Not only large cap funds, but most other equity mutual fund categories faltered in beating their respective benchmarks in the five and seven year horizons. Here's our analysis.

Nifty 50 equal weight index concentrates on sectors like financial services, automobile and automotive components, FMCG, healthcare and IT

The exit load is 0.25% of the applicable NAV, if redeemed on or before 30 days from the date of allotment. The minimum subscription amount is Rs. 5,000 per application and in multiples of Re 1 thereafter.

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TMFs are passively managed open-ended debt mutual funds that track a benchmark bond index with a pre-defined maturity date. To understand better, you can compare these funds to traditional investment avenues such as fixed deposits (FDs).

Liquidity in the banking system has slipped into deficit for the first time in three years. Shrinking liquidity and a pick-up in credit demand are expected to result in short-term interest rates firming up.

The scheme will generate returns by investing in units of Gold and Silver ETFs; the daily weights shall be market driven with the starting (NFO) allocation of 70:30.

Among equity mutual funds category, the large cap category was the worst hit. Around 91% of the schemes underperformed in the seven-year horizon.

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Fund managers believe that RBI can raise rates by 40-50 bps in the upcoming policy. The Fed rate hike has impacted the global equity markets as well as the bond markets.

Federal Reserve Chair Jerome Powell warned that the process of conquering the highest inflation in 40 years will involve some pain.

With this, total inflow has reached to Rs 61,258 crore in the first five months of the current fiscal. This came following an inflow of over Rs 1.24 lakh crore in the 2021-22 financial year.

The Nifty Auto Index is designed to reflect the behavior and performance of the automobile segment of the financial market.

Debt fund managers said that it is the right time to invest in credit risk funds because the valuations and outlook are very positive.

SBI Nifty Midcap 150 Index Fund and SBI Nifty Smallcap 250 Index Fund are open-ended schemes that would replicate the performance of the underlying indices - Nifty Midcap 150 Index and Nifty Smallcap 250 Index, respectively.

“I have been following a not so disciplined asset allocation because of restrictions of my job, but I have diversified myself in equity, real estate, gold and fixed income. I am largely an equity investor but I have exposure in all the asset classes. I am not able to move from one asset class to another as freely as I would have loved because of the restrictions of my job.”

There is always a debate on how much diversification is okay in a mutual fund scheme. Nippon India Small Cap Fund holds 147 stocks and Samir Rachh says it is justifiable.

Investors eyeing visible returns, low expenses and a portfolio of high-quality bonds or government securities are buying target maturity funds.

Navneet Munot and Vetri Subramniam were speaking at the Morningstar Investment Conference, 2022, in Mumbai about sustainable investing.

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Equity strategist Kranthi Bathini of Wealth Mills Securities opines that the impact of Fed meet’s outcome would be relatively less on India. “We are in a better position fundamentally. We never had zero interest rates and no ultra-loose monetary policies to trouble us. Fed rate hikes impact us as well but to a lesser extent,” he said.

Value funds have been doing really well recently. Three value schemes have completed 25 years in the market.

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The Portfolio Doctor assesses the health of the fund portfolio, examines the schemes and their suitability with regard to the goals and, if required, recommends corrective measures. The advice given is based on the performance of the funds, the risk profile of the investor as well as his financial goals.

Given uncertanities, experts suggest avoiding incremental investments in long duration funds or bonds.

The fund has put in a strong showing since 2020 with the fund ranking in the top quartile in its category. The presence of a veteran fund manager at its helm gives comfort for the long term.

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The CPSE ETF has offered 35% returns in the last one year, 16% in 6-months and 11.54% returns in three months. Mutual fund analysts say that this performance may continue for some more time.

Domestic investors lost about Rs 3 lakh crore from their kitty as the total market capitalisation of BSE-listed firms plunged to Rs 285.9 lakh crore from Rs 283 lakh crore during the session

Persistently high inflation increases the pressure on the central bank to hike rates more aggressively, leading to a rise in bond yields and losses for bond holders.

​​​India has slashed the base import prices of gold, palm oil, and crude soya oil, the government said in a statement late on Thursday. Meanwhile, holdings of SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, rose 0.15% to 962.01 tonnes on Thursday from 960.56 tonnes on Wednesday. Spot silver dipped 0.7% to $19.01 per ounce.

