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The slide in Treasuries has been excessive given recent economic data and Federal Reserve policy, suggesting it’s instead being driven by fears over the swelling US deficit, some of Wall Street’s biggest names say. 

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With just a 1.7% gain during the last three months, the benchmark BSE Sensex has just returned its worst September-ended quarter in four years. This was also true for the BSE500, BSE AllCap and the BSE LargeCap indices, even as the mid-cap and small-cap indices remained unscathed. The Sensex had surged 8.3% during the September quarter last year, and nearly 13% in 2021.

Earnings preview: Indian IT firms to report soft numbers in Q2FY24; revenue, profit likely to be muted Experts believe the second quarter earnings will be mostly stable with some hits and misses. Some sectors like IT may post softer numbers while some sectors such as BFSI (banking, financial services and insurance), auto and pharma may post healthy numbers.

₹21,000 crore to Play Games 24X7, reports said on October 3, citing persons who are privy to the development. The DGGI action, as claimed in the reports, comes in the backdrop of the 28 percent Goods and Services Tax (GST) rate coming into effect on the entire nominal value for real-money gaming transactions. The notice to Dream11 and Play Games 24X7 – two leading entities of the online gaming sector – was issued by the Mumbai wing of DGGI, CNBC TV-18 reported.

Congress leader Rahul Gandhi, for the second straight day, Tuesday visited the Golden Temple in Amritsar and offered 'Sewa' at the community kitchen, known as Langar. On Monday too, Rahul Gandhi offered 'Sewa' after paying obeisance at the Golden Temple, the most revered Sikh place of worship. As a part of the services, the Congress leader could be seen washing dishes and other utensils at the Golden Temple. Punjab Congress president Raja Waring had on Monday said that Rahul Gandhi was on his personal, spiritual visit. «Rahul Gandhi ji is coming to Amritsar Sahib to pay obeisance at Sachkhand Shri Harmandir Sahib. This is his personal, spiritual visit, let's respect his privacy.

By Tetsushi Kajimoto

By Caroline Valetkevitch

By Josh Ye

Investing.com — No market operates in a vacuum — including oil, no matter what the proponents of higher crude prices think.

Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August. September data showed a let-up in the recent surge in costs faced by Indian goods producers. After quickening to a one-year high in August, the rate of inflation receded to its lowest mark in over three years.

Squadron Energy, the private renewable generation group controlled by the billionaire Forrest family, has recorded its first sales but slumped to a $220 million loss after the $4.2 billion purchase of CWP Renewables.

Suzlon Energy climbed 4.2% to Rs 26.9 in Tuesday's trade on BSE backed by heavy volumes on the NSE. A total of 7,23,15,745 equity shares worth Rs 191.8 crore have changed hands so far. At 10.53 a.m., the stock was trading 3.1% higher at Rs 26.6. Suzlon Energy has also delivered multibagger returns to its investors, as the stock is up nearly 150% year-to-date.

Also Read: Asian Games 2023 LIVE Updates: Indian cricket team advances to semifinals with 23-run victory over Nepal Avesh Khan and Ravi Bishnoi, took three wickets each, along with contributions from Arshdeep Singh (2 wickets) and Sai Kishore (1 wicket), collectively contributed to India's strong bowling performance. In their match against Nepal, India's young opening pair of Yashasvi Jaiswal and Ruturaj Gaikwad wasted no time in launching an early attack on the Nepali bowlers. They impressively reached the 50-run mark in just 4 overs.

₹89,532 crore, amounting to over 22 million tonne. Preliminary figures indicate that from 25 August to 20 September, basmati rice exports dropped 30% year-on-year, and parboiled rice sales plummeted a steep 83%. Official data for the period is yet to be released.

Bihar caste census matter on October 6. The petitioner's lawyer mentions before the top court that the Bihar Government has published caste survey data. Additional Chief Secretary of Bihar, Vivek Kumar Singh on Monday informed that the report of the caste-based census conducted in Bihar has been released.

Cuscal, the payment infrastructure business used widely by smaller banks, has lifted its operating income by almost one-third over the past 12 months but says costs are also rising because of staff and technology expenses.

India's factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite increased inflationary pressures, a private survey showed. The Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 57.5 last month from 58.6 in August, missing the Reuters poll forecast for 58.1. That marked the 27th straight month of the index being above the 50-mark separating expansion from contraction. «India's manufacturing industry showed mild signs of a slowdown in September, primarily due to a softer increase in new orders which tempered production growth,» said Pollyanna De Lima, economics associate director at S&P Global Market Intelligence. «Nevertheless, both demand and output saw significant upticks, and firms also noted gains in new business from clients across Asia, Europe, North America and the Middle East.» New orders and output rose sharply despite the sub-indexes easing from August, driven by both domestic and foreign demand. International demand grew for the 18th month in a row. That bolstered optimism and pushed business confidence to a nine-month high. It also prompted firms to increase headcount.

midcap stocks have managed to outbeat Nifty for all the six months of FY23. Nifty Midcap 150 and Nifty Smallcap 250 indices have not only fared better than Nifty in each of the last 6 months but have also given positive returns all throughout. In March 2023, when Nifty started to recover, the mid and smallcap indices were still under selling pressure.

returns. An analysis of the performance of stocks with a market capitalization of over Rs 1,000 crore showed that there were five such stocks which gave double-digit returns in each of the last six months and even turned multibaggers in H1FY24. These five superstars of FY24 belong to the midcap and smallcap segments that outperformed the benchmark by a wide margin in the last six months.

Sunil Subramaniam, MD & CEO, Sundaram Mutual, says “the initial part of the credit cycle growth will be led by the NBFC pack. On top of this, we are now heading into the festival season. Then in the summer, there will be demand for consumer durables. It is the election season and you will have lots of liquidity flooding the economy. So the consumption drive is also on the back of NBFCs as a clear lead over banks in terms of lending at the consumer and the retail end of it.” You understand the NBFC space so closely. In fact, one of your group companies is a big NBFC, very successful. They have been talking of a very high quality, sustainable growth going forward and one of the few NBFCs which is trading at a 52-week high. Which phase of the cycle are the top NBFCs in? Most of them are guiding towards 20%, 25% growth, while some SME ones are talking about 30-35% growth. Is it early cycle, mid-cycle or late cycle? I would say early to mid-cycle because as corporate capex goes up, banks generally come in at a late stage to finance.