Foreign institutional investors (FIIs) are selling Indian stocks in favor of Chinese stocks, driven by hopes for structural reforms in China. Despite significant FII sales, the Indian market has not fallen as sharply as during the pandemic due to lower sales relative to market cap and active domestic financial institutions (DFIs). The Chinese economy's underperformance poses a challenge for FIIs. The Nifty index shows a weak short-term trend, while the NSE Small Cap Index demonstrates resilience. A potential trend reversal for large caps hinges on the Nifty surpassing key resistance levels.

Foreign Institutional Investors (FIIs) have shifted their focus from India's Dalal Street to China's stock markets, driven by China's recent monetary easing and regulatory adjustments. Despite India's robust economy, factors like declining PMI figures and lower GST collections have prompted this shift. China's markets have seen a significant rally, but challenges remain in boosting domestic consumption. Meanwhile, India is implementing measures to enhance market safety for small traders. The Nifty index has shown technical weakness, indicating potential volatility and bearish trends in the market.

The Nifty is expected to open positively due to anticipated rate cuts by the US Federal Reserve in September. The Fed has raised rates eleven times since March 2022, but with inflation now at 2.9%, a rate cut is likely. Jerome Powell's recent speech at the Economic Policy Symposium hinted at policy adjustments, boosting market indices like the Dow Jones and Nasdaq. The Nifty has been on a seven-session rise, with the NSE Microcap Index reaching new highs. The healthcare and metal sectors are performing well, benefiting from a weakening dollar and appreciating rupee. While rate cuts may offer short-term relief, the article advises enjoying the current market rally.

The study investigates the enhanced expression of angiotensin-converting enzyme 2 (ACE2) in psoriatic skin and its upregulation in keratinocytes by interferon-γ, suggesting an inflammatory environment's role in the skin tropism of SARS-CoV-2. The research was conducted by a team from AIIMS, New Delhi, and supported by an intramural research grant from the same institution. The findings highlight the potential implications for understanding the interaction between psoriasis, inflammation, and COVID-19.

The study investigates the effect of narrowband ultraviolet B (NB-UVB) treatment on microRNA expression in patients with active nonsegmental generalized vitiligo. Conducted by researchers from AIIMS, New Delhi, the research is supported by the IADVL – L’Óreal Indian Hair & Skin research grant and the Indian Council of Medical Research. The findings contribute to understanding the molecular mechanisms underlying vitiligo and the therapeutic impact of NB-UVB treatment.

The Indian stock markets are entering the Budget fortnight with strong momentum, reaching new all-time highs. The Nifty IT Index has seen significant gains, and railway and shipping stocks are performing well in anticipation of policy announcements. NSE Clearing has revised its criteria for accepting stocks as collateral, affecting market dynamics. SEBI's expert committee has proposed changes to Future & Options trading, causing mild market reactions. Improved monsoon conditions have positively impacted agricultural activities. Key resistance and support levels for the Nifty are identified, indicating potential market movements.

The article discusses the application of first principles thinking in feature engineering for machine learning, emphasizing the importance of creative thinking and domain expertise in developing predictive models. It explains that first principles are foundational concepts not deduced from other principles and can be applied beyond scientific laws to everyday situations. The author suggests that leveraging first principles can help data scientists understand domain intricacies and avoid false correlations, ultimately leading to the creation of more effective machine learning features. The article also highlights the limitations of relying solely on domain expertise and the problems with data and correlation in machine learning.

V K Sharma analyzes the Indian government's Budget proposal to borrow ₹700 billion in foreign currency out of the total proposed borrowings of ₹7 trillion for the current financial year. He discusses the exchange rate risk, which he considers the most serious financial risk, and conducts a cost-benefit analysis of the proposal, concluding that the benefits are not tenable.

The article discusses the potential for market performance in FY 18 and FY 19, with an expected earnings growth of 10% for FY 18 and a projected 25% growth for FY 19. V K Sharma, the author, is the Head of PCG and Capital Market Strategy at HDFC securities and has a background in managing public issues and underwriting offerings. The article also promotes the Moneycontrol App for business news and personal finance insights.