The scheme will invest 80 percent of the corpus in equity related securities as per the different business cycles. The portfolio will be focused on a few selected sectors which are likely to do well in a particular business cycle.

In the calendar year 2022, sector funds have seen inflows worth Rs 12,584 crore. This includes net outflows of around Rs 1,266 crore in August.

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According to the fund house, the Nifty 50 Equal Weight Index invests in the top 50 stocks in India based on market capitalization.

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As per Sebi norms, multicap funds are those which have to invest ​25% of their portfolio in each capitalisation category. This means at least 25% each in large-cap companies, midcaps, and smallcap companies.

Out of hundreds of schemes in the Indian mutual fund industry, only 50 have completed 25 years. And out of these 50, there are only five large cap funds. In this article we will examine how these large cap funds have performed over the last 25 years.

The Nifty100 Low Volatility 30 Index follows a disciplined process of assigning a higher weight to less volatile stocks and a lower weight to high volatility stocks.

Smart Beta investing involves stock selection and weighting that is done based on pre-defined factors.

Among them is Sona BLW Precision, a components manufacturer, where domestic fund managers bought an additional 3.62 crore shares to take the MF holding to 11.96 crore shares in August from 8.33 crore shares in July, valuing Rs 1,892 crore. This stock is down 27 per cent year-to-date.

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According to data from Association of Mutual Funds in India, there has also been a reduction in the number of folios with Gold ETF funds. The folios have gone down from 46,42,602 in July to 46,09,726 in August, 2022.

The fund portfolio has expanded but retains large positions in its top bets. It has replicated the fund house’s impressive track record of outperformance within a short span of time, but has seen a dip over the last year. Investors can take comfort in the proven capabilities of its fund manager to steer the fund in the right direction.

Investors must identify the right maturity buckets and align the time horizon of their goals with the fund tenure.

Their remarks followed hawkish comments from other policy makers this week, led by Chair Jerome Powell, that implicitly or explicitly endorsed a third consecutive 75 basis-point increase. Powell had previously said the decision was between that and a half-point increase, depending on the data. Bloomberg

Safeguards to protect retail investors are in order while expanding the reach of MF products. Sebi's extant rules require the sponsor of the MF to hold at least 40% in the AMC, besides having operated in the financial services business for a period of not less than five years. The entity should also have a net worth of ₹50 crore and have posted a net profit in three out of the immediately preceding five years.

Equity funds saw a total inflow of Rs 8,898 crore in July, Rs 15,495 crore seen in June, Rs 18,529 crore in May and Rs 15,890 crore in April.

Dynamic bond funds have the flexibility to change the portfolio positioning as per the evolving market conditions. This makes dynamic bond funds better suited for long-term investors in this volatile macro environment.

While the public sector capex remains at full throttle, green shoots are also visible in private capex. A study of around 4,500 listed companies in India by UBS Research, which account for the bulk of private capex suggest a revival in capex spending for FY22 from the covid-led dip of FY21.

Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.

The Rs 755-crore Harsha Engineers IPO comprises the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via offer for sale (OFS). The price band for the share sale has been fixed at Rs 314-330 apiece.

​Oyo, formally known as Oravel Stays Ltd., filed a fresh round of financial documents with India’s market regulator on Monday as it plans for a stock-market debut after cost cuts and recovery in travel helped it reduce losses.

Divgi is an automotive component entity which has the capability to develop and provide system level transfer case, torque coupler, and Dual Clutch Automatic Transmission (DCT) solutions. It has three manufacturing and assembling facilities located across India.

Omnichannel furniture seller Pepperfry is looking to file its draft initial public offering (IPO) papers with the Securities and Exchange Board of India (Sebi) between October and December, and aims to list on the stock exchanges next year, according to a person aware of the matter."They are looking to file the draft red herring prospectus (DRHP) in the subsequent quarter," the source said, adding that the company would take a final call by November.

“I think IPOs have taken a breather but it will be probably three to six months away from coming back,” Debasish Purohit, co-head of India investment banking at Bank of America, said in a Bloomberg Television interview on Wednesday. Some of last year’s IPO activity has more recently given way to sales of secondary shares, which are quicker and give holders a chance to monetize their stakes, Purohit said.

