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Interest rates and stock prices are inversely related. As interest rates rise, more money moves to fixed-income assets, adversely impacting stock prices. Markets start discounting earlier than the actual event, which can lead to a decline in stock prices. Alternatively, the reverse is true when interest rates start falling. Interest rates have peaked, and this has implications for investors to lock into fixed-income assets like debt funds and bank FDs. As such, equity markets are set to stage a rally in the second half of CY 2023.

Cryptocurrency markets experienced positive trading on Monday as hopes for a US debt ceiling agreement increased. Bitcoin gained 2.55% and reached $27,927, while Ethereum exceeded $1,900. If Bitcoin manages to clear the $28,500 resistance level, it could continue to rise. The total volume in DeFi was 6.83% of the total crypto market 24-hour volume, with the volume of all stablecoins at $30.6bn, equivalent to 91.07% of the total crypto market 24-hour volume. The global cryptocurrency market cap rose by 2.04% in the last 24 hours to approximately $1.16tn.

The Relative Strength Index of the stock stood at 73.07 on Monday.

The stock quoted a 52-week high of Rs 389.2 and a 52-week low of Rs 207.25.

Indian equity markets rallied for the second consecutive month in May, driven by foreign portfolio investors (FPIs) continuing to pump money into Indian equities. Improved market sentiments and strong macroeconomic fundamentals were also drivers. ICICI Direct expects the Nifty to test the levels of 18,900 and is confident that the midcap index could experience accelerated upward momentum as it approaches its all-time high. The brokerage chose a range of top picks, such as Kotak Mahindra Bank, Reliance Industries, and TCS, across several sectors based on various criteria.

At this point of time, Taro has not given any specific guidance as such and continues to be a public company. So we will be unable to offer any comment on the future performance of Taro either on the current asset basis or even if the transaction goes through. It is too early to comment.

As of 31-Mar-2023, promoters held 51.14 per cent stake in the company, while FIIs held 16.42 per cent and domestic institutional investors had 20.07 per cent.

GMR Airports Infrastructure saw its shares fall 11% to Rs 40.1 on the BSE after it posted a consolidated loss of Rs 637 crore ($86m) in Q4 FY23, compared to a loss of Rs 129 crore in the same quarter last year. Revenue from operations increased 47.6% to Rs 1,895 crore for the same period, while EBITDA decreased 49% YoY to Rs 241 crore. GMR said near-term traffic may face headwinds from supply-side constraints like the bankruptcy of GoFirst and engine issues, but expected gain momentum in medium- and long-term from an increase in airline capacity and routes and greater connectivity between tier-II and tier-III cities.

The Relative Strength Index of the stock stood at 71.55 on Monday.

​So, we think that it is very interesting that you are seeing consolidation right at the point where hopefully the business will start to see significant inflection in terms of consumer spend, so that is why we really like the space.