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The Dow Jones Industrial Average dropped 600 points, or 1.9% after it posted its worst week since January. The S&P 500 fell 2.4% and the Nasdaq Composite tumbled 2.8%.

“This market needs to get somewhere close to 14,000 before we can think of the bull market that started in March 2020 resumeing. So until that point, more pains are ahead but we will have an intermediate bounce one more time which will be a little bigger than what we saw between May and June.”

WTI crude futures jumped above $120 per barrel on Monday after Saudi Arabia sharply raised prices for its crude sales in July highlighting tight global supplies.

These are truly testing times for crypto investors as global concerns over inflation, increasing interest rates and a strengthening dollar have impacted the altcoin market," he said.Not only them, other major altcoins have lost over 90 per cent of their value from their respective peaks. Solana, Polkadot, Avalanche, Axie Infinity and Polygon are some of the key inclusions in this wealth eroders’ list.

Bitcoin faced yet another significant correction, falling sharply below $25,000, the lowest in over a year and a half, said WazirX Trade Desk months.Bitcoin has been moving in tandem with the riskier asset class, alike equities. If the crypto markets can move away from being correlated to the traditional markets, it would be a highly optimistic signal, said experts.

The Nifty Realty index was trading 2.68 per cent down at 389.7.

Many investors were baffled why for a capacity coming online only in 2025, cement stocks were getting hammered today! But therein lies the resolution of two questions that have been unanswered for more than a decade now.One, if companies can create capacities under USD80 per ton, why are strategic investors willing to pay twice that?

“Cycles have become shorter and we need to acknowledge that. Also, in the last 24 months, market was for masses, the next 12 months market will be for classes which means that it will be a stock pickers’ market. One needs to make sure that there is a bottom-up strategy along with it.”

“Our debt will come down by about Rs 1,000 crore in the current financial year. We have a domestic borrowing of Rs 1,000 crore which we have taken for the Numaligarh Refinery additional equity acquisition which most likely we will be liquidating in the current year. Apart from that, there are no plans of any further debt raising at this point of time.”

Sebi further clarified that the manager of an AIF is not exempted from obtaining registrations under the PMS (portfolio management service) rules to provide investment management services to the offshore fund in Ireland.