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In the overseas markets, both gold and silver were trading higher at USD 2,005 per ounce and USD 22.55 per ounce, respectively.

The trend in the housing market is that people are buying homes to get the capital gains benefit which is getting capped next year. There has been no decrease in demand as of January, but if rates continue to increase, the slowdown will start to come in. There is still demand in terms of home loans, but it is not advisable to go for it now. Rates will go up and down, and when it goes up, the tenure will automatically increase.

The Chairman of Man Industries, Rameshchandra Mansukhani, has announced that the company has won a Rs 1,300-crore order from the Middle East. This order includes value added products, along with the coating and a lot of other treatments. The order has to be completed in 6-7 months after May. The company has Rs 18,000 crore bid position, so if it does not perform, its India name is not there and it cannot get the Rs 18

Banking giant UBS is buying troubled rival Credit Suisse for almost $3.25 billion, in a deal orchestrated by regulators in an effort to avoid further market-shaking turmoil in the global banking system.

The Indian government bond yields were marginally lower on Monday, mirroring U.S. peers, while the rescue of a European lender and dipping odds of a rate hike by the Federal Reserve this week further aided sentiment. The 10-year benchmark 7.26% 2032 bond yield was at 7.3361% as of 10:00 a.m. IST, after closing at 7.3511% on Friday. The yield fell eight basis points last week, its biggest drop in six

Global sentiments continue to be soft. In such a scenario, it is better to focus on the domestic sectors. Manufacturing or capital goods sectors are likely to see a much better situation as compared to global exports. Within that, in order to save the portfolio, maybe in order to be defensive, FMCG continues to look better from a medium-term perspective.

According to market sources, Udayshivakumar Infra shares are commanding a premium of Rs 10 in the unlisted market, which is higher than the previous day.

A total of 22,414 shares changed hands on the counter till 01:54PM (IST).

The ValueQuest Investment Advisors conference was a wonderful forum to showcase where India is headed. India is at an inflection point, with growth picking up from here. There is inflection in India, but there was inflection for us as well. India has retained its wealth during the crisis. The risks in the world come from unknowns, not to say that we know what is happening, but there is a playbook already available and a decade is not too long back.

Investors were also spooked by news that Credit Suisse additional tier-1 bonds - or AT1 bonds - with a notional value of $17 billion will be valued at zero, angering some of the holders of the debt who thought they would be better protected than shareholders.