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Gold ETFs record Rs 165 crore inflow in Feb

Updated at : 2023-03-12 12:20:04

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Nirav Karkera, Head of Research at Fisdom, said that gold, as an asset class, is known to effectively align returns with inflation. The same deems it to be an important asset class today, especially for long-term retail investors.

Investors and traders reacted to the recent statement by US Fed Chair Jerome Powell regarding potential interest rate hikes, resulting in sell-offs and increased concerns over aggressive interest rate policies. However, the decline in the crypto market may also be attributed to uncertainties surrounding Silvergate Bank broadly this week

The CEO of Avendus Capital Public Markets Alternate Strategies LLP, Andrew Holland, says that there is nothing to worry about in the banking sector at the moment, and that the fall in US equity markets and the kind of bearing and linkage it may have or the cascading impact on Indian banks per se is just a sentiment. He also says that it depends on the time horizon one has when it comes to buying into expensive consumer staple stocks.

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The second-largest stablecoin fell from its intended $1 peg, trading as low as 81.5 cents as investors reacted to the exposure of issuer Circle Internet Financial Ltd. to the collapsed bank.

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The result has been increasingly wild moves across the spectrum of asset classes, swings that may persist over another news-packed stretch.

Systematix Shares strategy head says that earnings estimates are starting to be revised on the downside, interest costs are rising, and profits are declining. In fact, profits have also contracted both at the operating profit levels and also at the net profit level. There may be more corrections going ahead. It is better for investors wait before buying into any diagnostic stocks.

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​The bank had a negative cash balance of $958 million at the close of business on March 9

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Seven listed Adani Group companies lost over $100 billion in market value combined after a Jan. 24 report by Hindenburg Research alleged stock manipulation and improper use of tax havens, and flagged concerns over debt levels. Adani has rejected the concerns and denied any wrongdoing.

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Hedge funds are offering to buy the deposits of startups at discounts of between 60 cents to 75 cents on the dollar. Others are offering liquidity to private equity and venture capital firms whose portfolio companies are unable to access cash at SVB at around 80 cents on the dollar in exchange for a guarantee from the fund that owns the companies, according to one of the people.

​​"One of my previous picks was TD Power and I would like to suggest another trade, which is Cummins India. It has already gained 21% this year and is currently trading at 1683. It has been outperforming the benchmark index. One can accumulate it at current levels or on a decline towards 1650."

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