The trend is eerily familiar to market participants in Hong Kong, which was a hotbed for mysterious moves in tiny stocks before a regulatory crackdown brought new offerings to a virtual halt. As small Chinese companies that might otherwise have listed in Hong Kong turn to the US as an alternative, Network 1 has emerged as one of the most active players in this growing corner of the market.

The Rs 755-crore Harsha Engineers IPO consists of the issuance of fresh equity shares worth Rs 455 crore, whereas existing shareholders and promoters will offload Rs 300 crore from the stake via an offer for sale (OFS).

The company filed draft IPO papers with the capital market watchdog on June 20 this year, after which its received the update an observation letter from the regulator on September 13. Sebi’s observation letter is suggestive of the regulator’s go ahead for the public issue.

According to the draft documents, the company's customer base increased to 25.77 million in FY22 from 14.27 million in the year ago period. The group sold close to 7.76 million policies in FY22, compared to 5.55 million policies in FY21.

In August, the Fairfax Group-backed company filed draft documents for its IPO, looking to raise Rs 1,250 crore from a fresh issue of shares and an offer for sale (OFS) of 109.4 million equity shares.

Oyo and founder Ritesh Agarwal are trying to pull off a successful IPO after a series of setbacks in their efforts to change the hotel and lodging industry. SoftBank Group Corp. founder Masayoshi Son was an early and enthusiastic backer, and the Japanese conglomerate holds about 47% in the Gurgaon-based startup. The 28-year-old Agarwal owns about one third.

This is Inox Green Energy Services' second attempt to go public. In February, the company had filed the Draft Red Herring Prospectus (DRHP) for its proposed IPO with the markets regulator Sebi.

Stock listings in Asia have raised $104 billion this year, accounting for a record 68% of global volume, data compiled by Bloomberg show. By contrast, US IPOs represent just 14% of the $153 billion fetched globally, the lowest ever for what has traditionally been the busiest listings market in the world.

The IPO was a mix of a fresh issue of shares aggregating to ₹455 crore and an offer for sale of up to ₹300 crore. On Tuesday, the company raised ₹226 crore from anchor investors ahead of its public issue by allotting 68.41 lakhs shares to institutions.

Following the announcement, shares of Patanjali Foods, which was earlier known as Ruchi Soya and eventually re-branded following the acquisition by Baba Ramdev-led Patanjali Ayurved, were trading 0.6 per cent higher at Rs 1,351 at 1 pm. The stock has rallied nearly 60 per cent year-to-date.

The company’s initial public offering comprises an offer for the sale of 4 crore equity shares by the promoters and existing investors.The offer for sale comprises up to 1 crore shares by promoter Juneja family, up to 2 crore shares by Capital International, up to 99.65 lakh by Beige, and up to 50,000 equity shares by Link Investment Trust.

Investor roadshows are due to complete this Friday, several sources said, allowing time for senior executives to hold discussions over the weekend before opening the book building process early next week.

The IPO consisted of the fresh issue of 15.8 million shares. The Thoothukudi-based private lender allotted 71,28,000 equity shares to 10 anchor investors ahead of the IPO, raising ₹363.53 crore at ₹510 apiece.

RRB’s planning to make an initial public offering to raise capital must have at least Rs 300 crore of net worth for the previous three years, according to the draft guidelines, issued on Wednesday. They should also have their capital adequacy above the regulatory minimum level of 9%.

The company has reserved 50 per cent of the net offer for qualified institutional buyers (QIBs), whereas non-institutional buyers (NIIs) will get a 15 per cent allocation. Retail bidders will get the remaining 35 per cent allocation.

Incorporated in 1921, Tamilnad Mercantile Bank offers an array of banking and financial services to retail customers, micro, small, and medium enterprises (MSMEs), and more.

"Very much (it is on track). First component is, we wanted to raise Rs 20 crore but we actually raised Rs 23 crore of which Rs 17 crore was through equity and Rs 6 crore by means of CCD (compulsory convertible debenture). Second, we are into private equity raise which is on track right now.

The issue, which kicked off for subscription on Wednesday, September 14, can be subscribed till Friday, September 16. The company will be selling its shares in the range of Rs 314-330 apiece to raise Rs 755 crore via its initial stake sale.

