, further adding to the pressure.

​​​The divestment is in line with JSPL's strategic objective to continuously reduce its debt and carbon emissions and focus on steel business.

But as the policy-setting Federal Open Market Committee (FOMC) begins its two-day policy meeting Tuesday, markets and traders will be watching for hints of when it will begin tapering its massive monthly debt purchases.

During this period, they invested Rs 3,190.76 crore in the debt segment.

Income declined to Rs 108.94 crore in the first quarter of the 2021-22 fiscal from Rs 122.70 crore in the same quarter previous year.

Nifty is attempting to revisit the upper band of the recent trading range (i.e. 15,600-15,900). A decisive breakthrough with a sustained move above 15,900 is necessary to resume its journey to uncharted territory.

Market momentum in the coming week is likely to be decided by quarterly earnings. The market is expected to react on the numbers of behemoths like RIL, ICICI Bank and ITC. The update on the global Covid-19 situation and US Fed meeting outcome will be in focus.

"No one is selling the (Zomato) stock and that is essentially why the price is going up. Most of the stock is held by institutions," Zerodha CEO Nithin Kamath said.

From the top-10 list, Reliance Industries Limited, HDFC Bank, Hindustan Unilever Limited, HDFC, State Bank of India and Kotak Mahindra Bank witnessed erosion in their market capitalisation.

Among all the economic stories of the pandemic, the one about money piling up in people’s accounts has been the most significant in the stock market. Money market accounts, viewed in some circles as a “dry powder” reserve for equity deployment, sit at just under $4.5 trillion.

Company's revenue from operations was up 28.79 per cent to Rs 170.18 crore during the quarter under review as against Rs 132.14 crore in the corresponding period of the previous fiscal.

The online brokerage has about 18 million funded investment accounts on its platform, most of which are held by retail traders.

"History tells us that valuations keep altering. They go through cycles of rerating and derating," says market expert Mahantesh Sabarad on Zomato stock

"We make a lot of jokes (on ITC) and a lot of memes are going around on Twitter but I personally like the stock.​"

The profit figure came in lower than Rs 3,219 crore estimated by analysts in an ET NOW poll.

The bank's board approved a proposal for raising funds through debt securities or equity instruments or convertible debt securities in any permitted mode such as Qualified Institutional Placement or American Depository Receipts or Global Depository Receipts, it said in a BSE filing.

The consolidated net revenue of the company for April-June 2021-22 grew by 69.5 per cent to Rs 156.31 crore compared to Rs 92.20 crore in the same quarter of FY21, Shakti Pumps said in a statement.

The services are currently being offered to a limited number of clients and the bank is considering rolling them out for a broader customer base, the report said.

Net interest margin (NIM) rose to 3.89 per cent while asset quality, as suggested by gross non-performing assets (NPAs), deteriorated marginally.

Nomura India noted that execution weakened for the engineering, procurement and construction (EPC) companies like L&T during the June quarter, but would appear strong optically on a weak year-ago base that was impacted by a nationwide lockdown.

Net interest income (NII) for the quarter rose 18 per cent year-on-year to Rs 10,936 crore from Rs 9,280 crore YoY.​​

HDFC Institutional Equities is expecting the private lender to report a 26.2 per cent year-on-year rise in adjusted profit after tax (PAT) at Rs 1,570 crore compared with Rs 1,244.40 crore profit in the year-ago quarter. Sequentially, it expects a 6.6 per cent de-growth in profit.

During the quarter under review, the company said its total income rose to Rs 541.91 crore from Rs 422.29 crore a year ago.

"What I buy is very important, at what price I buy is the most important. Let Zomato be worth Rs 99,000 crore and Tesla be $600 billion or $6 trillion. I am not going to buy these stocks," Jhunjhunwala said.

‘Jio numbers are little above the expectations and on the whole, it is a satisfactory number and on expected lines’

Plenty of investors say they’re looking for refuge. Pictet Wealth Management is picking large companies over small. Janus Henderson Investors has been reducing allocations to the UK and Europe in favor of Japan.

A three-judge Supreme Court bench headed by Justice L N Rao had on Friday dismissed the pleas of three telecom companies seeking a correction of alleged arithmetical errors in the AGR dues computation.

Levy believed investing is as much a psychological act as an economic one, and even stubborn investors who think they are basing their decisions on fundamentals, discover over time that there are fashions in fundamentals.

Cryptocurrency — digital money not backed by any nation — is famous for its wild and frequent gyrations. But FTX, the cryptocurrency trading platform that Bankman-Fried runs, specializes in a kind of trade that was accelerating the global crash.

The main methods used in financial analysis are trend analysis, vertical analysis and ratio analysis. In order to determine the value of a company, it’s critical to gain a solid understanding of the key drivers of its business.

US shares of TAL Education Group and New Oriental Education & Technology Group Inc , which provide tutoring and test preparation services in China, each dropped more than 50% after news that the government is barring tutoring for profit in core school subjects to ease financial pressures on families that have contributed to low birth rates.

The mobile and broadband operator, which has roped in Goldman Sachs as principal of the programme, said the buy-backs will start on July 26 and end by Nov. 17.