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Going forward pharma is the one which is quite oversold, so it will bounce back. Indian pharma if you see Dr Reddy is the stock which is making a higher high and clearly an outperformer.

Asian stock markets rose on Friday tracking Wall Street, as US inflation data appeared to ease in March and China reported strong exports. This comes amid hopes that the Federal Reserve and other central banks might postpone or scale back plans for interest rate hikes. The Hang Seng in Hong Kong remained steady and New Zealand declined, while Singapore and Jakarta gained. Indian markets were closed for a holiday. US benchmark crude oil futures rose and the dollar fell to 132.50 yen from 132.77 yen.

The continuing headwinds to exports which have had an impact on volume growth, and the high-base were cited as the main reasons which will cause the sharp slowdown in topline growth for Q4FY23, Crisil, which analysed 300 companies across 47 sectors to arrive at the expectations, said

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The other approach is getting into hybrid funds, with a defined portfolio allocation. There are aggressive hybrid funds with an equity allocation of more than 65 percent of the portfolio, there are conservative hybrid funds with equity of less than 25 percent of the portfolio, there are arbitrage funds, balanced advantage funds, etc. The advantage of this approach is that hybrid funds, since they have a defined asset allocation, will reset the portfolio when there is a deviation.

According to the latest shareholding pattern available with the exchanges, mutual funds have a combined stake of 11.90%. Apart from the above three funds, HSBC Value Fund has 1.46% stake in the company and Franklin India Flexi Cap Fund owns 7.39%. Meanwhile, retail investors own nearly 17%.

When global central banks were just about to make a U-turn from their jumbo hiking in Q3 2022, the gold finally bottomed out. At that time, USD was weakening against DM and EM currencies, and that helped gold prices to rise in USD terms.

In a recent exchange filing, the company said it has achieved a new milestone in offline payments with the deployment of 6.8 million Paytm payment devices like Soundbox and PoS. In just one year, the company has gone to 6.8 million devices deployed from 2.9 million devices a year ago.

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The lack of international cooperation has made it challenging for regulators to effectively govern the sector. Different countries have their own approaches to regulation, leading to a patchwork of regulations that can be confusing for investors and businesses alike.