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Edited excerpts: The June quarter (Q1 FY25) earnings are expected to be a mixed bag. Based on operational updates, it is evident that banks will likely witness a weak quarter due to soft loan and deposit growth attributed to seasonality. Net interest margins (NIMs) are also expected to contract.

price and indicator divergence or reversal, leading analysts to expect the Nifty’s gradual upward move to extend to 24,780, followed by 24,965 in the coming weeks. Analysts predict strong performance from stocks such as ITC, HUL, HCLTech, ONGC, Gail, Reliance, SBI, HDFC Life, Crompton Greaves, Vedanta, Indraprastha Gas, BPCL, Dalmia Bharat, Zee, Gujarat Industries Power, Entero Healthcare, and Naukri. PRITESH MEHTA, ANALYST, YES SECURITIES

Gold and copper are two of the oldest metals known to humans. They have now acquired a new sheen. In the case of gold, uncertainty in the global economy and instability in geopolitics have sent the price of the precious metal, an investment of safe resort, soaring. In the case of copper, the ongoing energy transition and move to Industry 4.0, which are highly mineral-intensive, has seen demand grow impressively with an upward pressure on prices. India is heavily import-dependent for both metals, importing more than 95% of demand for each. GoI can dent this trend. Indeed, security of mineral supply chains is already emerging as a priority. India's goal as a manufacturing hub can only be realised if there is a security of raw materials. So far, GoI has pursued a strategy of looking for resources overseas. It can look at home as well.

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procedures for exempted establishments and improving its own services has led 27 establishments to surrender their exemption under the Employees’ Provident Fund Organisation in the last two years, adding about 30,000 employees and Rs 1688.82 crore to the retirement fund body. As of 31st March 2023, there are 1002 exempted establishments managing the provident fund corpus of Rs 3,52,000 crore of 31,20,323 members. Establishments that wish to manage the provident fund (PF) corpus of their employees need to seek exemption under Section 17 of the EPF Act. This allows EPFO to permit them to manage their own PF Trust without making statutory contributions.

Tata Consultancy Services (TCS) could rally towards a new 52-week high of Rs 4,400. «On the weekly chart, the stock had found support at the rising trend before the recent rally. On the daily chart, the stock has given a consolidation breakout. Suggesting a rise in optimism around the stock. Over the short term, the stock might move towards Rs 4,400. On the lower end, support is placed at Rs 4,100,» Rupak De, Senior Technical Analyst, LKP Securities, said. Edited excerpts from a chat on Budget expectations and trading ideas for the week:

Security agencies in Jammu and Kashmir are grappling with what they call the "hidden threat" of "conservation and consolidation" tactics employed by infiltrating terrorists, which was evident in the recent ambushes and encounters in North Kashmir and Kathua district. Analysing the ambushes and encounters with terrorists, officials in the know of the matter said while security agencies are on high alert, the lack of ground-level intelligence — human intelligence (HUMINT) — hampers operations. Reliance on technical intelligence (TECHINT) has not been fruitful as terrorists use online activity to mislead authorities. Officials feel that there is an urgent need for heightened surveillance to counter foreign terrorists, especially in the Jammu region. The region, previously known for its peaceful atmosphere, has recently seen a surge in terror incidents, particularly in border districts such as Poonch, Rajouri, Doda and Reasi. Attacks on an IAF convoy, a pilgrim bus and the recent killing of soldiers in Kathua highlight the evolving threat.

Budget 2024, to be presented by Finance Minister Nirmala Sitharaman. Industry players are hopeful for tax reductions on exports to bolster demand for Indian-made gold and diamond jewellery.

₹538 per month per head on processed food items. This trend is not just about eating habits, but has also helped drive sales for fast-food giants, whose processed food sales are steadily rising. The flood of fast-food joints across cities has made the trend even starker.

INDIA bloc's 10-2 victory against the ruling BJP and its allies in the assembly by-elections, with the 13th seat going to an independent in Bihar, was marked by the strategic gain to the opposition alliance from the defeat of several of its erstwhile MLAs who had defected and fought on the BJP ticket. The by-election results declared on Saturday showed that the opposition parties had thwarted the BJP's hitherto successful strategy of weaning away opposition MLAs, making them resign from the assembly and helping them win bypolls on its 'lotus' symbol. The trend reversal could serve as a deterrent against defections, thus rendering the results more significant than the simplistic narrative of ruling parties in states mostly retaining the upper hand in bypolls. The outcome also means the opposition parties will go to the upcoming state elections with enhanced confidence. Commenting on the Congress victories, party president Mallikarjun Kharge said, «These victories show that the people have now completely rejected the arrogance, misgovernance and negative politics of the BJP. This is also strong evidence of the falling political credibility of Modi and Shah.»

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Info Edge (India) Ltd. fell 2.89 per cent to Rs 6747.55 at 02:10PM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 10,395 shares with a turnover of Rs 7.02 crore till 02:10PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 151.67, while the price-to-book value ratio stood at 2.39.

Here's how analysts the market pulse:

The cryptocurrency market, particularly Bitcoin, has recently experienced notable fluctuations. Currently trading at approximately $58,000, Bitcoin has shown resilience despite a broader market downturn.

Nifty on Tuesday ended 113 points higher to form a long bull candle on the daily chart and also hit a fresh record high intraday. The underlying trend of Nifty continues to be positive. Having moved above the key overhead resistance of 24,400 levels (1.618% Fibonacci extension), the Nifty could now advance towards another important resistance of 24,960 levels (1.786% Fibonacci extension) in the near term. Immediate support is at 24,250 levels, said Nagaraj Shetti of HDFC Securities.

Dogecoin, a crypto that started as a joke many years ago, has had a notable movement in its market recently. A recent YouTube video analysis suggests a potential bullish phase, sparking discussions on future price trends.

As the cryptocurrency market continues to exhibit its characteristic volatility, the popular meme coin Pepe ($PEPE) finds itself in a risky position, having experienced a sharp 51% decline from its May 27 peak.

Tata Elxsi Ltd. fell 0.04 per cent to Rs 7091.95 at 12:53PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 2,197 shares with a turnover of Rs 1.55 crore till 12:53PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 55.72, while the price-to-book value ratio stood at 19.34.

Bank credit rose 14% on-year as of June 28, outpacing deposit growth at 11%, putting the spotlight yet again on central bank's concerns over the gap that could lead to asset-liability mismatches. Latest Reserve Bank of India (RBI) data showed the growth in deposits and credit was lower than the year-ago period, reflecting a slowdown in economic activities due to the uncertainty on the economic outlook because of the Lok Sabha elections. Year-on-year credit and deposit growth rates in the same period of 2023-24 were higher — at 16.3% and 12.9%, respectively

Rolf Habben Jansen said in a call with reporters on Wednesday. Attacks on vessels by Yemen-based Houthi militants have led shipping firms to avoid the Red Sea that connects with the Suez Canal and instead use a longer route around southern Africa, a situation whose end was hard to predict, he said. «We have seen solid demand, particularly since May 1, that meets with limited availability, also because of the Red Sea situation, that's why spot rates are going up,» Habben Jansen said.