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“Nykaa can be looked into on booking profits at higher levels. I expect the prices to move up slightly higher because of the deal going through but sans any kind of cash flows coming through, I believe the stock will eventually come off. It is only a bear market rally.”

Upbeat US retail sales data for October and hawkish comments from the Fed officials over the rate hike trajectory dented the market sentiments. Back home, domestic inflation moderated mildly but remained above the RBI’s tolerance level.

“None of us has run a company before and we’d like $100 million by next Tuesday,” Bankman-Fried told David Rubenstein in August about the request. “It was not a very compelling pitch for investors.”

The company, which serves 28 Indian cities, including Bangalore, Hyderabad, Delhi-NCR, Chandigarh, Mumbai, Pune, Chennai and Kolkata, through its online channel, is also looking to have presence through offline retail stores besides expanding its product offerings.

“From a two- to three-year perspective, we are increasing our allocation to IT services. That is one theme which we are playing through. We believe a lot of those midcap IT growth could be higher than what the Street is estimating over the next two to three years and valuations are really attractive.”

“Some consolidation is due and that should happen. I do not think we are out of the woods yet. The slowdown is real and some of it will play out. Some consolidation is there but at the same time, there will be individual opportunities. For the next few quarters, it is a stock pickers’ market.”

SCORES (SEBI Complaints Redressal System) is an online platform designed to help investors lodge their complaints pertaining to the securities market, mainly against listed companies and registered intermediaries. It was made operational in June 2011. All complaints received through SCORES are dealt with in a time-bound manner.

When measured in total value of agricultural production, India is ranked fourth largest in the world. Although we are the second largest food producer in terms of calorie content, only behind China.

Normally October to January is the best period for the markets but I am expecting one more selloff to come in global markets, which will impact us as well.

What we are seeing with OPEC plus is a 2 million barrels a day cut off with interest rates and the way the economic market is going now has really been an intervention