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A large number of investors have been opening Demat accounts and investing in secondary markets, and filing applications for IPO, data from the Securities and Exchange Board of India (SEBI)suggests the number of new Demat accounts being opened between April 2020 and January 2021 was around 10.7 million.

It is clearly evident that the inherent nature of the Indian Rupee has been to depreciate against the dollar with intermittent corrections and will continue to be so. The major reason for this is the age-old fact that a high inflation rate will continue to reduce the value of any currency; Indian inflation rates like most emerging market economies have been higher than that of the US.

The market capitalisation (m-cap) of Reliance Industries zoomed Rs 58,671.55 crore to reach Rs 15,74,052.03 crore. The m-cap of RIL went past Rs 16 lakh crore mark in intra-day trade on Thursday following a rally in its share price. The valuation of Infosys jumped Rs 30,605.08 crore to Rs 7,48,032.17 crore. Bajaj Finance added Rs 22,173.04 crore to its market valuation to Rs 4,70,465.58 crore and Tata Consultancy Services Rs 15,110.63 crore to Rs 14,32,013.76 crore.

The government is already managing loss-making telecom firms BSNL and MTNL which are yet to post profit after a relief package of around Rs 69,000 crore granted to them in October 2019.

"To say the market is at an all-time high is a very misleading statement. The value of the Sensex or the Nifty is an indicator of the performance of our investments and as such should not be a barometer to deploy or redeem investments. Ultimately, when one buys equity either directly or through mutual funds, one participates in the earnings of a company or portfolio."

This month we had some good news too for BTC, El Salvador started building an infrastructure which would facilitate the BTC as legal tender. UAE is leading the crypto wonder with trading in Dubai free zones approved by the regulators and even Ukraine adopted laws which will make movement and usage of cryptocurrency easier.

In the last week, the U.S. Federal Reserve signaled it will start paring its massive bond-buying as soon as November and the Bank of England hinted for the first time that it may raise interest rates this year. Norway became the first developed economy to hike and borrowing costs were also increased in Brazil, Paraguay, Hungary and Pakistan.

The opening up of NFTs as another digital asset class is an amazing development. On one hand, it is unlocking economic assets and their uses, and on the other hand, it is enabling access to such assets that otherwise had a price barrier to affordability.

There is not much economic data that will be released during the week but the market may be volatile due to monthly expiry. The IPO mart will also keep buzzing. Auto sales data and FII flows will also be on the radar.

"While we welcome and appreciate the new EV policies being introduced by state governments to strengthen the demand for EVs, via attractive subsidy and incentive schemes, there are bigger challenges related to investments. We are contemplating on factors like pricing, performance, and infrastructure before we roll out any products for the Indian market," Yamaha Motor India Chairman Motofumi Shitara told PTI.