Business Standard's Puneet Wadhwa speaks to Mark Matthews, head of research for Asia at Julius Baer to get his views on the road ahead for global equity markets as they adjust to rising interest rates
Tech Mahindra and Wipro have tumbled over 30 per cent, while Apollo Hospitals Enterprise and Dr. Reddy's Laboratories have plummeted 22 per cent so far in calendar year 2022 (CY22)
Real estate and automobiles, which were showing signs of a nascent recovery, will bear the brunt of higher interest rates
In the last policy meeting in April, the monetary policy committee (MPC) of the RBI had shifted its focus to tackle the rising inflation in India after the Russian invasion of Ukraine
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
CLOSING BELL: SBI, HUL, IndusInd Bank, Axis Bank, Dr Reddy's Labs, Bajaj Finserv, and ICICI Bank fell in the range of 2-3 per cent
CLOSING BELL: Mukesh Ambani-led Reliance Industries (RIL) is set to become India's first company to hit market capitalisation (m-cap) of Rs 19 trillion
HDFC twins, HDFC in particular, may see some more downward pressure; whereas PSU banks like SBI, Canara Bank and BoB can rally up to 9 per cent.
The stock needs to create a strong base and momentum in the range of Rs 4,000 to Rs 3,800 levels, which the stock has been unable to conquer with ease.
The trading hours were revised when the Covid-19 pandemic struck due to the operational dislocations
The ratings agency upgraded the outlook to 'positive' on account of stable growth in deposits and advances
Shares of HDFC Bank may hit the Rs 2,000-mark, while HDFC is likely to rally towards Rs 3,200.
Going ahead, charts indicate likely revival in investor sentiment with further uptick in prices.
The stocks of HDFC and Bajaj Group are not showing any exciting picture on tech charts at the moment
With Nickel, Gold and wheat also hitting multi-year highs like Crude Oil, these five commodity related shares are likely to witness strong gains, indicate charts.
Similarly, the Bank Nifty may shed another 7 per cent to 30,500-31,000 levels.
Coal India, GNFC, Cholamandalam, Fine Organic and Hitachi Energy can easily provide up to 14 per cent upside, indicate charts.
Our 10 mean reversion scenarios put the Nifty50 December 2022 target at an average of 17,500, said Jefferies
As per block deal data on BSE, Societe Generale sold nearly 71 lakh shares at an average price of Rs 2,436.8 apiece
Shares fell sharply in Asia on Tuesday after Russian President Vladimir Putin ordered troops into separatist regions of eastern Ukraine, suggesting a long-feared invasion was possibly underway. Tokyo's Nikkei 225 index dropped 1.8per cent and the Hang Seng in Hong Kong fell 3.2per cent in early trading. Oil prices jumped, with U.S. crude up 2.8per cent. The future for the S&P 500 dropped 1.5per cent while the contract for the Dow industrials lost 1.3per cent. U.S. markets were closed Monday for Presidents Day. In Europe, shares slipped Monday as investors awaited developments in the Ukraine crisis. Germany's DAX gave up 2.1per cent. In Paris, the CAC 40 in Paris declined 2per cent. Britain's FTSE 100 fell 0.3per cent. Russia's MOEX index dropped nearly 11per cent. The ruble was down 3.2per cent against the U.S. dollar. Western powers fear Russia might use skirmishes in Ukraine's eastern regions as a pretext for an attack on the democracy, which has defied Moscow's attempts to pull