Latest Stock Market News

This week the domestic market was moving in tandem with its global peers. The worries over global economic slowdown and rate hikes took control of the market sentiments, said Vinod Nair, Head of Research at Geojit Financial Services.

Mainly, there are two kinds of factors: Macroeconomic factors and Style factors. Macroeconomic factors which are not directly correlated with the financial assets yet affect their prices. For instance, GDP growth, Interest rate, Inflation, and so on.

I think still early days but normally pharma is a good defensive so in challenging times people do retreat to pharma but Indian pharma given the valuations in the growth phase also we saw it did not do so well I would be a little circumspect, not the time right now to get into pharma, said Ajay Bagga.

So long as it is above this zone, there will be higher chances of Nifty stabilising and finding a foot for itself. In other words, a violation of this zone will invite incremental weakness. To translate this in simpler terms, Nifty’s price action against 15000-15700 zone would be crucial to watch over the coming weeks.

The start of the week was extremely torrid for the markets but the end was something which I believe everyone would probably want to take note of because of the way in which our markets shaped up devoid of what is happening across the globe, said Bothra.

Nifty has given a CAGR return of around 11 per cent in approximately 27 years or an absolute return of 1700 per cent. So a study of Nifty’s journey from 1,000 to 17,000 brings about some key insights.

The Board of the Investment Manager (of IndiGrid) also approved a Distribution Per Unit (DPU) of Rs 3.19 for Q4 FY22 ( January-March quarter) to unitholders in line with the distribution guidance.

“Price declines have made valuations quite reasonable. I am of the camp that not much downside (max 5-7%) is left in the short to medium term for large-cap stocks,” says Arun Malhotra, Founding Partner & Portfolio Manager, CapGrow Capital Advisors.

​Terra (UST), a stablecoin designed to peg the value of the US dollar, and its sister coin, Luna, both plummeted. Luna, a not-so-stable stablecoin, was selling at around $118 just a month ago, but it is now virtually worthless. The crypto currency managed to erode the wealth of millions of investors, many of whom were from India.

Economists said the fall in the transferable surplus is because of the increased interest the RBI had to pay to banks which parked their surplus liquidity in the reverse repo window.