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.

“If the commodity prices cool off, it will be beneficial to India but as of now, I would look at it more like a technical bounce back after so much correction and we need to see how things pan out because there is still uncertainty over monsoon. In the long term, things are fine but in the near term, turbulence can still be there.”

The veteran market expert, who tracks EMs closely, said for foreign investors to return to India, there should be clear signs related to easing of inflationary pressure and Indian companies need to post strong earnings.

Last week, the Federal Reserve raised its benchmark overnight interest rate by three-quarters of a percentage point - its biggest hike since 1994 - to a range of 1.50% to 1.75%, and signaled its policy rate would rise to 3.4% by the end of this year.

Obviously last week the auto companies did very well. I will prefer to pick Maruti on the passenger vehicle side as the stock has already moved up 6-7% in the last week and there could be some more upside in this stock as the valuation looks interesting and quite comfortable at these levels.

Nifty oscillated 558.15 points before closing the week with gains. The index also went on to hold some important support and that makes the coming week quite interesting and crucial. After a predominantly positive behavior, the headline index Nifty 50 ended with a gain of 405.75 points on a weekly basis.