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The Reserve Bank of India’s project to shore up foreign currency reserves would be hampered by as foreign portfolio investors offload their investments in the Indian capital markets in the hunt of better returns from US bonds, pushing the central bank to sell dollars to ease currency volatility, experts said.

The RBI, also the banking sector regulator, is closely monitoring profitability and other financial performance measures of these conglomerates and their companies besides parameters such as the quantum of debt raised from other sources like external commercial borrowings or bonds for any signs of stress.

"It is very likely that we will raise interest rates by 50 basis points," Lagarde told El Correo when asked what would happen later this month. "This was a decision that was indicated at our last monetary policy meeting and all the numbers we have been seeing in recent days are confirming that this interest rate hike is very, very likely."

​The Nifty supported a falling trend line extension near 17,300. After that, we witnessed a rally towards 17,600. For the time being, any fall towards 17,300 or lower levels can be used as buying opportunity. On the upside, 17,800 might be the initial hurdle, but 18,200 would be the trend decider after that. Only a move above that would confirm a bottom at the recent low.

The National Company Law Tribunal admitted the company under the corporate insolvency resolution process (CIRP) in May 2022 on a petition by chemicals maker SRF after it defaulted on dues of ₹15 crore.

On 24th February 2023, the United States Commerce Department released the inflation data, which reported the Personal Consumption Expenditure (PCE) for Jan 2023 rising to 5.4% from the year earlier, which stood higher than expectations.

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In a way, it reflects the grim reality of the K-shaped recovery India is facing now. As the theory goes, whenever people are tight on money, they don’t replace their underwear. Signals from underwear can only be ignored at one’s peril

- Broader markets recovered swiftly in the last session, and the Nifty closed the week tad below 17600 levels gaining almost 300 points in a single session. BFSI was the major driver of the move while the pharma and technology space remained laggard. At the same time, broader markets have outperformed

In direct plans, investors bear a lower expense ratio as they entail no distribution/ placement fee. However, it should be noted that investing via direct plans makes sense when you have adequate knowledge and capability to select and invest in funds suited to your needs. Hence, the co-existence of both regular and direct plans works out well