Market Bizzz

Dealers said that the markets would be watching for minutes of the Federal Reserve Open Markets Committee Meeting on which will be released on Wednesday. The US government will also release data on consumer prices on Wednesday.

China’s semiconductor index fell more than 5% after Washington published a sweeping set of export controls, including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment.

​​​ Data on Friday showed inflation’s tightening stranglehold on the German economy, with a surge in import prices and drop in industrial output and retail sales adding to signs that Europe’s biggest economy is heading for recession. ​​Physical gold prices flipped to a discount in India last week as elevated local rates amid a dive in the rupee dampened festive demand, with higher prices playing spoilsport across other Asian hubs as well.

Nifty IT index has corrected more than 50 per cent on a year to date basis, compared to a two per cent drop in Nifty50. It is the worst performing sectoral index for the year and only one in the bear grip, falling more than 20 per cent.

However, the payoff of strategy is that of limited profit and limited loss as there is one out of the money sold put. The maximum gains will be restricted up to Rs 8,125 because the gains of a long 39,000 strike Put will be offset by the sold 38,500 strikes Put if Nifty Bank closes below 38,500 on expiry.

RBI also expressed concern about the popularity of cryptocurrency in recent years. The proliferation of crypto assets can pose significant risks related to money laundering and financing of terrorism, the central bank fears.

The secured redeemable Non-Convertible Debentures (NCDs) will carry a coupon rate of 8.07 per cent per annum for a tenor of 10 years.

It has decided to allocate a total of 1.74 crore equity shares to anchor investors at Rs 80 apiece, aggregating the transaction size to Rs 139.22 crore, according to a circular uploaded on BSE website.