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.
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