Market Bizzz

According to analysts, IT services exporters have showed gross profit margin expansion despite slower top line growth in the previous quarter, which is expected to continue. The weakness of the rupee against the dollar and slower attrition rates due to layoffs in global IT majors & Indian startups are the other tailwinds for the sector atthe fundamental level.

San Francisco Federal Reserve President Mary Daly said on Monday the real-world impact of the U.S. central bank’s interest rate hikes is likely greater than what its short-term rate target implies.

Asian share markets turned hesitant as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, also the top bullion consumer, while bonds and the dollar braced for more updates on U.S. monetary policy.

Tight crude supplies in Europe have eased as refiners have piled up stocks ahead of the Dec. 5 European Union embargo on Russian crude, putting pressure on physical crude markets across Europe, Africa and the United States.

“Given how far U.S. bond yields and the dollar have dropped in the past couple of weeks, we think there is a good chance that they rebound if the Fed minutes are in line with the recent hawkish language from members,” said Jonas Goltermann, a senior markets economist at Capital Economics.

Normally October to January is the best period for the markets but I am expecting one more selloff to come in global markets, which will impact us as well.

When measured in total value of agricultural production, India is ranked fourth largest in the world. Although we are the second largest food producer in terms of calorie content, only behind China.

Sports-based crypto tokens are again in demand ahead of the soccer’s quadrennial event