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This space is quite different from the traditional high-yield asset classes of promoter finance, loan against shares, distressed debt, venture debt, real estate financing etc.

“Using valuation as a standalone variable can be misleading and it has to be seen in the context of earnings growth. When one juxtaposes earnings growth expectations along with current valuations, we see no reason to prune market exposure or turn cautious,” says Abhishek Gupta, fund manager - equity, at the fund house.

The Future & Options 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%.

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 19400 and then towards 19300 strikes. Call writing is seen at 19400 then 19500 strike while Put writing is seen at 19200 then 19000 strike.

The U.S. economy added 209,000 jobs last month, data on Friday showed, marking the smallest increase in 2-1/2 years and the first time in 15 months that payrolls missed expectations. That sent the dollar tumbling nearly 1% against a basket of currencies on Friday while the yen and sterling surged.

An increasing number of countries are repatriating gold reserves as protection against the sort of sanctions imposed by the West on Russia, according to an Invesco survey of central bank and sovereign wealth funds published on Monday.

Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.

​​So, if you look at the various commodities, right from barley to glass to ENA, the prices have come down or kind of stabilised. So, it makes a case in point here and increase in excise could actually have negative impact overall volume growth which will lead to lower earnings growth for the companies and eventually lower valuation multiples.

​The subsidiaries of HDFC, of course, the companies like HDFC Life or HDFC Securities or for that matter even HDFC AMC also comes under the umbrella of HDFC Bank and it creates a huge sort of a banking conglomerate.

​And liquidity is an important supporting factor of the strong credit quality of our rated portfolio today because if you look at previous incidents of credit stress this arises more from companies being in a position where they find it difficult to access liquidity.