The company is selling its shares in the range of Rs 314-330 apiece. It is offering a discount of Rs 31 per equity share to its eligible employees. The lot size for the issue has been fixed at 45 equity shares.

Navi Technologies was issued the "observation letter" by Sebi on September 5, according to the latest update on the regulator's website.

The operating margin of Harsha is stable and the pressure of higher raw material costs is passed through with a lag of around three months. The company’s return on equity (RoE) improved to 19% in FY22 from 6% in FY20 with increasing capacity utilization and improving product mix with higher diameter cages.

The company's Rs 832 crore primary offering was sold in the range of Rs 500-525 per equity share. The issue had received a muted response from all the categories of investors, subscribing 2.86 times between September 5-7.

In the IPO, 50% of the shares will be reserved for qualified institutional buyers. Non-institutional bidders and retail individual bidders will be allotted 15% and 35%, respectively. Proceeds from the fresh issue of up to Rs 270 crore will be utilised for debt repayment, the company said.

Ahmedabad-based Harsha Engineers has five manufacturing facilities with two facilities at Changodar and one at Moraiya, near Ahmedabad in Gujarat, and one manufacturing unit each at Changshu (China) and Ghimbav Brasov (Romania).It claims to have a 50 per cent market share in the organised segment of the Indian bearing cages market and a 5.2 per cent market

The demand to invest in the Tamil Nadu-based bank hasn’t been deterred by minority shareholders’ objections and various curbs imposed on it. The lender needs permission from a high court to hold annual shareholder meetings and has been restricted by the central bank from opening new locations.

Harsha Engineering offers a diverse suite of precision engineering products across geographies and end-user industries, including automotive, aviation and aerospace, railways, construction, mining, renewable energy, agriculture and more. The company has five manufacturing facilities.

Medical equipment manufacturer Aprameya Engineering has filed preliminary papers with capital markets regulator Sebi to raise funds through an initial public offering.

The IPO will allow Samara Capital an opportunity to dilute its 51% stake in the holding company of More Retail, Witzig Advisory Services. Samara Capital owns the stake through Samara Alternate Investment Fund. The balance 49% in Witzig is owned by Amazon through two entities - Coda Holdings Singapore and Coda Holdings LLC.

Attracting interest from a broad range of investors was important, Blume said, declining to comment on what proportion of Porsche shares Volkswagen plans to offer to retail investors as part of the planned flotation.

As of Thursday, shares of TMB were commanding a premium of Rs 20-25 in the unofficial market, which was Rs 3 a day ago, when the issue closed for subscription. Despite the rise, the premium is still less just five per cent compared to the IPO price.

The public issue was sold in the price band of ₹500-525. The private lender raised ₹363.53 crore on Friday by allotting 71,28,000 shares to 10 anchor investors at ₹510 apiece.

Analysts attribute the listing gains to the company's bright prospects and strong response from investors. "The company will be one of the biggest beneficiaries of the rising air travel in India, and due to its first mover advantage and dominant position in the lounge access market, the company is poised to grow exponentially in the future," aid Santosh Meena, head of research at Swastika Investmart.

The entire money thus raised will be used to retire debt, a statement from the company said on August 30.According to the DRHP, the entire proceeds from the IPO (Initial Public Offering) will also be used to retire debt and post-issue which will be entirely fresh issue of shares, the company will be net debt-free.

Volkswagen triggered a listing of sportscar brand Porsche late on Monday after months of deliberation, but cautioned the move was still subject to developments in capital markets.Some investors criticised the timing for a stock market debut, with European shares on a downward spiral, inflation at record highs and Russia halting gas supply to Europe through the main Nord Stream 1 pipeline.

As per the Technopak report, in FY21, the company had an approximate market share of 14 per cent of the organised market. Other key players that have presence in Andhra Pradesh and Telangana are-- Tanishq, Kalyan Jewellers, Malabar Gold Pvt Ltd, GRT Jewellers and Joyalukkas.

TMB is one of the oldest and leading old private sector banks in India with a history of almost 100 years. It has a loyal customer base as 79.78 per cent of its customers have been associated with the bank for a period of more than five years

Going by the draft papers, proceeds from the fresh issue will be used for investment in the company's arm Concord Enviro FZE in relation to financing the construction of an assembly unit in Sharjah International Airport Free Zone.

