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A string of scandals over many years, top management changes, multi-billion dollar losses and an uninspiring strategy can be blamed for the mess that the 167-year-old Swiss lender now finds itself in.

​​​ Hence, the performance of banking stocks will be vulnerable in the medium- term, while in the short-term we can have a bounce given the corrective measures. No one is safe from the high interest rate and inflation scenario having an effect on the pricing of equities & the profitability of businesses.

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The very purpose of rate hikes in an inflationary scenario is to slow the economy down, and consequent damage is a likely scenario.

According to disclosures made to stock exchanges, Kedia acquired 16,83,502 shares of the company on March 15. Before the acquisition, he held a 1.5% stake and his total shareholding in the auto company has gone up to 8.43%.

More events unfolded on Wednesday, as Credit Suisse lost almost a quarter of its value to hit a new record low, after the top shareholder Saudi National Bank ruled out more aid leading.

With weakening EM currencies, the Rupee is also bound to weaken. For now, the central banks across have become the currency manager and have insulated their currencies against the heat of the external environment by using the FX reserves and so did the RBI actively.

The Nifty midcap index is trading around the critical support zone of 29500 and if this support is not held on the closing basis it will lead to further selling pressure on the downside. One should have a very stock-specific and sector-specific approach in such volatile markets.

“The biggest policy surprise this year has been in SOE reforms, and it’s likely to stay a major play,” said Ou Xiao, fund manager at Stone PE in Shanghai. “There are plenty of ways to boost valuations, from incentive plans to asset injections, dividends and stepping up corporate governance.”

Investors are expected to invest with medium-long-term horizon rather than relying on tips or short-term trading. We recommend that retail investors employ the services of a professional advisor or mutual fund distributor to guide them in their investments.