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Shares of airline companies were under pressure as air turbine fuel prices hit record highs. Surging fuel prices will hit already thin margins of companies. IndiGo was down over 6 per cent and SpiceJet about a per cent.

In such a situation, it will be a challenging six months to deliver positive, if not good, returns. Being cognizant of the risks, we have made strategic changes to our portfolios.

The income-tax department and the Central Bureau of Investigation are conducting parallel investigations into the revelations made in the recent Securities and Exchange Board of India order that stated Ramkrishna was guided by a faceless "yogi" for more than 20 years for making decisions at work.

The panel is mandated to advise Sebi on any hurdles that might hinder the development of the alternative investment industry and any other item relevant to the segment as well as development of the startup ecosystem in India.

Nifty50 ended the week slightly lower. The short-term trend is gradually turning bearish, although the solid support level of 16,800 on the downside is still holding quite strongly. Bank Nifty index, on the other hand, is yet to confirm any bearish structure.

This is the fifth consecutive month of foreign fund outflows.

Rapidly rising oil prices can be a troubling development for markets, as they cloud the economic outlook by increasing costs for businesses and consumers. Higher crude also threatens to accelerate already-surging inflation, compounding worries that the Fed will need to aggressively tighten monetary policy to tamp down consumer prices.

“One can look at SJVN and NTPC which are focussing a lot more towards hydroelectric and solar energy. Both the companies have extremely good dividend yields of about 7-8%, are very safe, good, government-run companies. If you were to play it as a theme for the next 10 years and make returns in way of dividend, you can definitely add these stocks to your portfolio.”

“Normally, when people are losing money in one particular area, they go and sell some other stocks where they are making money to compensate for that. So, there is an overall increase in volatility. Also since liquidity also tends to be a little bit lower as far as this space is concerned, one sees enhanced volatility happening in such events.”

"On the upside, 17,500-17,550 will act as resistance for Nifty; till the time we do not break past above those levels, we would probably lookout for opportunities to try and build up consolidation positions."