The public issue is entirely an offer-for-sale (OFS) of up to 21.7 million shares by the promoters and other shareholders to the tune of around ₹1,800 crore, said bankers. The company operates under the "Blue Jet" brand offering niche products targeted at innovator pharmaceutical companies and multinational generic pharmaceutical companies.

The initial public offer of 1.58 crore equity shares is in a price range of ₹500-525 per share. Private sector lender Tamilnad Mercantile Bank on Friday mobilised a little over ₹363 crore from anchor investors. The issue will conclude on September 7. At the upper end of the price band, the bank is expected to mobilise ₹831.6 crore through the IPO.

The company had recently filed a draft red herring prospectus (DRHP) with NSE Emerge.The company has been a leading manufacturer and exporter of TT Swastik Band high-quality Mild Steel/Carbon Steel ERW Black and Galvanized Pipes/Tubes since 1973. It has two plants in Haryana and Uttar Pradesh, with production capacity of 20,000 MT per month

The company in consultation with merchant bankers to the issue may consider a right issue, private placement, preferential issue of equity shares or any other method aggregating up to Rs 35 crore. If such placement is completed, the fresh issue size will be reduced.

The issue has attracted bids for 27,48,396 shares or 0.32 times the issue size of 87,12,000 shares. The quota reserved for retail individual investors (RIIs) was subscribed 0.76 times, qualified institutional buyers by 0.30 times and NII by 0.08 times.

Blue Jet Healthcare is promoted by its Executive Chairman Akshay Bansarilal Arora. The company operates under the “Blue Jet” brand name and has competencies and manufacturing capabilities in contrast media intermediates and high-intensity sweeteners, including saccharin and its salts as well as active pharmaceutical ingredients.

Most analysts said the asking valuations are attractive when compared with peers, but the bank’s future growth would be subject to pending legal actions. Some of them, therefore, have a 'subscribe' rating on the issue with a long-term view.

On Friday, the stock ended 5.71 per cent lower at Rs 9.09 over its previous day’s closing price of Rs 9.64 a piece. The stock has jumped nearly 194 per cent in the last three years, while it has surged about 43 per cent in the past year.

I studied at a Tamil-medium corporation school where I used to get 90-95 per cent marks in mathematics, but I was borderline pass in all other subjects. I went on to do MSc in mathematics. In the 80s, unemployment was very high in south India

Deepak Jasani, Head of Retail Research-HDFC Securities, said: “Nifty ended in the red for the third consecutive session on September 23, driven down by weak global cues. Nifty opened flat and started to fall from the opening time. Volumes on the NSE were the lowest since September 12.”

XRP witnessed a mega rally due to the positive news around the ripple lawsuit and jumped by 30 per cent during the week. The third consecutive rate hike announced by the US Federal Reserve will have a significant impact on the crypto market in the coming weeks.

As the demand for the safe haven soared after the US Fed's hawkish-than-expected stance, the US dollar index has now crossed the 113 mark, its highest level in two decades. The Indian rupee also breached the 81 mark against the greenback as a result, last week.

Gold started losing its glitter since central banks started hiking rates. Central banks across the globe had reduced rates earlier to support economic activities, which were adversely affected during the pandemic. But now, many central banks are on the path of hiking rates to fight against higher inflation.

Investors’ confidence has taken a back seat as Bitcoin’s price has plummeted substantially since the beginning of the year, and investors are worried about their future returns. However, it should be noted that such high volatility is not foreign to this asset class, as similar cycles of bull and bear in the market have been witnessed historically. Still, crypto has eventually emerged to outperform any other asset class.

The escalating losses reflect how far the Federal Reserve and other central banks have shifted away from the monetary policies of the pandemic, when they held rates near zero to keep their economies going. The reversal has exerted a major drag on everything from stock prices to oil as investors brace for an economic slowdown.

Indication of further rate hike by the US Federal Reserve, fears of a recession, depreciating rupee and continued tensions in Russia and Ukraine will affect FPI flows, Basant Maheshwari, smallcase manager and Co-founder, Basant Maheshwari Wealth Advisers LLP, said.

For both direct equity investors and derivatives traders, it is a common practice to book profits consistently and keep the received capital in a savings bank account at marginal interest rates or hold it in the broker’s margin account, which does not offer any returns.

