The RBI certainly seems to be on a pause mode. And in fact, global central banks also, especially the US Federal Reserve, also seems to be indicating that they would pause soon.

​The first part is that if you look at the differential between repo and the FFTR, upper bound, then that is today at 125 basis points. Now, that is the lowest number that we have seen in 23 years.

​So, while you may argue that in PE terms it is low, but if I have to look on a PEG basis which is I think a better reflection because that does factor in the earnings growth potential, within the top six, if I may, LTIMindtree probably look the most attractive within the space.

I think next quarter or so, they will still remain subdued in the packaging films. After that, I think the margins will improve.

Cboe Global Markets received regulatory approval from the US Commodity Futures Trading Commission to offer leveraged derivatives products on its digital trading platform, including physically and financially settled bitcoin and ether margined futures contracts. Cboe Digital allows trading and clearing of bitcoin and ether futures on a fully collateralized basis. The margined contracts are expected to launch in H2 2022 and will enable users to trade crypto futures while putting less collateralized capital upfront. Cboe Digital's clearinghouse will act as the central counterparty to reduce default risks.

The US Securities and Exchange Commission (SEC) has sued Binance, the world's largest cryptocurrency exchange, and its CEO Changpeng Zhao for allegedly evading US regulations and misleading investors. The SEC claims that Binance.US was secretly controlled by Binance and that the exchange artificially inflated trading volumes, among other charges. The news caused major cryptocurrencies to tumble, with bitcoin down 5.45% and Binance's cryptocurrency down 9.72%. This is the latest enforcement action against the cryptocurrency industry by the SEC, which has prompted some companies to increase compliance and expand overseas.

MSCI's Asia-Pacific shares index lost 0.1%, Tokyo's Nikkei was down 0.22%, China shares declined 0.15%, while Hong Kong's Hang Seng slipped 0.07%. Oil prices also fell, as Saudi Arabia pledged to further cut output, while US crude relinquished 0.25% to $71.97 per barrel and Brent was at $76.55, down 0.21%. The US dollar index saw minimal change.

Brent crude futures were down 23 cents, or 0.3%, at $76.48 a barrel at 0020 GMT. The U.S. West Texas Intermediate crude eased 25 cents, or 0.4%, to $71.90 a barrel.

A survey from the Institute for Supply Management showed the U.S. services sector barely grew in May as new orders slowed, pushing a measure of prices paid by businesses for inputs to a three-year low, which could aid the Fed's fight against inflation.

Apple Inc ended 0.8% lower after the world's most valuable company unveiled an augmented-reality headset called the Vision Pro, its riskiest and biggest bet since the introduction of the iPhone. Earlier Apple rose as much as 2.2% to an all-time high.

Foreign portfolio investors (FPIs) net sold shares worth about Rs 701 crore in Indian markets on Monday. DIIs were net buyers at Rs 1,196 crore.

The Board of SBI will meet on June 9 to consider and approve for raising funds during FY24 through private placement mode by way of issuance of debt instruments.

Shares of state-owned OMCs retreated for the second straight day. Bharat Petroleum Corp (BPCL) ended nearly 1% lower at the end of Monday's trading after falling as much as 1.4% earlier in the session. Shares of Indian Oil Corp (IOC) and Hindustan Petroleum Corp (HPCL) also settled lower after falling 1-2%.

The committee suggested that the Indian Banks' Association could update its Model Operating Procedure (MOP), in line with regulations, for hassle-free settlement of claims in accounts of the deceased account holders.

Recently, State Bank of India (SBI) chairman Dinesh Kumar Khara said that the lender had received ₹17,000 crore of ₹2,000 notes and only 20% of those had been exchanged while the remaining stayed in the system.

Founded in 2011 by Murdia, Indira IVF is India's largest fertility clinic chain, with 114 centres, supported by a workforce of over 2,400. It performed more than 40,000 in vitro fertilisation procedures in 2022. The clinic chain posted revenue of ₹1,250 crore in FY23 at an ebitda of ₹375-410 crore, said people aware of the matter.

NaBFID was established under the National Bank for Financing Infrastructure and Development Act, 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of bonds and derivatives markets necessary for infrastructure financing and to carry on the business of financing infrastructure and for matters connected therewith or incidental thereto.

According to the voting results published on the BSE, 53.51% of institutional investors' votes was against the resolution, while 46.49% votes were in favour. Kalyani will however retain the post of the company's managing director as the special resolution went in his favour thanks to the dominant promoter group votes.

The company informed the bourses that it allocated 63.8 million shares at ₹285 per share on Monday to anchor investors, including HDFC Mutual Fund, ICICI Prudential Mutual Fund, Goldman Sachs AMC, Malabar India Fund, Mirae Asset Global, among others. The company has fixed the price band for the public issue at ₹270 to ₹285 per share.

CaratLane had been in a strategic vendor relationship with Tanishq, Titan’s jewellery brand, since 2010. Between 2016 and 2019, Titan bought into the company in tranches, spending a cumulative Rs 440-450 crore, primarily via a secondary purchase of shares from Tiger Global, an early stage backer. Titan also made a primary infusion of Rs 99 crore in the company.

The decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the rupee as importers rushed to lock in purchases of the dollar-denominated commodity.

