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The interim order against the individuals were passed following investigations, which revealed that Chandra and Punit Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit.

Oil prices are down as investors await the US Federal Reserve meeting to gauge appetite for interest rates hikes and assess rising Russian oil production and demand prospects in China. Brent crude futures fell 2.8% to $72.67 a barrel while US West Texas Intermediate crude was down 3.3% at $67.84. Commentators suggest it is a "clash between two opposing forces" with bearish asset allocators pointing towards monetary contraction being a dominant force at present. Bank of America Global Research expects Brent crude to average about $80 a barrel in 2023.

UBS has successfully concluded its acquisition of Credit Suisse, resulting in a mammoth banking entity, as two global banks unite for the first time in history. UBS Chairman, Colm Kelleher, says “We are now one Swiss global firm and, together, we are stronger." Many obstacles still remain as the two banks will now focus on integrating internal operations. Both banks’ balance sheets will remain separate but UBS has created a new board of directors dedicated only to specific Credit Suisse operations. As billions of Swiss francs are said to be saved through the merger, Switzerland’s political leaders worry that the bank has grown too large for its own good.

Foreign portfolio investors were net sellers at Rs 308 crore on Friday. Domestic institutional investors, on the other hand, bought shares worth Rs 1,245 crore.

The Nifty is forming a tight consolidation pattern between 18,550 and 18,630, indicating indecisiveness between buyers and sellers. It must hold above 18,636-18,676 zones for an up move towards 18,777 and 18,888 zones while on the downside support exists at 18,550 and 18,480 zones. The India VIX is up from 11.12 to 11.24 levels, suggesting a trading range between 18,400 and 18,900 zones. The immediate supports like the daily 10-day and 200-day EMAs have been offering the base for Nifty for the last two months. Bank Nifty has strong put writing at 44,000, 43,500, and the 43,000 levels.

As certain real estate companies demonstrate exceptional performance, Joshi suggests considering direct investments in real estate names or alternatively exploring related sectors such as cement and building materials.

Investors seeking potential buying opportunities may find these stocks intriguing, as their recent RSI crossovers suggest a potential rebound in prices. However, it is advisable to conduct thorough analysis and consult with a financial advisor before making any investment decisions based on technical indicators like the RSI.

​Radhika Gupta, MD & CEO, Edelweiss Mutual Fund in a Twitter thread shared five thoughts about money that she would want her child to learn first.

Hemant Sood, Founder of FinDoc lists steps one can follow to kick start their journey of becoming a professional trader.

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