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"A pipeline of four products at various stages of clinical trials should sustain healthy momentum in its speciality business over the medium-to-long term. The expansion of its field force is on track for the India business and Sun Pharma should continue to see market share gains," said CLSA.

Traders currently price about 31% probability that the Fed will keep its current 75 basis-point pace of rate hikes at its next meeting on Sept. 21, with 69% odds for a smaller half point increase.

The Nifty extended its gains during the monthly settlement and closed the week near 17100 levels. The aggressive short covering from FIIs and rebound in global markets helped Nifty to gain almost 7% during the July series which is its first positive series since March. While midcap and small cap indices relatively underperformed this week

Investing in volatile market is a challenging task. But what needs to be remembered is that equities are vehicles of long-term growth and consistently investing in equities can help potentially generate significant long-term returns. Further, India remains a bright spot among the developing markets and equity markets will likely benefit from this over the long-term. However, making the right investment choices is never easy.

The world is worried about the long-standing inflation brought by pandemic and lately by the Russia-Ukraine war. Initially, the economist presumed that the rising price level is temporary in anticipation of low demand, given the fragile state of the economy due to public restriction. But, as a domino effect, demand started to fetch much higher than expected

However, in stark contrast to the traditional method of buying equity for the long term, short-term equity trading can be extremely beneficial for day or positional traders who use the implied volatility and associated price action to generate profits.For long-term investors, volatility-induced market dips can be used to increase allocation in beaten-down stocks, only to sell the additional shares at higher levels while still maintaining the original positions.

"Also, earnings story still remains strong where sturdy revenue growth is offsetting contraction in profit margins," he added.According to data with depositories, FPIs infused a net amount of Rs 4,989 crore in Indian equities in July. They were buyers for nine days in the month.

The CBT approved face authentication technology for digital life certificates, cleared a new central payment system for pensioners, and proposed a detailed legal framework to minimise litigation, they said.

Sources said that the raids which commenced on Saturday included questioning of Joshi and the brokers in the said case. These sources added that the IT action is based on the information shared by SEBI.

Gold is generally considered a safe investment during economic and political uncertainties. Last year, when the global economic situation became dire due to the Covid-19 pandemic, investors rushed into the safety of gold which saw prices rise to multi-year highs. An all-time low Indian rupee and a hike in custom duty on gold have kept domestic prices somewhat in check from a steeper fall.