Market Bizzz

As per the monthly options data, the strikes of 17,500 have the highest PUT OI accumulation, and it is likely to provide some support throughout the week. In any case, since Nifty has closed below 17500, it would be crucial for the market to crawl and keep its head above the 17500-mark.

While gold and silver have a reputation as inflation hedges, this relation has historically not been straightforward. Instead of tracking inflation one-to-one, gold and silver have rather reacted to a high degree of inflation uncertainty, which we do have at the moment, while generally moving much more closely with real bond yields.

The IPO comprises fresh issue of equity shares aggregating up to Rs 325 crore and an offer for sale of equity shares aggregating up to Rs 200 crore by selling shareholder SAIF Partners India IV Limited. The company proposes to utilise Rs 240 crore of net proceeds from the fresh issue towards funding working capital requirements and the rest towards general corporate purposes.

​​ Unless the high government borrowings and adverse interest rate cycle play spoilsport, the ongoing financial year is expected to be robust in terms of fund raising activities through the debt route on account of higher demand for credit from corporates in light of the improving economic outlook, experts said.

“We expect the Russia-Ukraine issue to settle down in the next 1-2 months and FPI flow would return to Indian equities soon, taking markets to a new high in 2022. We also expect that SIP trend would remain strong as the return from most other asset classes is much lower than equity and equity MFs.”

The Dow Jones Industrial Average rose 63.9 points, or 0.18%, at the open to 34628.46.

After providing investors with a massive 40 per cent return in 2021-22, the Nifty IT index is down 5.4 per cent so far this year, and earnings of the two largest companies, TCS and Infosys, have done little to stem the slide.

According to a statement by RAIRtech, the proceedings from the NFT would be split between the Ukrainian-American Coordinating Council and the Web3 Developer Fund and would benefit Web3 developers in Ukraine.

​​ The case pertains to Unisys giving financial assistance to preferential allottees and enabling those allottees to subscribe to and buy its own shares allotted to them on a preferential basis in March 2011.

In another transaction, SBI Mutual Fund bought 33 lakh shares of Mrs Bectors Food at Rs 303 per share. Shares were sold by GW Crown Pte among others.