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The brokerage is ‘overweight’ on Private Banks, NBFCs (large diversified), Insurance, Cement, Real Estate, OMCs. It is ‘underweight’ on IT, FMCG, and Auto; and ‘neutral’ on Pharma, and Capital Goods.
The success of the Indian cricket team in the Asia Cup, coupled with the marketing strategies of Disney+ Hotstar, has attracted more companies to sponsor the ICC World Cup. Disney Star earned Rs 480 crore in sponsorship revenue from the Asia Cup, with double the number of advertisers compared to the previous edition, according to a source. Many brands that sponsored the Asia Cup have signed multi-billion rupee deals for the World Cup.
IndusInd informed the appellate tribunal that it would withdraw its insolvency petition, which essentially opposed Zee’s deal with Sony.
Indian stock markets bounced back from huge losses on Friday as both Sensex and Nifty 50 gained by huge margins
As Sensex and nifty 50 were trading near negative zones for the last two days, the market analysts were expecting a correction