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In conversation with Sheetal Agarwal of IIFL, Abhay Agarwal, smallcase manager & Founder, Piper Serica, talks about his investment strategy and outlook on markets.

The Revamped Distribution Sector Scheme would cost more than Rs 3 lakh crore to implement over a five-year period from FY 2021—2022 to FY 2025—2026.

A good barometer of how future data will pan out is the revisions in core sector numbers.

All sectors positive but metals, banks and consumer stocks shine

Gold is seen taking a breather near one-month highs in early Asia on Monday, following a spike above $1780 on Friday tracking weakness in the US dollar. The dollar index eased below 105 mark, tracking lower treasury yields following Fed rate decision. The Federal Reserve announced its decision to raise interest rates by 75 basis points last week. The Fed said it decided to raise […]

Copper prices receded recent gains at the start of the week as crucial data from China weighs on the red metal. Chinese factory output unexpectedly shrank in July as fresh curbs in the wake of rising COVID-19 cases dented economic activity. The official purchasing managers index (PMI) came in at 49 for July, below expectations of 50.4, and Junes reading of 50.2. Continued contraction in […]

The number of total active drilling rigs in the United States rose by 9 last week, according to new data from Baker Hughes published on Friday. The total rig count rose to 767 last week?279 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 6 last week to 605. Gas rigs rose by 2, to 157. […]

Growth in Chicago-area business activity slowed by much more than expected in the month of July, according to a report released by MNI Indicators. MNI Indicators said its Chicago business barometer slid to 52.1 in July from 56.0 in June. The drop by the headline index came as the production and the new orders indexes both dropped to two-year lows. The production index tumbled to […]

The wireline and wireless networking products maker announced that it secured a contract worth Rs 298 crore from Power Grid Corporation of India Limited (PGCIL).

The University of Michigan released revised data showing consumer sentiment in the U.S. rebounded by slightly more than initially estimated in the month of July. The report showed the consumer sentiment index for July was upwardly revised to 51.5 from the preliminary reading of 51.1. The modest rebound by the headline index came as the current economic conditions index climbed to 58.1 in July from […]