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“India is transiting from being a part of global emerging markets to becoming a single country allocation. We will get money on our fundamentals, on our earnings growth no matter what happens to the emerging markets if we can make that transition. And the beginning of that transition has begun.”

“I am a very conservative investor. I have always had about 60-70% of the portfolio in hybrid funds. My preferred category has been balanced advantage and I also think they offer a mix of debt and equity with tax efficiency. That is why I do not hold debt explicitly. So that is the bulk.”

Both BSE Sensex and Nifty50- jumped more than 2 per cent each. Midcap and smallcap indices also ended in red, whereas fear gauge index India VIX slipped below 18-levels. On the sectoral front, buoyancy on the banking front combined with a buying in select IT, energy and FMCG majors kept the tone positive for most of the week. However, metals and media counters were disappointed. Seven key factors that will guide the markets in the truncated holiday bound festive week.

"Lemon Tree Hotels is one of our high conviction bets. We have built a large concentrated position of 8% in Lemon Tree. Gujarat Fluorochemicals is another stock in our portfolio. We have owned this stock from a price of Rs 580 to today’s price of Rs 4,000. Then comes Bharti Airtel which has strong momentum in India with improving ARPUs. The other two bets are Titan and Motherson Sumi Wiring. "

Operationally speaking, it’s performance has been near-flawless. A slew of worries over cryptocurrency volatility, the depth of the market for futures and the cost of rolling its underlying contracts have all fallen by the wayside in 12 months of solid functioning for the ProShares Bitcoin Strategy ETF (ticker BITO).

The latest inflation data from the United Kingdom shows that inflation is at its highest in 4 decades and is mainly driven by high food prices and the falling supremacy of the pound. The US economy is defying global trends and is becoming a stringer with the rising dollar as US-listed companies report positive earnings, acting as a catalyst for the world’s most powerful currency.

The past five sessions saw the index trading in a range of 572 points which was wider than what was seen over the past few weeks. While staying and closing above key supports, the headline index ended with a net gain of 391 points (+2.27%) on a weekly basis.

Absolutely, the expectation largely was that numbers will be soft for Reliance. The O2C business has probably justified that stance. The large expectation of the Street was anywhere between Rs 32000-32500 odd crore in terms of consolidated EBITDA and that has clearly surpassed with the consol EBITDA coming at Rs 34653 crore

The strong loan growth on consumer banking made up for the tepid performance on the corporate side where the loan book shrank 2% compared to June.

However, at least in the short term, the probability of such an occurrence is slim as international views contradict one another. At one end of the spectrum, we have El Salvador and the Central African Republic, which said, "Bitcoin is an official currency." In contrast, China mentions, "Crypto transactions are illegal."