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Indian Oil Corporation Ltd., incorporated in the year 1959, is a Large Cap company (having a market cap of Rs 104355.95 Crore) operating in Gas & Petroleum sector.

A total of 10,076 shares changed hands on the counter till 11:31AM (IST).

The global cryptocurrency market cap was trading at the $900.39 billion mark, gaining more than a per cent in the last 24 hours. However, the total cryptocurrency trading volume zoomed more than 15 per cent to $72.15 billion.

The dollar was little changed against major peers but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of recession.

“Given that we have seen a massive jump in the bond yields especially at the mid end, a potential sound portfolio of fixed income can be created centred around a 3.5-4 years duration bucket. That could be a great strategy for investors to hold on for the next three years.”

"As a part of our strategic and fundamental business realignment, we exited the non-core business such as the cold chain and project transportation business and started focusing on our four core businesses – international supply chain, CFS, express logistics and contract logistics . The acquisition of Swedish logistics company Nordicon Group and the joint venture in South Korea also positively impacted the group’s performance in FY22."

The S&P 500 closed out its worst first-half since 1970 overnight and the Treasury market has taken such a beating in the past six months that Deutsche Bank estimates the performance is the poorest in more than two centuries.

"We believe that equity market returns in India would be moderate this year with a preference to the large-cap segment as compared to the small & midcap space. Investors should not get too deterred by market volatility in the short term and should follow an asset allocation approach (as per their individual risk profile) and continue to systematically invest in equities."

“There are opportunities in three areas. One is auto stocks where headwinds are turning into tailwinds. The second is capital goods companies which do fixed cost projects and which have suffered so much over the last 18 to 24 months. They are in a sweet spot now. The entire reopening trade of multiplexes, luggage companies, hotels etc. also continue to do very well.”

“If you are not prepared to face the bear market, the bull market will not reward you. This is part and parcel and a lot of investors are aware of this thing. I am surprised by the kind of maturity which is there this time around amongst the retail investors.”