Market Bizzz

One interesting Ganesha stories is about going around the world 3 times as a race between his brother Karthikeya and him. While Karthikeya went around the entire world, Lord Ganesha won it by going around his parents 3 times. Like Lord Ganesha, the journey to your financial freedom is in understanding the concept of ‘your world’ and scale the uncharted territories of your personal financial well being.

“If you ask me today where Adani stocks are and should people buy them, my answer will be yes one can buy Adani Port and maybe if you have a long-term horizon, you can buy Adani Wilmar also. These are the two stocks I believe in and these are good bets even at the current levels. I would not advise buying at these levels any other Adani Group stocks.”

The dollar index – which measures the greenback against a basket of six currencies, with the euro the most heavily weighted – stood at 108.65 at the start of the Asian day, after dropping back from 109.48 overnight, a level not seen since September 2002.

The message from the world’s top finance chiefs is loud and clear: rampant inflation is here to stay and taming it will take an extraordinary effort, most likely a recession with job losses and shockwaves through emerging markets. (Full Story)

Reliance Industries wil host its 45th post IPO annual general meeting on Monday. The traders be keenly looking an update from its chairman Mukesh Ambani for succession plan, future business outlook and IPOs of retail & telecom business.

The hawkish message was not what Wall Street wanted to hear and S&P 500 futures were down a further 1.1%, having shed almost 3.4% on Friday. Nasdaq futures lost 1.5% with tech stocks pressured by the outlook for slower economic growth.