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We can clearly see post the buyback announcement at TCS happened there was a huge move on the downside and then a recovery back. So I think it is time that TCS, Infosys both will consolidate, said Kyal.

The weekly options data show high call writing activities between 17,800-18,000 levels. This means that there are very little chances of Nifty moving past this zone in the next week. The downsides too may be limited; Nifty is likely to continue to stay in a defined consolidation range.

Gibson said a major mistake made by most investors is that they try to call every market turn which is a tactic that has very little chance of success as not only is there a tendency to lose perspective in attempting to call every trend reversal, but also investors invariably exhaust their objectivity and ultimately lose touch with the market.

Amid the multi-year surge in global commodity prices and the threat of funds returning to the US, analysts and money managers believe that banks and financial sector companies are going to be the key drivers when it comes to Jan-March corporate profits.

Clearly, the priorities have changed, inflation risks emanating from global factors took the centre stage from earlier pro-growth supportive policy.

The policy has clearly shifted gear from being dovish to a more hawkish guidance and undertone. The accommodative stance is now geared towards being withdrawn to ensure inflation remains within target.

Drugmakers AbbVie Inc., Pfizer Inc. and Eli Lilly & Co. as well as the largest U.S. health insurer, UnitedHealth Group Inc., all gained more than 6% over the past five days. With the exception of Pfizer, they also reached record highs, though valuations still trail the broader market.

The MPC while reiterating its accommodative stance has also rephrased with focus on withdrawal of accommodation as it ensures inflation remains in target with continuous support to growth.

Alex Kriete, Greg Girasole and Frank Cavallo are seeking to raise $100 million for a pair of actively managed hedge funds that will focus on digital assets, the three said in interviews. They are each founding partners of Motus, the Latin term that’s the origin of the word “motor.”

RBI, however, said the penalties are based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by them with their respective customers.