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“Nifty’s biggest support is seen at 15,363 and below the same one can expect a waterfall of selling. The major hurdle is seen at 15,807 and then all eyes will be on the 16,157 mark. We suspect Bank Nifty to outperform Nifty in next week’s trade.”

Keeping the safeguard of 15,500 at downside and 15,950 upside, we feel traders can short straddle of 15,700 Call and Put and buy strangle of 15,400 Put and 16000 Call. Traders will be in profit if Nifty remains or expires between the given safeguard levels. Maximum profit for the strategy would be 11,040 while maximum loss would be 8,955.

Several sectors remained attractive to investors, including FMCG, IT, pharma, financial services, etc. Some of the top countries from where equity inflows were recorded were Singapore ($11.69 billion), the US ($7.52 billion) and Mauritius, apart from the UK, Cayman Islands, and Netherlands.

“Globally, investors will keenly analyse the US quarterly GDP growth rate numbers. The USA would officially enter into a recession if they post negative growth and thus this could have a spill-over effect on global markets,” said Yesha Shah, Head of Equity Research, Samco Securities.

This indicates that while the US dollar has appreciated by about 14 per cent compared to other global currencies, it is up by only 7 per cent against the rupee.As a result, the Indian rupee has outperformed other currencies in the broader international market.

After a downside correction, the price of Bitcoin settled above $20,000 level again. However, BTC is still facing several obstacles on the upside, starting with $20,500. The first significant resistance is near $21,000.On the downside, initial support is near the $20,000 level. The next major support is towards the $19,500 zone, below which the price could gain bearish momentum.

The modern global economy is a complex structure made up of businesses that no longer work in silos. Most companies today have operations across multiple geographies that cater to customers across time zones and continents.

“The CNX Smallcap Index tends to decline by 25-35% whereas individual stocks can correct by 30-70% in the corrective phase. Thus, it would be better to reduce exposure in speculative stocks with weak fundamentals in case of bounce back.”

FPIs inflow will only resume once there is visibility on the peak of bond yields in the US and an end to Fed rate hikes, he added.Moreover, FPIs are likely to sell more if the current trend of rising dollar and bond yields persists, said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

The board will also consider raising funds through a qualified institutional placement method, it added.HCL is a public sector undertaking under the administrative control of the Ministry of Mines.