News Overview

Brent crude futures slid 55 cents, or 0.7%, to $84.48 a barrel, after falling 37 cents on Friday.

The spot gold price was down 0.2% at $2,407.29 per ounce. Gold futures lost 0.4% to $2,411.20.

The sharp fall in US inflation sobered US bond yields and the dollar index, setting the tone for the week

With Nifty futures indicating a positive opening, the Indian stock markets are set for an optimistic start on July 15.

The sharply lower consumer inflation has come as a morale booster for the rate cut hopes

There was a clear preference in the market for the large cap stocks over the mid cap and small cap stocks

The coming week will be less about data flows and more about corporate results and global oil prices

In the previous quarter ending March 31, 2024, TCS had $900 million worth of AI and Gen AI projects in its pipeline.

TCS focuses on campus recruitment and quarterly planning to address skill gaps, adjusting hiring based on identified needs.

As of the June 2024 quarter, foreign ownership in HDFC Bank stood at 54.83%, slightly below MSCI's 55.5% threshold for a weightage increase.