Market Bizzz

During the pandemic, factors like fully digital onboarding by stockbrokers, easy access to information, and quick fund transfers via UPI led to a boost in retail participation in the stock market.

Right now, who can blame sellers for holding back? The alternative is the challenge of trying to find willing buyers in astock market down 20% this year as surging inflation, aggressive central bank interest rate hikes and the risk of a global recession erode sentiment.

The global rating agency Moody’s Investors Service has upgraded the baseline credit assessments of ICICI Bank and Axis Bank, reflecting improvements in credit fundamentals, particularly asset quality.

China wants to reduce its steel exports because it wants to reduce the carbon footprint for the steel industry in China. So, I see a far better balance in global trade over this decade than we have seen in the last decade and if China is not an aggressive exporter, said Narendran.

“Markets are largely taking cues from the global markets, in absence of any major domestic event. And, going ahead, the US Fed chairman’s speech and China’s interest rate decision would be important triggers for the markets. On the domestic front, the COVID trend and the progress of the monsoon will also be in focus. We reiterate our negative view on markets and suggest continuing with the “sell on rise” approach, said Mr. Ajit Mishra, VP – Research, Religare Broking.

The Government of India, in consultation with the RBI, has decided to offer a discount of Rs 50 per gram on the nominal value to those investors applying online and the payment against the application is made through digital mode.

The Fed and the European Central Bank, which is also facing severe price pressures, have enough credibility to engineer a reduction in inflation without causing a deep recession, St. Louis Fed President James Bullard said on Friday.

The properties to go under the hammer include office premises, residential flats, land parcel, shops, land & buildings located in Gujarat, Maharashtra, Goa, Daman, and Dadra and Nagar Haveli.From November 2019 to March 2022, more than 266 properties were auctioned at a reserve price of Rs 1,297 crore