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“ICICI Bank reported strong robust operating performance and that was a combination of the core PPOP performance, control provisions and improving asset quality. The business loan book growth was at 17%, mainly led by the retail which grew about 18%. The bank enjoys the lowest funding cost among private banks and which enables it to grow that business especially in the retail segment. So ICICI Bank at around Rs 760 is a good valuation attractive stock for retail investors to look at.”

NEW DELHI: It was a disappointing week for bulls on D-Street since every attempt made by the market to recover went in vain. Until the first half of Friday’s session, the benchmark index was doing well and almost reclaimed the 17,400 mark. However, a sharp selloff during the fag end of the session forced the index to nosedive almost 300 points from the day’s high to close near 17,100 mark.“For the coming week, we maintain our stance that till the time the support of 16,825 is held, we can expect some relief pullback in the market. On the other hand, the market would be out of the woods only above 17,400 mark since we are witnessing a death crossover of moving averages on the daily time frame of Nifty,” said Mehul Kothari, AVP - Technical Research, Anand Rathi Shares & Stock Brokers.

Shares of Ruchi Soya gained 14 per cent last week amid its bid to change its name to Patanjali Foods and oil export ban from Indonesia. Most happy, perhaps, were those investors who got shares during the company’s recent FPO.

"Even descent results are going unnoticed. Take the Infosys and Axis Bank results where the outlook going forward is bullish, but the stocks are down. The markets will be range-bound between 16k to 17.5k Nifty levels."

The NFT interest based on sales and the number of unique buyers had skyrocketed in January of this year. However the interest has started to drop.

The tax department is sure to question the sharp drop in the valuation of these virtual digital assets, tax experts said. The department would scrutinise NFT transactions on suspicion that some of the money may have been accepted in cash to reduce the tax outgo.

Buffett said Berkshire, long faulted for holding too much cash, boosted its combined stakes in oil company Chevron Corp and "Call of Duty" game maker Activision Blizzard Inc nearly six-fold to more than $31 billion.

Charlie Munger, who is 98, said the stock market has become “almost a mania of speculation.” He alluded to the fact that more people are trading today than ever. Even computers are trading against other computers, he emphasized.

Buffett, 91, has run Berkshire since 1965.

Bankers and lawyers said the latest move is aimed at making more attractive for institutional investors to participate in the LIC share sale.