Point of Decision

Affle (India) The mobile marketing platform received a patent in the US titled 'Method and system for enabling an interaction between user and podcast'.

Cyient The technology company will set up a new subsidiary with a dedicated focus on its end-to-end turnkey ASIC semiconductor business.

Mahindra & Mahindra The auto company's total production in the first quarter of this fiscal was 69,045 units, up 8% year-on-year and total sales were up 11% at 66,800 units. The total exports were up 4% to 2,597 units for the quarter ended June. The company also reduced its stake in Switzerland's Gamaya from 15.04% to 4.33% due to a shareholding reorganisation.

LT Foods The FMCG company expanded its footprint to the United Kingdom to tap the £1 billion rice and rice-based food market. Eyes revenue to the tune of £100 million in the next 5 years.

Rashtriya Chemicals & Fertilisers The chemical and fertiliser company placed a purchase order worth Rs 514 crore. The order is to revamp its ammonia plant in Thal, Maharashtra.

Adani Wilmar The Ahmedabad-based company will acquire a 67% stake in specialty chemical company Omkar Chemical Industries at an enterprise value of Rs 56.25 crore.

Hindustan Zinc The state-owned company received renewable power from Serentica’s 180 MW solar project.

```Rotation trade is USA 👉 Headline indices slip but broader markets outperform ``` 🇺🇸 Markets on Thursday DowJones +0.08% Nasdaq -1.95% S&P500 -0.88% Russell 2000 Index +3.6% Highlights 😢 S&P 500 suffers worst day since April 👉 2nd day since 1979 when Russell 2000 +3% while the S&P 500 declined Inflation cools, ignites hopes of rate cuts 😎 Consumer price index -0.1% last month from May vs expected +0.1% mom Annual inflation rate down to 3% vs expected 3.1% annual rate Core CPI came in at a 3.3% annual rate Impact of softer inflation data 🇺🇸 10-year Treasury yield fell to a four-month low at 4.21% Odds of a September rate cut rose to about 93% based on fed funds futures Source👉 CME FedWatch Tool Profit Taking on large names 👎 Nvidia -5% Apple -2.3% Tesla -8.4% Alphabet -2.9% Amazon -2.4% Meta Platforms -4.1% Hope of lower rates sent Housing-related shares higher 🏡 Home Depot +2.8% & D.R. Horton +7% Other Assets 💲 Dollar Index 104.44 ⛽️ Brent Crude 85.8$/barrel 🪙 Gold +1.8% at $2,414.40/ounce 🥈 Silver +2.1% to $31.44 per ounce 💸 Bitcoin 57560$ What to track on Friday in USA? a. Economic Data -June’s producer price index results -July’s preliminary consumer sentiment numbers from the University of Michigan b. *Quarterly Results* JPMorgan Chase, Wells Fargo & Citigroup

S&P 500 closes above 5,600 for the first time, lifted by gains in Big Tech 🚀 🇺🇸 _markets on Wednesday_ #DowJones +1.09% #Nasdaq +1.2% S&P500 +1.02% Chip stocks were the big winners of the session 🔥 Taiwan Semiconductor +3.5% after earnings beat Rub Off Effect 👉Qualcomm +0.8%; Broadcom +0.7% 🚀 Artificial intelligence darling Nvidia +2.7% Comments from Federal Reserve Chair Jerome Powell in past 2 days has fueled investor hopes for a rate cut in the second half of the year 🤞 Other Asset Classes 🇺🇸 10 year yield at 4.29% 💲 Dollar Index at 104.96 ⛽️ Brent Crude at 85.6$/barrel 🪙 Gold at $2,378/ounce 💸 Bitcoin at 57580$ Key to track on Thursday 👇 a. June consumer price index report Economists polled by Dow Jones expect +0.1% mom & +3.1% yoy Alert: Producer price index is set for release Friday b. Earnings on Thursday PepsiCo , Delta Air Lines, Conagra

IRCTC The company, DMRC, and CRIS collaborated to promote the 'One India – One Ticket' initiative, enhancing the travel experience for main-line railway and metro passengers in the Delhi NCR area.