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In its May 4 meeting, Fed had raised short-term interest rates by 50 basis points to a target range between 0.75 per cent and 1 per cent. The increase followed a 25 basis point hike in March 2022.

Explaining the uniqueness of his PMS in the already-crowded market of wealth management for India’s richie rich, Kamath said they will have the capability to invest in commodities and ultra-conservative products like G-Secs and will also manage time-varying risk profiles via derivatives

Larsen & Toubro Ltd., incorporated in the year 1946, is a Large Cap company (having a market cap of Rs 217123.04 Crore) operating in Construction sector.

The stock quoted a 52-week high price of Rs 1012.9 and low of Rs 511.8.

Crypto assets, led by bitcoin, have been the talk of the town lately due to various reasons. Recently, the total market capitalization of the asset class dropped below $1 trillion.

A total of 2,301 shares changed hands on the counter till 01:29PM (IST)

Dr VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said as globally markets are highly integrated, the largest market, US, sets the trend and others follow.

"The next few months would offer a good opportunity to the long-term investor to buy Indian equities at reasonable values and where most of the uncertainties seem to be priced. The best opportunity to invest in Indian markets is around times when FPI is a large seller. The large local flows are actually extremely welcome because that tells us that equities are becoming a core asset class," Jain said.

NOCIL rose from Rs 44.70 recorded on 24 March 2020 on the BSE to Rs 252.80 registered on 13 June 2022. The steep price rise effectively translates into an upside of more than 463 per cent.

Promoters held 26.45 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 53.88 per cent and 5.3 per cent, respectively.