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"It is very likely that we will raise interest rates by 50 basis points," Lagarde told El Correo when asked what would happen later this month. "This was a decision that was indicated at our last monetary policy meeting and all the numbers we have been seeing in recent days are confirming that this interest rate hike is very, very likely."

​The Nifty supported a falling trend line extension near 17,300. After that, we witnessed a rally towards 17,600. For the time being, any fall towards 17,300 or lower levels can be used as buying opportunity. On the upside, 17,800 might be the initial hurdle, but 18,200 would be the trend decider after that. Only a move above that would confirm a bottom at the recent low.

The National Company Law Tribunal admitted the company under the corporate insolvency resolution process (CIRP) in May 2022 on a petition by chemicals maker SRF after it defaulted on dues of ₹15 crore.

On 24th February 2023, the United States Commerce Department released the inflation data, which reported the Personal Consumption Expenditure (PCE) for Jan 2023 rising to 5.4% from the year earlier, which stood higher than expectations.

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In a way, it reflects the grim reality of the K-shaped recovery India is facing now. As the theory goes, whenever people are tight on money, they don’t replace their underwear. Signals from underwear can only be ignored at one’s peril

- Broader markets recovered swiftly in the last session, and the Nifty closed the week tad below 17600 levels gaining almost 300 points in a single session. BFSI was the major driver of the move while the pharma and technology space remained laggard. At the same time, broader markets have outperformed

In direct plans, investors bear a lower expense ratio as they entail no distribution/ placement fee. However, it should be noted that investing via direct plans makes sense when you have adequate knowledge and capability to select and invest in funds suited to your needs. Hence, the co-existence of both regular and direct plans works out well

At CMS, we currently have an order book of over Rs 1,000 crore in the first 9 months of FY23. The focus is on the implementation of the order book wins, and most of our key projects in the order book are on track. Our enterprise sales strategy has played well for us as we continue to win contracts with multiple customer logos across business lines

A mid-week break will hasten time decay and affect the flow for options traders for the 9th March expiry. Yet, we will open the week with hopes of continuation in the relief rally aiming for 17800-18250 and 43000 in Nifty and Bank Nifty, respectively, as the ideal endpoint, with downside markers placed at 17,500 and 40,900