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“Whilst supplies are tight, the expectation of less demand in the future due to economic slowdown are offsetting tight supplies at the moment. I am expecting oil prices to stay flat to down but not that much because the tight supplies are going to underpin oil prices going forward. We are not going to $40 oil for some time.”

Most of the technical indicators are in a buy mode. Additionally, it gave a breakout from 70-week consolidation which auger well for the bulls. On the price front, the stock price is trading above most of the crucial short- and long-term moving averages such as 5,10,30,50,100, and 200-DMA which is a positive sign for the bulls.

YES Bank Ltd., incorporated in the year 2003, is a banking company (having a market cap of Rs 41716.54 Crore).

However, brokerages have remained bullish on Nykaa with 11 out of 16 analysts covering the stock recommending it a buy. The average price target signals an upside potential of about 47%, shows Trendlyne data.

The shares have corrected 9% in a week, but this is after the stellar gains it made earlier in the month. Net-net, so far in November, the stock has given positive returns of about 3%. On Tuesday, shares were down 0.6% at Rs 63.90 on the National Stock Exchange.

The global cryptocurrency market cap was trading marginally lower around $790 billion, dropping less than a per cent in the last 24 hours. However, the total trading volume jumped almost 19% to $66.2 billion.

UCO Bank has appointed Rajendra Kumar Saboo, Chief General Manager, Punjab National Bank as Executive Director for a period of three years with effect from the date of the assumption of office or until further orders.

The Nifty Bank index was trading 0.1 per cent up at 42390.25.

"International investments should play as part of an investor’s portfolio allocations with a structural perspective to benefit from geographic diversification. Typical offerings include liquid ETFs and even direct equities though diversification needs to be done appropriately at sector and geography levels also. Thematic ETFs are much more readily available and can be a part of one’s offshore tactical allocations too."

“SBI and other larger banks have actually been in the forefront and the other banks are actually catching up. The point is whether this cycle will sustain or not is something that we will have to see especially given the context that 80% of Indian companies excluding the banking sector were actually seeing contraction in operating profits that could be translating into high credit demand.”