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Just like one would start assessing the viability of any business idea, the evaluation of an IPO-bound company begins with understanding the products/services offered by the business, the competitive landscape, and the growth prospects of the business.

MSCI has added four stocks to its Global Standard index, namely Tata Elxsi, Adani Power, Jindal Steel & Power and AU Small Finance Bank. Tata Elxsi is likely to see flows of $188 million, followed by $150 million each in Adani Power and Jindal Steel & Power, Edelweiss said in a note.

​The consolidated revenue for the food & grocery retailer rose 18.53 per cent YoY to Rs 8,786 crore in the March quarter compared with Rs 7,412 crore in the corresponding quarter last year.

"We have been oversold for some time now, and around that area, we are continuing to see selling pressure on any bouncebacks. But if you look at the markets globally, we saw a good recovery. So, we are setting off for a big bounce going forward."

The trading range remained more or less similar to the week preceding week. Against the trading range of 790 points in the previous week, this week saw Nifty50 oscillating in a 668.80 -point range. As the bearish undertone refused to go away, the 50-pack index eventlly ending up with a net loss of 629.10 points or 3.83 per cent for the week.

With the recent fall, gold is nearly 12% lower than the highs set in early March this year in response to Russia’s invasion of Ukraine. In comparison, the Reuters CRB commodities index has corrected nearly 6% from the 2012 high set last month. As against this, the MRCI World equity index has fallen nearly 20% from the highs set in January.

Markets have witnessed many such falls in the past. When the tides are low, it takes down all the ships. Such a scenario triggers panic among investors, who forget this could in fact be the best time to accumulate stocks.

If markets are to reverse strongly, key triggers will be needed which in the current context could be the quick easing of inflation and a pause on the aggressiveness of interest rate hikes. Currently, there are no visible signs of such turning points. Therefore, it is unlikely that the markets are bottoming out.

“The “new-age” investors, it appears, are increasing the retail’s share in Options trading in the largecap space, a domain erstwhile dominated by institutional investors. As Options and Futures are usually margin funded, retail leverage should be increasing, as the data of the last few quarters shows,” IDFC Mutual Fund said.

John Kingham is the managing editor of UK Value Investor, an investment newsletter for defensive value investors which he began publishing in 2011 after leaving the computer software industry.