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"India has been a beneficiary of low energy prices, subdued inflation and low interest rates. That could change going ahead, with rising crude prices, which could lead to higher inflation and higher interest rates."

David Einhorn is well-known in financial markets as an activist investor and eminent short-seller. He has long been considered one of the most successful and closely followed hedge fund managers in the financial industry. He is famous for betting correctly with a short position in Lehman Brothers before it collapsed during the financial crisis.

"Nifty has given a strong breakout both in terms of the critical averages as well as the psychological mark of 17,000 for itself but the Bank Nifty is still trading below its 200 day moving average. So for the indices to get back into the line of performance and outperformance, it has to break past above the first crucial resistance which is around the 36,650 mark which is also the high the Bank Nifty had made on Friday."

"You are right, the Street is not estimating the hike in inflation which is going to come in the next couple of months. But I think this opening up theme definitely at least for a quarter or so should do well. ABFRL is my top pick."

As per theory - stocks with higher volatility need to deliver higher returns to investors to compensate for the higher risk taken. According to this theory, finance experts tend to calculate expected returns of a particular security, and almost always, expected returns tend to be higher for those with higher volatility.

Over the past two weeks, Nifty has pulled back nearly 1,616-odd points from the low of the previous week. It should not come as a surprise if Nifty consolidates after an expected positive opening on Monday. It is strongly suggested that from now on, upside moves should not be chased, instead, they should be used to take some money off the table and protect profits.

Asana Inc., an unprofitable software maker, was among this week’s winners. The San Francisco-based company’s shares jumped 27%. Electric pickup-truck maker Lordstown Motors Corp. gained 30%, while RealReal Inc., which operates a luxury goods consignment marketplace, rose 31%.

The Bank of Japan maintained its massive stimulus on Friday and warned of heightening risks to a fragile economic recovery from the Ukraine crisis, reinforcing expectations that it will stay an outlier in the global shift towards tighter monetary policy.

European shares inched higher on Friday, attempting to build on strong gains from earlier this week, as investors focussed on Russia-Ukraine peace talks that has shown no tangible progress so far. The pan-European STOXX 600 index rose 0.2% by 0814 GMT and was headed for its best weekly performance since November 2020.

This is an opportunity for investors and advisors to revisit their long-term portfolio allocation strategy towards internationally diversified funds. The well-known home bias of investors everywhere can be looked into during this phase of the markets.