Buy JK Cement, target price Rs 3856: ICICI Securities

Top US funds have urged managers of the Bloomberg Barclays Emerging Markets bond index to advance a scheduled review to early October so that a decision on India, now featuring on the competing JP Morgan gauge, can be brought forward by a quarter to give bulge-bracket investors tracking the benchmark an option to incrementally buy about $25 billion of bonds issued by one of the least indebted major economies.

Consumers might be buying less gold amid record-high prices, but top retail chains are seeing a surge in jewellery purchased through deferred or monthly payment schemes. Some of the big jewellery retailers saw over a 50% rise in purchases through monthly schemes.

The National Stock Exchange, India’s largest bourse, is finalizing plans to extend trading hours for equity derivatives, said three people with knowledge of the matter.