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The private lender’s December quarter results had disappointed Street on the fee income front and, thus, fee income would be a key parameter to monitor this Saturday. Besides, one would also watch out for any commentary on the credit card segment and update on the proposed merger of HDFC with self.

While this week saw the hottest readings on inflation in four decades, it also featured conspicuous signs of resilience, including a bounce on Wednesday that pushed the S&P 500 up the most since last month. Two-year Treasury yields eased in three of four sessions, while industrial stocks held firm and volatility benchmarks were unmoved.

"Metals space especially Hindalco and Tata Steel are looking weak whereas largecap banking names barring HDFC Bank are showing signs of strength. Mid and small-cap space has not shown signs of any major weakness now and stock-specific action has been the name of the game. However, for the short-term investors, a big exposure in the space can be avoided as of now."

In one of the largest decentralised finance (DeFi) breaches yet, hackers stole cryptocurrencies worth $625 million from Ronin in March. The Blockchain platform and Axie Infinity operator Sky Mavis admitted the security breach, saying that 173,600 Ethereum and 25.5M USDC (a cryptocurrency pegged to the US dollar) were drained from the Ronin bridge in two transactions.

According to sources familiar with the contents of the lawsuit, SAIL has accused Jaiprakash Associates of pledging shares of Bhilai Jaypee Cement without its authorisation to Yes Bank for loans that were obtained by other Jaypee Group companies.

If Musk chooses, he may be able to turn Twitter into a so-called meme stock. Last year firms like AMC Entertainment Holdings Inc. and GameStop exploded, after retail investors flooded social media forums, causing shares to go haywire. And Twitter is arguably the meme-ish of all stocks. It’s where most of them are made.

Though they’ll be sitting opposite each other in any negotiations, Morgan Stanley and Goldman each have a relationship with Musk that stretches back more than a decade. Both New York-based investment banks underwrote Tesla’s 2010 initial public offering: Goldman got the coveted lead left role, while Morgan Stanley was listed second on the prospectus.

Amidst rising inflows into equity funds, fund managers bet on the ‘re-opening trade’, buying shares of airlines, hotels, malls, entertainment and logistics. Prominent companies such as Indian Hotels, KPR Mill, V-Mart Retail, Sundaram Finance, Bharat Forge, PVR, and Barbeque-Nation Hospitality have been bought by fund managers of leading fund houses for their March 2022 portfolio.

“One should not overpay or invest based on hype or the latest fad in the market. Also, one has to figure out companies where the spending is more discretionary as the impact will come on both demand and margin because of inflation. This includes companies which are in consumer discretionary.”

“ITC’s hotel business will pick up because of the unlock. Its FMCG business is in a steady state of growth. The cigarette volumes are doing fine and the gross margins of the cigarette business is some 80% odd. One knows all the levers of the company in terms of where the additional growth surprise is going to come from.”