Market Bizzz

Coal India, Divi’s Labs, BPCL, Paytm, AB Capital, Sundaram Finance, Tata Teleservices, Vinati Organics, KRP Mills, Endurance Tech, PB Fintech and Affle are among the companies that will announce their results for September 2022 quarter today.

Four Fed policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting, despite new data showing another month of robust job gains and only small signs of progress in lowering inflation.

Four Federal Reserve policymakers on Friday indicated they would still consider a smaller interest rate hike at their next policy meeting despite strong jobs data.”The market is still dealing with signs of weakness in oil demand from already high prices and the weak economic backdrop in developed markets,” ANZ analysts said in a note, adding demand in Europe and the United States have fallen back to 2019 levels.

“While the VIX for bond markets and the currency market is at multi-decade high, the stock market VIX has not really gone up. That shows us that even though the fund manager sentiment surveys and consumer surveys are quite pessimistic in terms of flows and positioning in the option markets, the markets have held up quite well after the initial selloff in the first six months.”

“Even the derivative stats indicate that FIIs are now decently long in index futures (Long Short ratio is around 65%) and this opens up the possibility of their unwinding in longs. Thus, on the downside, 17900 would be intermediate support and a breach of the same might apply some brakes to the ongoing momentum.”

The net loss of $2.69 billion, or $1,832 per Class A share, compared with a profit of $10.34 billion, or $6,882 per share, a year earlier.

Its total revenue from operations climbed 21.40 per cent to Rs 4,379.61 crore from Rs 3,607.37 crore in Q2 FY22.

NFTs are programmable as per user requirements. They are special assets that cannot be substituted by any other kind of token as a result

The Rs 137-crore order is for designing, supplying, erecting, testing and commissioning for OHE Modification Work in the existing 25 kV OHE.Rail Vikas Nigam stock in the last 1-year has gained by over 25%.