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The appeal of changing money into TerraUSD, a stablecoin that promised 1:1 convertibility into dollars, lay in the near-20% yield on TerraUSD deposits. Withdrawal of funds from Anchor Protocol, the main DeFi lending application on the blockchain, crushed the coin, as well as Luna, its sister asset.

“Historically, Tesla has traded at valuations 1.5-2x that of SONA. However, in recent times, likely led by concerns on inflation and subsequent monetary tightening, Tesla’s stock has seen significant multiple derating,” Ambit’s analyst Karan Kokane said.

Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2244.12 Crore) operating in Building Materials sector.

Promoters held 60.51 per cent stake in the company as of 31-Mar-2022, while FII and DII ownership stood at 11.28 per cent and 0.86 per cent, respectively.

According to the company management, the net proceeds will be utilized towards expanding its retail business by opening up to 130 exclusive brand outlets.

Financial prudence calls for being emergency ready and Covid-19 heightened the importance of having a sizeable emergency corpus. The corpus should be equivalent to at least a year’s expense.

“A risk-off trade at play and now what really will generate significant value is the capitulation pace where those investors who are still holding on in the hope that there will be a turnaround for people will basically to come to the market and sell. That is the set up of this market as we stand.”

Stocks that were in focus included names like Hindustan Copper which fell more than 9 per cent, Minda Industries which fell more than a per cent, and Tata Power which closed with losses of over 7 per cent on Monday.

"The asset allocation strategy is to be linked to the risk profile of the individual. However, in the case of a moderately aggressive risk profile or investor, at the current market levels, equities may be around 60 % and the rest in very short-term debt with an option to re-deploy another 20 % of very short debt into equity over the next two to three months."

“Industrials, capital goods, engineering, real estate and real estate ancillaries, auto and auto ancillaries are the spaces where prices are still reasonable. The market can go up and down in the next two-three months. In the next couple of months, things may be difficult but for the Indian economy, the numbers look very solid.”