​The INR fell to a new record low of 81 per USD as FIIs began selling. The extended hawkish monetary policy is bound to further slow down the global growth engine. India is in a better position with a decoupled economy with a pickup in credit growth and tax collection, Nair added.

We believe that the Nifty50 has been in the 17,000-17,800 range for a while, and Friday's closing below 17,500 triggered fresh selling.The Nifty50 might be heading towards 17,100-17,000 levels. As we are now in the monthly expiry week, positioning of October Nifty futures would be the key indicator.

Signs of extraordinary times were everywhere. The Federal Reserve delivered its third straight seventy-five basis point rate hike while Japan intervened to shore up the yen for the first time since 1998. The British pound slid to a fresh 37-year

But, the major reason the base metal markets recovered and gave confidence to investors was optimism about stimulus measures in China. Shanghai announced a 1.8 trillion-yuan investment worth of infrastructure projects, following national policymaker's calls to revive sluggish economic growth.

Barring Hindustan Unilever Limited (HUL), Bajaj Finance and ITC, others in the top-10 club suffered erosion in their market valuation. The valuation of Reliance Industries tumbled by Rs 40,558.31 crore to reach Rs 16,50,307.10 crore.

“Nifty may see a further dip towards 16,800 levels and Sensex to 56,000 levels in the current scenario. Investors may consider this fall as an opportunity to pick value stocks from auto, FMGC, IT, banking and power sectors. Investors should divide their investment into three parts starting from current levels till lower levels of Nifty.”

"Getting a robust process for stock selection along with a detailed checklist is the best way to navigate the complexity and difficulty of picking up likely future wealth creators."

“In the market there are bears along with bulls; there are people who go short as well. Bears should also get time to celebrate and make money. Coming back, it is more of a factor that the global sell off has come in after the US Fed decision. The RBI’s credit policy is next week and hopefully, the interest rate hike should be on the expected lines, says Kunj Bansal.”

"When times are volatile; participation increases in defensive packs like FMCG. However, this time along with this trading psychology we have one leader who is dominating this pack and that is ITC. We have been constantly upbeat about ITC since the 210 level and we continue to remain bullish on the stock for the coming months too."

While following the basics, it is strongly suggested that the highly-leveraged positions must be avoided and overall exposures should be kept at modest levels. A short-covering from the lower levels cannot be ruled out as we head into the monthly derivatives expiry week. A cautious view is advised for the coming week.

The merger will undoubtedly provide numerous benefits to the Ethereum network. It remains to be seen how the implementation of this upgrade will impact the network. Ethereum has been a game changer in the world of cryptos and it's likely to retain its status, said Dileep Seinberg, Founder & CEO, MuffinPay, adding that there are some challenges over speed and gas fees, they too will be looked at.

We are likely to see a 50 bps kind of rate hike in September as against the general expectation a month ago of around 6% terminal rate. Repo rate expectation has gone up to 6.5& purely because you would not want interest rate differential to come down, that puts your currency at risk especially because you are a deficit country.

"I believe banks are a bit weak but I am not sure if after such a decline a fresh short is advisable unless you are a very nimble-footed trader."

"In addition to a 75 bps hike, the US Fed’s commentary has upped market expectations of a peak rate of 4.4% by the end of the year, and 4.6% by 2023, much higher than previous expectations, prompting traders to take money off the table."

US Central bank continued with mega-size rate hikes and gave the message they would do everything to bring the inflation down to within their comfort zone of 2 per cent, even if it leads to a path of a painful recession.

Golden Cross is an important technical indicator of bullishness. It occurs when a short-term moving average crosses over a major long-term moving average on the upside.

USDINR has crossed above 81 in the spot market, a fresh all-time high. The up move in the USDINR pair was basically a result of a couple of things -- a) the escalation in the geopolitical instability after Putin’s speech and b) the US FED opting for a very hawkish 75-bps hike.

As per the latest estimate of Origo Commodities, India's total Kharif crop production for the crop year 2022-23 is estimated at 640.42 million metric tons (MMT), which is 2 per cent lower than the same period last year.

Two words but conveys tons of insights. This is the single most important factor to determine the health of a lending institution. Gross non-performing assets (GNPA) which is an indicator to gauge asset quality are in their best shape right now.

