But Markets have the potential to go up soon! Watch and encash!
Future interest rate hikes and fear of recession persist (PTI)
Share Market LIVE Update: Indian stocks are trading in red as Sensex is around 61,600 and Nifty around 18,350. Airtel, Britannia, and ONGC shed, while HCL Tech, UPL, and Divi’s Lab climb. PSU Bank, Pharma, and IT gain the most; FMCG and Oil & Gas in red.
Rising rates by central banks such as the US Federal Reserve are adding concerns of a slowdown among investors. On Tuesday, RBI in its bulletin said the balance of risks is increasingly tilted towards a darkening global outlook and emerging markets appear to be more vulnerable.
Divi’s Lab leads the healthcare index rally amidst growing concerns of Covid-19 cases in China.
Jefferies bullish on this Indian midcap financial stock on attractive valuation. Details here
CMS Info appears poised to deliver 20% compound annual growth rate (CAGR) in revenue and 25% in profit over FY22-25, as per global brokerage Jefferies. Despite 40% rally since listing, the brokerage said that its valuation is inexpensive at 13x FY24 PE and stays among key midcap buys.
“In key segment, ATM/Cash Mgt, c70% of revenue, outsourcing is gathering pace from PSU bks, with compliance-services aiding growth. CMS has also ramped-up well in Remote Monitoring Sols, where it plans to expand from ATM-RMS to broader services where yields & margins will be better,” the note stated.
Sebi extends suspension of derivatives trade in 7 agri commodities for 1 year
Capital markets regulator Sebi has extended the suspension of futures and options trading in seven agricultural commodities, including wheat and moong, for one more year till December 2023 in a bid to rein in prices.
The other agricultural commodities suspended by Sebi are — paddy (non-basmati), chana, crude palm oil, mustard seeds and their derivatives and soya bean and its derivatives.
“The suspension of trading in the above contracts has been extended for one more year beyond December 20, 2022, i.e. till December 20, 2023,” Sebi said in a statement on Wednesday. The suspension permits squaring up of existing positions in these commodities, but no fresh futures trading is permitted in them for a year.
Click to open an Account : https://ekyc.gwcindia.in/client/
For all your investment needs feel free to reach us.
Give us Missed Call us on 90037 90027 . For Support : 044-40329999