Get ready for global turbulence: Uday Kotak
Higher U.S. inflation will keep rates higher for longer worldwide including India, warns Uday Kotak.
Higher U.S. inflation will keep rates higher for longer worldwide including India, warns Uday Kotak.
An uncertain inflationary trajectory could force the Fed to delay a rate or – worse – hike rates.
Shares of TCS, Infosys, Wipro, Tech Mahindra, HCL Tech, and MindTree dropped up to 4% in opening trade amid fear of aggressive rate hikes by the U.S. Federal Reserve.
The Sensex and Nifty are poised to open sharply lower, in line with global equities as higher-than-expected U.S. inflation stoked fears the Fed will raise rates aggressively.
The Sensex and Nifty are poised for a strong opening on upbeat global cues as a better-than-expected inflation report in the U.S. boosted investors’ appetite for riskier assets.
RBI is "much ahead of the curve” in controlling inflation and the Fed can borrow a template from it to control U.S. inflation, says SBI Research.
The BSE Sensex and the NSE Nifty are poised to start the week on a bearish note, tracking a sharp sell-off in Asian equities and negative trends on the SGX Nifty.
Ending the gaining streak of three sessions, the BSE Sensex and the NSE Nifty closed 1.3% lower each on Friday, led by strong selling across IT and tech space.
The BSE Sensex and the NSE Nifty are expected to open lower on Friday as a record spike in U.S. inflation and hawkish comments from a Federal Reserve official dragged global equities lower.