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Rising interest rates put pressure on equity markets throughout 2023 as foreign investors have been on a selling spree since the start of the year

The video series featuring influencer Shraddha started with a short take on how taking advice from random people can hurt investors

"The company has not entered into any definitive agreement or binding commitment on this matter," Tata Consumer, which sells the popular Tata Salt and Himalayan-branded mineral water, said in a stock exchange filing after market closed.

The recent rally in the yellow metal was supported by safe haven buying as concerns about the banking crisis continue after the European Central Bank hiked interest rates despite the ongoing financial stability risks, Gandhi said.

The merger of HDFC Bank and HDFC Ltd is now complete, and analysts are assessing the impact on the stock. They believe that the merger will lead to dilution in ROA around 10-15 bps in the year term, but ROA will still remain way above the cost of capital. The stock is trading at a 30% discount to its long-term valuation multiple despite no slowdown in the growth patterns just as the merger was impending.

The Nifty Pharma index closed 0.57 per cent down at 11676.15.

Option data suggests a broader trading range between 16,600 and 17,500 zones. Chart readers said the formation of two back-to-back Doji patterns in the last two sessions indicate that the market is in the process of a near-term bottom formation.

D-Street investors get richer by Rs 1.53 lakh crore as market capitalisation of all listed cos on BSE surges to Rs 257.58 lakh crore

From the valuation parameter, the price to earnings ratio has gone from 24 to 19 times. In price to book, we are below the 10-year average. If you look at the earnings yield, it is roughly about 5.6%. If you look at market cap GDP, we are at 94%. The peak was about 112%. In the last 18 months, the total economic growth, the GDP growth is 20%. For Nifty, it is minus 9%.

It is very important for any investor to understand who the fund manager is because after all it is your hard-earned money that you have given to a professional to manage. So the track record of the fund manager, how he has performed in various other funds that he has been managing, and his thought process in terms of the overall investment objective of the fund are very crucial when it comes to money management.