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The inaugural fund was structured as a proprietary fund, backed by our personal capital, in collaboration with a few friends from our school. The nomenclature "Artha99" derives from our school year of completion, which was 1999.

The economic growth in India, which is growing at the fastest rate, provides a tailwind for Indian businesses and is leading to higher earnings and valuations for stocks.

“The price action demonstrates an inability to sustain higher levels, curtailing the scope for significant upward movements. This pattern indicates a market environment where caution and strategic planning are crucial, considering the challenges posed to sustaining profitable long positions,” he says.

A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond.

"The overall strategy for us will eventually be that like our global company, we will also become a fully electric car company but that is a span of 10 years that we have to cover from now till it happens in 2033. But we will move in that direction. We always have a top-down strategy where we always try to bring the products which are the best in class."

The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

From the Sensex pack, Power Grid, JSW Steel, Tata Steel, NTPC, and Wipro opened with gains, while M&M, Bajaj, Finserv, Reliance Industries, and Maruti opened with cuts.

On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.

GQG Partners recently raised bets in two non-Adani companies in July and August and invested around Rs 3,382 crore for acquiring stakes in JSW Energy, and Patanjali Foods, aside from buying additional stakes in Adani Ports and Adani Power.

The latest inflation print in the U.S. and Federal Reserve minutes reversed the belief that we are pretty much at the peak of the interest rate cycle. That seems to put on hold further inflows from coming.