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"Also, on the hourly momentum indicator we can observe negative divergence which indicates loss of momentum on the upside. After witnessing a 700 points rally in the last five trading sessions a consolidation is highly likely," Gedia said.

I think we have accounted for these very large fluctuations on international oil prices and international gas prices and tried to stay within that bound so that the consumers get their gas at competitive rates with respect to their alternative fuels which are possible.

Indian Hotels Company, incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 46667.25 Crore) operating in Tourism & Hospitality sector.

On the sectoral front, Nifty Auto gained 0.84% and Nifty Realty rose 1.63%. PSU banks, IT, media, metal, pharma, consumer durables and oil & gas stocks also opened with gains. In the broader market, Nifty Smallcap50 rose 0.11%, while Nifty Midcap50 opened flat.

Post reversal, the stock has already rallied over 8%. Currently, the stock is comfortably trading above short-term averages, and it also formed a range breakout formation on the weekly charts which indicates the continuation of the uptrend in the future.

The Nifty Index is now trading at valuations close to its long-term average versus the emerging markets. This means that the headwinds from active foreign investors due to the relative expensiveness of the Indian market are no longer valid.

So far in 2023, Nifty has fallen over 3% amid weak global cues. However, the Indian equity market felt some relief last week when the RBI, in a surprise move, decided to keep the repo rate unchanged at 6.50%.

Not only in times of volatility, even otherwise, clients should follow asset allocation, where your investments are bifurcated in risk-free and risk-based investments.

American asset manager Nuveen and Dutch development bank FMO have put in Rs 165 crore each in Arohan while Piramal Alternatives and a European development financial institution invested Rs 200 crore each.

The Mauritius Revenue Authority (MRA) has launched a probe into the finances of at least seven investment managers (IMs) who advise funds on stocks in markets such as India. The MRA is said to be questioning the fees earned by the IMs and the extent to which income is transferred to entities in other countries. Mauritius previously attracted foreign investors thanks to its affordable fees and business-friendly laws. However, other jurisdictions embarked on a crackdown on tax havens prompting tax offices to seek substance in investment structures.