EatWhat You Want with Noom

[Image]( [Image]( [ ] Image MORNING NEWSLETTER [Subscribe to ET Prime]( 7 Jul, 2022 | 08:26 AM IST 2022 Image [SENSEX]( [53,751+616.62]( [NIFTY 50]( [15,990+178.95]( [Gold]( [50,528-774]( [USD/INR]( [79.30-0.07]( Good Morning! D-Street veteran Nilesh Shah says think of this bear market as an opportunity to make more money. "In a bear market, the most exciting thing is that you will be able to pick stocks at much below their fair value and the money which you can take from a bear market to a bull market will be the maximum," says he. [For Fastest News Updates, Incisive Stock Analysis by ET Experts and more. Download ETMarkets App!]( [92712682] TRADE SETUP: Cues for today's market[]( [Image] Nifty futures on the Singapore Exchange traded higher by 97 points at 8:20 hours (IST), signalling a positive start on Dalal Street. LOOK WHO'S [Image] - [Image] Asian stocks mostly opened higher after minutes from a Federal Reserve meeting showed that US central bankers are determined to fight inflation despite recession worries. MSCI's index of Asia-Pacific shares outside Japan was up by 0.20 per cent. [Image] The yield on 10-year Treasuries fell three basis points to 2.90%. [Image] Indian gold prices on Wednesday fell by Rs 760 to Rs 51,304 per 10 grams. International gold was at $1,737.19 an ounce. - Sectors that will lead Q1 show... Nifty 50 companies are expected to report year-on-year double-digit growth in aggregate revenue and net profit for the June quarter led by select companies from sectors including auto, banking and finance, IT, and oil and gas. However, operating profitability may shrink amid input cost inflation. Analysts expect macroeconomic challenges including cost inflation and weakening rupee to weigh on corporate performance in the coming quarters. [Read more]( Oil's fall brings inflation comfort... The Reserve Bank of India (RBI) may not need to revise upward its inflation forecast for FY23 as global prices of crude oil and other commodities, such as industrial metals, have begun softening. While food inflation remains a concern, the second-order effects from higher input prices are likely to be more benign than initially estimated. Lower commodity prices, particularly of crude oil, should reduce risks of imported inflation. [Read more]( AND WHO'S [Image] Fed rates may keep rising for longer... Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched, even if that slowed the US economy. Policy makers backed raising rates at their next meeting in July by either 50 or 75 basis points, according to minutes of the Federal Open Market Committee's June 14-15 policy meeting released Wednesday in Washington. [Read more]( Triple trouble for crypto... It’s a triad of negative factors, and not only the new rules relating to crypto currencies that kicked in on July 1, that’s giving jitters to crypto investors and driving some out of the market. Veterans of the trading space, however, feel that the current phase, popularly being referred to as the ‘crypto winter’, is a passing one in the evolutionary process of cryptocurrencies and the prices of these new age assets would soon stabilise. [Read more]( NOT ENOUGH CUES? Turn on ETMarkets Podcast [icon]( KEY INDICES [Nifty Midcap 100]( 27,204+ 506.25 [S&P BSE Small-Cap]( 25,240+ 235.78 [Nifty Bank]( 34,324+ 508.35 [Nifty IT]( 28,008+ 312.45 [Price Movers]( Movers]( 52 Week High]( 52 Week Low]( For in-depth stock analysis, live market updates & more, download [ET Markets App]( Stocks to Watch []( [Equitas Small Finance Bank]( (Equitas SFB) on Wednesday said its gross advances grew by 22 per cent from a year ago to Rs 21,699 crore as of June 30. Tata group firm [Titan]( on Wednesday said its sales in the April-June quarter were up nearly three-fold on a year-on-year basis, helped by a low base of the Covid-19 impacted quarter in the last year. [Indian Overseas Bank]( (IOB) is seeking buyers for its distressed loan portfolio that includes advances to Aban Holdings, Rotomac Global, Essar Group companies and subsidiaries of GVK and Lanco groups. [Tata Chemicals]( is focused on sustainability and committed to reduce its carbon emission by 30 per cent by 2030, Tata Chemicals chairman N Chandrasekaran said on Wednesday. [Image] UNQUOTE: [In Tough Spot]( RBI steps to boost rupee may create more alarm in the market Mythili Bhusnurmath [Image] Get In-depth analysis of stocks worth Rs 1499 complimentary with your ETPrime membership! [Know More]( The DAY PLANNER [Image] GB Halifax House Price Index MoM JUN (11.30 AM) [Image] GB BoE Mann Speech (2 PM) [Image] US ADP Employment Change JUN (5.45 PM) [Image] US Balance of Trade MAY (6 PM) [Image] US Fed Waller Speech (10:30 PM) [Image] US Fed Bullard Speech (10:30 PM) OUTLOOK HUL, Godrej Consumer look promising [Image] Hemang Jani, Equity Strategist & Senior Group VP, MOFSL, says consumer companies like HUL, Godrej Consumer look better bets to play crude price fall. "Consumer companies like HUL and Godrej Consumer are looking much better in terms of both the crude price fall as well as some sort of a pickup that we may see on the rural side and the progress of the monsoon," says he. [Read more]( Wealthier India likely by 2025 [Image] Sunil Singhania, Founder, Abakkus Asset Manager, says by 2025, we will have a wealthier India. "we are heading into a decent scenario. All we need is a little bit of luck. If oil were to correct to $75-80, even the near-term headwinds which India has in terms of trade balance, current account balance, currency and government finances will be all behind us," says he. [Read more]( STOCKS RECOMMENDATIONS HDFC Bank Ltd. Buy HDFC Bank, target price Rs 1640: JM Financial6 Jul, 2022 | 02:00 PM IST [buy]Buy Axis Bank Ltd. Buy Axis Bank, target price Rs 985: JM Financial6 Jul, 2022 | 01:11 PM IST [buy]Buy Image [Image]( [Image]( [Image]( © 2022 Times Internet Limited. To ensure delivery directly to your inbox, please add [newsletter@economictimesnews.com]( your address book today. [click here]( [click here]( [Unsubscribe me]( | [Update my information]( | [Terms and Conditions](