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The emerging market crisis follows a very familiar pattern. In times of high liquidity cycle (while the Fed is easing), the money supply is abundant and reaches far-away shores to seduce the usual EM suspects to go for an overdrive on consumption-driven growth with borrowed capital.

In this interview with ETMarkets on the sidelines of the Traders Carnival, Bangalore’s star trader Sivakumar Jayachandran explains the key fundamental principles that help him make money within a small window of just 3-5 minutes as an option scalper.

Gold holdings with SPDR ETF slipped to fresh January lows last week, showing that investors are not confident about recent price gains. Gold is also challenged by concerns about consumer demand in India and China.

From the options space, we are witnessing continued Put writing at ATM and OTM strikes with 17,400 Put holding the major open interest. Call writers continue to remain under pressure and the maximum Call base remained at 17,500. Closure among these options is likely to take Nifty towards 17,800 levels. On downsides, we remain positive with stop loss near 17,200 levels.

Here we may feel that RBI is controlling the financial and interest rate of India. Otherwise, it serves as an intellectual intermediary of a growing democratic economy. RBI must balance the mood of the world’s financial market, domestic economy position, managing govt’s financial needs, and strength of INR. The monetary strength of a country depends on the efficacy of a central bank else it has a dire impact on the outlook of the country, currency, inflation, and interest rate.

The Reserve Bank of India (RBI) has chosen to again front-load the rate hikes to tackle the elevated inflation levels which would remain above the upper tolerance level of six per cent till at least Q3FY23.A move to hike interest rates by 50bps highlights the urgency to move closer to the neutral policy rate especially when the external environment remains uncertain.

In my view, RBI has front-loaded the increase to aggressively target inflation and manage the currency. With this increase, the rates are back around the pre-pandemic levels. Post this announcement, as expected, the currency reacted positively. Surely, some of the RBI objectives are fulfilled.

Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer, where parts shortages and higher used vehicle prices boosted accident claims.Rising interest rates and dividend payouts helped insurance businesses generate more money from investments, while the strengthening U.S. dollar boosted profit from European and Japanese debt investments.

“We will have to keep a watch on the China-Taiwan developments, but I do not think there will be that much of an impact. By September, the chip issue should be sorted out reasonably. Production is happening all over the world and is not necessarily confined to Taiwan only now.”

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala held a 5.05 per cent stake in the June quarter, which was worth Rs 10,911.30 crore, as per Trendlyne.Emkay Global said Titan reported an 8 per cent beat to its Ebitda estimates. "Ex-bullion sales, consolidated Ebitda margin at 13.2 per cent was 200 bps higher than pre-Covid levels, led by operating leverage, exit from loss-making ventures and 80 bps one-off," it said.