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Prices also started the new week on a weaker note as fresh COVID-19 curbs in the top consumer, China, clouded demand outlook, while a stronger dollar added to the downbeat mood.

With the financial services sector performing well in the recent past, and indicating a potentially sharp upside over the long term, as a savvy investor, you may consider moving beyond banking stocks and stepping up your portfolio by building positions in these financial services heavyweights.

The trading range of the index also widened a bit as it oscillated in the 401.55-point range while staying a whisker away from its lifetime high. Following strong moves in the last two sessions, the headline index Nifty ended with a net gain of 205.1 points (+1.12%).

For 32 years if someone can predict the bottom every month, surely his portfolio should be multiple times that of someone who just invests on the 1st of every month. After all, we hear so much about compounding.

"I would look at IT very closely. If your fundamental thesis is that it is not a very sharp slowdown in the global economy, our IT sector which is down about 20% year-to-date, might come back much better. So, I would start taking some positions in IT as a contrarian bet."

SEBI had given Oyo the permission to submit updated financials before it examined and finally processed the company’s IPO application.

The regulator asked Paytm Payments Services Ltd, a 100% subsidiary of One 97 Communications, to reapply after getting the necessary approvals for foreign direct investment in the company to comply with existing rules, the company said in a notification to stock exchanges on Saturday.

Nonetheless, Zhao said he expected the industry to recover. "(This year) was a very nasty year, the last two months too much has happened. I think now we see the industry is healthier... just because FTX happened it does not mean that every other business is bad," he said.

A few weeks ago, the crypto exchange company began by sharing wallet addresses for cryptocurrency assets worth billions of dollars. The company demonstrated with this action that it does own a lot of assets and is capable of processing a ton of withdrawals, the report said.

Household spending increases due to cheaper consumer financing. Similarly, higher government & private CAPEX improves the economic outlook, leading to a re-rating in stock market valuation.