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Data compiled from corporate database AceEquity suggests that there have been at least six instances in the last 15 years, where the BSE Sensex has delivered more than 5 per cent return in July. The index delivered over 1 per cent return in nine instances and positive returns in 11 instances.

Talking about the seeds business, it said that the demand for cotton seeds was impacted due to the delayed monsoon in Maharashtra, impacting sowing activities and increasing usage of illegal BTcotton seeds. Liquidation of inventories was seen in North India because of better rainfall. However, it remained slow.

However, if the market corrects further then a gradual increase in allocation towards equities should be done at lower levels which would be beneficial in the long term. So this should not be a one-time activity, but investors should review the markets from time-to time and accordingly make necessary changes.

The aggregate FPI equity assets stood at Rs 41.5 lakh crore as of June 15, which translated into a 17 per cent holding of aggregate listed Indian equities (Rs 245 lakh crore and is a dip of around 300 basis points from the March 2021 level of 20 per cent).

The government of India has increased the import duty on the yellow metal to 12.5 per cent from 7.5 per cent earlier, which means the gold companies will have to pay more to import the yellow metal.

As of 31-Mar-2022, promoters held 43.49 per cent stake in the company, while FIIs held 35.03 per cent and domestic institutional investors had 2.18 per cent.

“Whatever the windfall profits that the company has been making out of an exceptional situation, if some part of that particular profit is taxed, it does not take away the larger part of Reliance’s growth story. Though the market is reasonably reactive to negative news, I do not think the investor should be worry about that part because the business condition remains extremely buoyant for Reliance.”

The Nikkei share average fell 1.73% to 25,935.62, its lowest finish since June 20, after rising as much as 0.5% earlier in the day. For the week, the index fell 2.1%.The broader Topix lost 1.38% to 1,845.04 and posted a 1.1% weekly loss.

It is okay not to know because the world is unpredictable. So why should we act as if we can predict the future? We are not astrologers and even astrologers go wrong, so why should I behave as if I know everything about the future,” he told ETMarkets in an interview

The Relative Strength Index of the stock stood at 64.66 on Friday.