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"As far as the rupee is concerned, broader dollar strength is also not impacting the currency and RBI continues to actively intervene to curtail the volatility. We expect the USDINR pair to trade with a positive bias and is headed towards 79.00-79.50 in the short term as long as 77 is held on the downside."

Inflation is simply a rise in the prices of goods and services. It is increasing day by day, and so is your cost of living. As per the government data, it’s 7.79 per cent which is calculated considering the basic needs of an individual.First, it’s important to understand what inflation is.

“I will keep pharma and IT on radar. IT is looking more promising than pharma so on a ranking scale, IT first and then pharma next but pharma needs to confirm from a market perspective on the price charts that it is reversing from there. Nifty Smallcap is nearing support at about 8,200. If it tries to hold then we can explore possibilities out there but that will be just a trading play and not an investment play.”

“A sharp downgrade of growth estimates by the US Fed cannot be bullish for Indian technology companies. Demand has to moderate. Be careful buying the sector just because the stocks are near 52-week lows,” independent market expert Sandip Sabharwal said.

Gold futures on MCX were trading lower, easing about 0.10 per cent or Rs 52 to Rs 50,934 per 10 grams. Meanwhile, silver futures dropped close to 0.21 per cent or Rs 128 at Rs 61,399 per kg.

“RIL’s AGM tends to be announcement-heavy, and expectations run high in the run-up to the AGM (like the last three), and this year they centre on concrete timelines being announced for IPOs of the consumer business,” the brokerage said in a report released on Wednesday. “We do not expect any concrete timelines from this year’s AGM on the consumer businesses IPOs (Jio and Reliance Retail),” it said.

“The 8.7% growth must be taken with a pinch of salt. It comes on the back of a contraction in previous fiscal going forward growth as we are nowhere near our potential. It will be perhaps stagnant to that extent. Stagflation is the combination of stagnant growth and high inflation. We could very well be there before the end of the next fiscal.”

Meanwhile, an RBI article has said India is better placed than many other countries to avoid the risks of potential stagflation with recovery broadly on track, notwithstanding an increasingly hostile external environment.

These strategies are at a nascent stage in India but they are getting investors’ attention, says Mumbai-based Vaibhav Sanghavi, who was among the first few fund managers to venture into hedge funds.

Steel Authority of India (SAIL) Ltd., incorporated in the year 1973, is a Large Cap company (having a market cap of Rs 28128.88 Crore) operating in Metals - Ferrous sector.