Sensex, Nifty sell-off: Here are the factors at play

Updated : Apr 18, 2022 09:50
|
EJ Biz Desk

Monday blues for the markets as the latest news from all corners is not boosting morale on Dalal Street. Here are the top headlines the market makers are reading: 

All Fall Down 
Sensex Nifty . Crude prices surge back to $113/bbl, US markets signal weakness extending. Natural Gas prices in US hit 13 year high. Markets in Australia, Hong Kong and much of Europe remain shut for Easter.

Infosys Earnings Impact 
Tech major disappoints the street with Jan-March earnings, muted guidance for current fiscal year. Brokerages retain buy but cut target price for stock. Morgan Stanley revises target lower to Rs 1970/share. 

Also read/watch | Infosys share price sinks; here is what brokerages are saying

HDFC Bank Q4
Stock back at pre-merger announcement levels, earnings raise concerns despite steady loan growth. Margins clock in at all time low at 4%. 

Covid Concerns Again 
Delhi records 517 new cases, LocalCircle survey says infection among 'social networks' up 500% in National Capital. China reports first deaths in the new outbreak as Shanghai continues to be in lockdown

Recession Fears Rise 
May be too early for recession obsession but Goldman Sachs says the US may face recession in the next two years and places a 35% probability for it. China reports 4.8% growth in the quarter gone by but analysts say the hit from the recent covid outbreak not accounted for.

Also read/watch | Nepal next in facing forex crisis? Fuel lines & import bans begin

Stocks In NewscryptocurrencycovidMarkets

Recommended For You

editorji | Business

NFRA penalises Deloitte Haskins & Sells LLP, 2 auditors for lapses in ZEEL

editorji | Business

Asian Markets Edge Higher Amid Dollar Strength and Holiday Calm

editorji | Business

Oil Prices Edge Higher Amid Strong U.S. Economic Data, Rising Indian Demand

editorji | Business

Nifty 50, Bank, FMCG Lead Gains; Auto Sector Declines – Market Update December 23, 2024

editorji | Business

Stock Market Roundup: December 23, 2024 - U.S. Markets Lead, Europe Shows Stability, Asia Gains