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Whereas there are considerations over a looming recession within the US, such fears have been conserving commodity costs beneath verify, providing a brief time period respite to India. However the rupee weak point has continued and it appears unlikely that international outflows will halt quickly. Finally, if US markets see weak point, the home market might observe the go well with.
ETMarkets caught up with AK Prabhakar, Head of Analysis at IDBI Capital, to know the way these developments will affect home shares and his piece of recommendation for traders. Prabhakar sees the current fall in crude oil costs as non permanent. He doesn’t see markets to see a significant rebound no less than until Diwali or by January 2023. Here is what he instructed us:
Hear in!
If we have a look at commodity area, metals and crude oil costs have began falling, largely resulting from international progress considerations. How would you learn these developments so far as India is anxious?
The US Fed has stated ‘tender touchdown’ of the US economic system could be difficult. How would such an surroundings affect international outflow? Ought to we anticipate extra ache forward?
Given how robust it has been for the inventory market within the first half of the calendar, what ought to one anticipate within the second half?
Any sector that you simply assume has seen unwarranted fall and is attractively valued?
What could be your recommendation to traders?
Thanks Mr Prabhakar for the insights.
That is all on this week’s particular podcast. Do preserve checking this area for extra attention-grabbing content material and take outing to observe our market podcasts twice on daily basis. Keep protected and Completely happy Weekend!
(Disclaimer: Suggestions, recommendations, views, and opinions given by the specialists are their very own. These don’t characterize the views of Financial Instances)
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