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“Some correction had to happen in midcaps that is what we are seeing right now. Post this correction, good quality midcaps should start doing very well and will give good returns over the next one year.”

In the coming week, the market expects the release of key economic data such as Q1 GDP growth rate and Manufacturing & Service PMI. The Q1 GDP is expected to show a sharp growth owing to a low base and recovery in economic activities towards the end of the quarter. Two IPOs will also keep the primary market buzzing.

“We will continue to see volatility in the metal stocks, especially steel, after a fantastic runup. More runup left in midcap indices in next couple of quarters ”

Tech companies from India, South Korea and Southeast Asia have raised $8 billion from first-time share sales this year, already blowing past the previous annual peak. The tally is poised to get bigger with planned listings by companies including Indian fintech giant Paytm and Indonesian internet conglomerate GoTo. Investors are already boosting exposure to markets outside China, with some buying into IPOs from countries like India and Indonesia for the first time.

The yield curve just posted its first week of steepening since July, rebounding from its flattest level in a year after a highly anticipated speech by Federal Reserve Chair Jerome Powell. He stressed that the central bank could start slowing its debt purchases in 2021, though it won’t rush to begin raising rates thereafter.

On the progress towards Fed’s objectives of greater than 2% inflation and maximum employment, the expressions were far emphatic than earlier; he confirmed that conditions of “substantial further progress” towards meeting these goals have been met.

Current reports suggest that the San Francisco based company will partner up with ​Equitas Small Finance Bank for the deposits. Other banks are expected to join too, with Ujjivan Small Finance Bank and AU Small Finance Bank rumoured to be next in line.

Pattern analysis showed after staging a breakout above the 15,900-15,950 levels, Nifty has extended its upward move with some rangebound consolidation in between. While there is still some room on the upside, the 16,350-16,400 zone will act as immediate short-term support for the index.

​The scheme was launched by the government in 2015 with an intention to put the idle gold stored by individuals in their homes and bank lockers to productive use. However, the scheme did not find many takers -one of the main reasons being what happens to the gold you deposit with the bank.

Every business should have working capital to sustain the functions of the company, pay its employees and grow in the market. Insurance helps in case of unprecedented financial risks and are usually mitigated with insurance coverage.