RELITRADE 

Volatility due to inflation fears and uncertainty over the second wave of Covid-19 will continue to keep market participants on their toes in the coming week.

The MSCI Asia Pacific Index slumped 3.2% this week, and is now down 2.7% in May. That’s put the gauge on track for its worst monthly performance since March 2020 -- when markets took the biggest hit from the pandemic.

Paytm Money witnessed a 30% year-on-year (YoY) value growth in digital gold sales on their platform this year. Paytm Money CEO Varun Sridhar said, “In the last three days, we have recorded 50kg of gold sales. The average ticket size has grown from Rs 1,600-1,700 to Rs 2,300-2,500 per transaction.”

"Today 'everything is going up day' because everyone is buying," said Chuck Carlson, senior vice president at Wealthspire Advisors, in New York. "It's a 'buy everything' day."

According to banking sources, IDBI Bank has already written to the CBI, which has confirmed that commercial dealings will not affect the criminal investigation process.

The surge in cases and the subsequent capacity constraints are forcing the middle-class to avail of private healthcare services they cannot afford.

"We think FMCG stocks are good short-term trade but not an investment at this point."

"Q1 of this year is going to be tough for most of the FMCG companies, including Asian Paints," says Mahantesh Sabarad.

The Tesla boss' tweets, which had helped drive some of the gains in bitcoin in recent months, this week triggered a 17% slide in the value of the cryptocurrency when he said his company's customers would no longer be able to use bitcoin to buy its cars.