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Chauhan will also need to steer the long-pending public offer of shares at the National Stock Exchange (NSE), where he was part of the founding team but left it in 2000, for various roles at Reliance Industries group, before returning to the stock exchange arena as deputy CEO of the BSE in 2009 and then as CEO in 2012.

According to data with depositories, FPIs invested a net amount of Rs 1,099 crore in Indian equities during July 1-22. They have significantly slowed down their relentless selling and have even turned buyers for several days this month particularly during the last few days.

Besides FII flows, US FOMC outcome, movement in the rupee-dollar trade, crude oil price trajectory and the scheduled expiry of July month derivatives contracts will keep the participants busy this week. Here’s breaking down the key triggers to track

Axis Bank, Tata Steel, Tech Mahindra, Macrotech Developers, Canara Bank, Glaxo, KPIT Tech, Tanla Platforms, IEX, Century Textiles, Anupam Rasayan, Tejas Networks.

This amount is more than what they bought between 2009 and 2021 (net purchases). Various reasons, such as the Russia-Ukraine war, lockdowns across major Chinese cities, increasing inflation across India and the US, recessionary concerns in developed countries, and hike in interest rates by the Fed, led to the stock market’s decline causing tremendous volatility in the stock market.

For the last three sessions, the index is hovering near this upper channel line, which is inching higher as it is an upward sloping line. So, the benchmark index is now trading close to its short-term target of 16,800.

"We also need to distinguish between whether you made money because of luck or because of skill -- that it is very important to understand. At times where we lose money but at the end of the day, there was nothing wrong with the process just that something happened in the future after we bought the stock. It was nothing to do with your skill but more to do with your luck. "

“Reliance will probably pull the Nifty up next week and HDFC and HDFC Bank will probably push it down as the merger numbers come out and the ratios and stuff get decided. That is my thought on a micro level. People like Kotak Bank, which is also going to benefit because they will get the overflow from the HDFC and HDFC Bank merger.”

One hears of people either waiting for the bottom or until things settle, before investing. However, in the case of the former, the market doesn’t always give you a clear indication of where the bottom is and it sometimes just zips up, leaving the prospective investor unsure of his next move and whether it will fall again or whether the bottom has already been hit.

Meanwhile, a survey on Friday showed that U.S. business activity contracted for the first time in nearly two years in July, deepening concerns about an economy stunted by high inflation, rising interest rates and dwindling consumer confidence.