Investors always wish to buy shares at a lower price than what they are trading at currently. But, when the shares plunge due to uncertain circumstances, they often get scared to buy and speculate what will happen next.

Nasdaq Digital Assets, will offer custody services for cryptocurrencies, including bitcoin and ethereum, potentially pitting it against firms such as Coinbase, Fidelity Digital Assets and Winkelvoss twin-owned Gemini that offer similar products. Nasdaq has hired Ira Auerbach, a Gemini executive, to lead the new unit

But inflation and subsequent rate hikes by the U.S. Federal Reserve led to a wide sell-off in the alternative asset class that dealt a heavy blow to several companies in the sector. Digital asset exchange Coinbase Global Inc and crypto lender BlockFi have been forced to cut jobs, while Singapore-based crypto hedge fund Three Arrows Capital has filed for bankruptcy.

In particular, analysts said the Fed’s expectation of accelerating economic growth next year, rising to 1.2% from a forecast 0.2% for 2022, was incongruous with such sharply higher interest rates. Analysts at Barclays said the growth projection was “difficult to reconcile” with slowing spending and the “intensifying drag from tightening financial conditions.” As higher rates raise costs for companies, spending falls, hiring slows and unemployment rises.

Public banks are just marginally higher than where they were pre-Covid despite substantial improvement in their asset quality ratios. On the other hand, the improvement in valuations for private banks has been relatively slower," said the brokerage.

Shares of Harsha Engineers are losing steam in the grey market as sentiments turn sour in the secondary market. Over the issue price of Rs 330, the company's shares are being exchanged at a premium of Rs 160-165, which was Rs 240 at its peak.

The Reserve Bank of India is estimated to have sold up to $2 billion Friday to stem the rupee’s rout, market sources told ET. At three public sector banks were seen selling dollars through a combination of spot, forwards and futures market, they said.

If an individual looks toward fixed interest returning tax-saving investments without any volatility in the stock market then major investment choices that he/she can choose from are Public Provident Fund (PPF), Post Office Time Deposit Account (POTD), National Savings Certificates (NSC), Bank 5-year tax saver, and Senior Citizens Savings Scheme (SCSC).

In the BSE500 index, 345 stocks settled in the red, whereas other 155 stocks posted gains for the week. Only eight stocks were able to rise 10 per cent or more, whereas the same number of stocks clocked double-digit cuts. Benchmark indices - BSE Sensex and Nifty 50 - dropped over a per cent each, while midcap and smallcap indices underperformed as they shed 2 per cent during the week. The BSE500 index was also down by more than a per cent.

After enjoying hefty gains for last two years, Wall Street has been rocked in 2022 by worries about a host of issues including the Ukraine conflict, the energy crisis in Europe, China's COVID-19 flare ups, and tightening financial conditions across the globe.

Goldman said it expects margins to improve further and is forecasting FY24 to be the first year of adjusted EBITDA profitability for Paytm. This could be a key catalyst for the stock, it said.Goldman said if the Reserve Bank of India removes the ban on Paytm Payments Bank to onboard new customers imposed in March 2022, it could be another trigger for the stock. One97 Communications owns 49% in Paytm Payments Bank (PBBL).

"The company has not outsourced any collection activities in its vehicle finance business to any third-party agencies and, therefore, the company does not expect any impact on collections in this business," M&M Finance said in a statement.

"The investment in Caelux aligns with our strategy to create the most advanced green energy manufacturing ecosystem, backed by world class talent, and built on the pillars of technological innovation achieved through strategic partnerships," Ambani said. "We will work along with the team at Caelux to accelerate its product development and commercialisation of its technology."

If the S&P 500 closes below the mid-June low in the days ahead, that may prompt another wave of aggressive selling, Stovall said. This could send the index as low as 3,200, a level in line with the average historical decline in bear markets that coincide with recessions.

The renewed selling pressure in markets came in a week that saw the U.S. Federal Reserve raise interest rates by three-quarters of a percentage point for a third straight time and a vow to keep it going until inflation is under control.

The rupee, which has now lost 8% against the dollar in 2022, slid to as low as 81.24 Friday before reported central bank intervention hauled the unit to just above 81 at the close of trading. The currency's pronounced fall accompanied accelerated selling in stocks, particularly of banks and other financiers, causing both the Nifty and the Sensex to decline 1.7% each.