Market Bizzz

To see why, start with what the brokerage HDFC Securities is calling the “changing contours of monetary transmission” in India. In March 2020, less than 10% of floating-rate rupee loans were priced off an external benchmark such as the RBI’s repurchase rate. By June this year, that figure had jumped to 47%. Taking advantage of rising interest rates, lenders have frequently reset loan prices.

The company said its internal forecast estimates that revenue for the fourth quarter, which includes the holiday season when advertisers ramp up activity, will be flat from the previous year. The ability to forecast future quarters remains challenging, Snap said.

The top and bottomline of the corporation could increase by double digits though margins could be under pressure. Technically, the stock has broken out of Rs 322 on the monthly charts, and more gains are anticipated.

The inflation numbers continue a turbulent week for the pound, after Jeremy Hunt earlier this week scrapped Prime Minister Liz Truss’s economic plan and scaled back her vast energy subsidy.

Asian Paints will announce its quarterly numbers today. Helped by the increase in prices as well as continued gains in market share, the paint manufacturer is expected to log double-digit growth in sales.

Solomon’s comments echoed those of JPMorgan & Co CEO Jamie Dimon in expressing caution about the economic outlook. Their counterpart at Bank of America Corp, Brian Moynihan, has been more optimistic, pointing to the healthy finances of consumers and businesses.

Although Musk has said Tesla “does not have a demand problem”, the company’s latest report on deliveries showed that it made 22,000 more EVs than it delivered to customers in the third quarter. It blamed the rise in inventory on transportation-related problems.

The U.S. dollar was little changed on Wednesday and hovered close to the weakest level in almost two weeks. It, however, hit another fresh 32-year high of 149.34 yen overnight, before stabilising at 149.16 amid risk of intervention from the Japanese authorities.