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Smallcaps are micro monopolies that operate in specific niche markets where they dominate. Unlike large caps, smallcaps have domestic investors and are less affected by macro headwinds. Smallcaps tend to generate 2-3% more than large caps over a ten-year period and offer unique stories in the Indian markets. However, investing in smallcaps is extremely risky, and the likelihood of something going wrong quickly is higher due to smaller decision-making teams and limited oversight.

There is a difference between the time frame of long term for equity and the scheme. Now, for example, I would want to give equity 20 years to invest, but not every scheme, equity mutual fund scheme 20 years.

In the Sensex pack, ITC, SBI, Bajaj Finance, and NTPC were the top laggards, falling 1-2%. Power Grid, ICICI Bank, Sun Pharma, Kotak Bank, and UltraTech Cement also closed with cuts. On the flip side, IndusInd Bank, TCS, Axis Bank, Tata Motors, and M&M settled in the green.

As Indian equity indices extend their bull run, Nifty FMCG scaled fresh all-time highs on Tuesday.

Pidilite Industries reported healthy growth in its core businesses, which helped drive overall performance. The consumer businesses grew over 20% in value and double digits in volume. The B2B growth was around 13%. Rural and semi-urban areas are gradually returning to demand, creating a greater growth rate than urban areas. The pigments business has faced an impact due to the near-recession in western markets.

The stock traded at a P/E multiple of 11.48, while the price-to-book value ratio stood at 2.85.

Former FTX CEO Sam Bankman-Fried has requested a US federal court to dismiss 10 of the 13 charges he faces over the collapse of his crypto exchange. His lawyers argue that in some charges, prosecutors did not "state an offense" or "allege a valid property right." Bankman-Fried pleaded not guilty to fraud, conspiracy, and money laundering charges. He is currently under house arrest after being extradited to the US from the Bahamas in December. Some allegations suggest he cheated investors and misused funds belonging to FTX and Alameda Research customers.

A total of 15,853 shares changed hands on the counter till 02:11PM (IST)

Cryptocurrency markets saw a decline in prices on Tuesday, with Bitcoin dropping 2.14% to $27,580 and Ethereum trading below $1,850. The global cryptocurrency market cap fell 1.73% in the last 24 hours to around $1.14tn, with other major cryptocurrency tokens also trading lower. Reports of network congestion and paused Bitcoin withdrawals issued by Binance caused market speculation. Industry experts predict the market will remain choppy, with US CPI inflation data expected to be key to holding the market structure.

"Indiabulls Real Estate (IBREL) regrets to inform its shareholders and the public that the sanction to the merger of NAM Estates Private (NAM Estates) and Embassy One Commercial Property Developments (Embassy One) into IBREL has been withheld by the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench," Indiabulls said in an exchange filing.