"Members are hereby informed that The Clearing Corporation of India Ltd. (CCIL), presently in the 'run-off regime', has made an application to the Bank of England for recognition as a TC-CCP on 31st January, 2023," the CCIL said on its website on June 2.

The platform, called Onyx by JP Morgan and created in 2020, uses blockchain for wholesale payments transactions. Currently, clearing and settlement arrangements are carried out through banks' overseas nostro accounts that are bound by weekends and currency holidays, JP Morgan said.

The public sector bank, which wants to monetise its non-core assets, held consultations with investment bankers recently to carry out the proposed stake sale, said the people aware of the developments.

​​Since many of these blue chips are well-researched and widely-owned, ET looked into Goldman’s picks in the mid-cap space that it considers will multiply in value over the next few years.

The prepaid loans include a margin-linked share-backed financing of $2.15 billion, which the company had paid off by March 12 before its March 31 deadline. The group had also prepaid $500 million of debt taken for the acquisition of Ambuja Cement along with $203 million interest in March.

Bitcoin fell as much as 6.5% to $25,491, the least since April, as of 12:50 p.m. in New York. Binance Coin, the native token of the ecosystem of the world’s biggest digital asset exchange, slumped as much as 13%.

Hemant Surgicals made a strong debut on the BSE SME platform with its shares being listed at a 90% premium over its issue price of Rs 90. The stock closed at Rs 179.55, a nearly 100% increase over the offer price. The company's Rs 24.8 crore public offer was oversubscribed by 139 times.

Pune-based IT services firm Vinsys IT plans to use the book-building process to float 3.89 million equity shares of Rs 10 each, and will appoint merchant bankers to the issue.

Indian equities remain attractive despite high relative valuations due to strong earnings growth prospects and increasing bids from domestic and foreign investors, according to Morgan Stanley India's Managing Director, Ridham Desai. While relative valuations remain high, India's profit book, low market correlation with oil and US growth and lower beta to emerging markets, set up India for strong equity markets, Desai said.

On Monday, Indian equity indices ended higher, dominated by bulls for the second straight session. Index heavyweights Reliance Industries, ICICI Bank, and M&M stocks performed well amid a positive trend in global markets.

Binance and its CEO Changpeng Zhao have been accused of violating US securities rules by the US Securities and Exchange Commission (SEC). The charges include operating unregistered exchanges, selling unregistered securities and misleading investors. Zhao denied the charges on Twitter, saying his team would review the allegations.

The 30-share BSE Sensex climbed 240 points to settle at 62,788. Nifty gained 60 points, but ended below 18,600 levels. From the Nifty pack, top gainers included HDFC Bank, Axis Bank, Reliance, HDFC and ICICI Bank.

Shares of the world's most valuable listed company were last up 1.5% at $183.70. They have jumped nearly 40% in 2023, compared with an 11.5% rise in the benchmark S&P 500.

Several NBFC-MFIs found the clauses attached for taking the funding support from Sidbi quite stringent. They believe the clauses may create roadblocks in raising fresh equity from new investors. One of the clauses says that NBFC-MFIs cannot take fresh equity capital at terms more favorable than those offered to Sidbi, unless such terms are approved by it.

Morgan Stanley has retained its stance on Indian equity markets given relatively strong domestic demand, but has cut its active position on China overweight as its initial recovery momentum waned in April and May. Morgan Stanley said the US dollar's strength is delaying the timeline for overall earnings recovery for MSCI China.

The net debt to EBITDA ratio is now at 2.81 times, the group said in a credit update.

Apple Inc shares rose 1.5% to touch an all-time high ahead of its annual software developer conference later in the day, where the iPhone maker is widely expected to announce a new mixed-reality headset.

Investments in equities or mutual funds should be made with a long-term horizon to avoid risks from timing the market, according to Bhuvanaa Shreeram, Co-Founder & Head of Financial Planning at House of Alpha. Investors should focus on balancing large-cap with small- and mid-cap funds, with 50% of the money going to the former and the remaining divided between the latter, she advised.

“The short-term trend of Nifty continues to be positive with rangebound action. The present consolidation movement is expected to continue within a high low range of 18700-18500 levels in the next 1-2 sessions,” Shetti said, adding that a decisive move above 18700-18800 is expected to bring more upside for the near term.

SEBI and stock exchanges have included micro-small cap firms in their enhanced surveillance framework, prompting a large number of market stocks to suffer steep losses. The companies with a market capitalisation of less than Rs5 billion will be put under surveillance in a two-stage process.

"Gold prices edged lower on the back of positive economic data points, higher US dollar and yields, offsetting support from the prospects that the Federal Reserve would pause its rate hikes this month," Navneet Damani, Senior VP - Commodity Research at Motilal Oswal Financial Services, said.

In the Nifty pack, 25 stocks closed in the green, while 24 stocks ended in the red.

Goldman Sachs is optimistic about India's medium-term growth prospects and recommends foreign investors build exposure in the emerging market due to its stable macroeconomics and strong historical track record. The bank favours domestic cyclicals, especially banks and investment cyclicals such as industrials and cement. It also expects themes like "make in India" and quality at a reasonable price to play out in the coming years. The bank has identified largecap compounders and midcap multibaggers as stocks investors should consider for increasing exposure in the medium term. India's aggregate equity market capitalization has surged 12-fold since 2003.