Reseñas

In the first Fed meeting of 2023, Powell is widely expected to slow down the pace of interest rate hikes. CME FedWatch Tool shows a 91% probability of a 25 basis point rate hike in the two-day Jan 31-Feb 1 meeting.

The Securities and Exchange Board of India’s (SEBI) move follows one by the Reserve Bank of India to allow a one-time blocking of funds in bank accounts and multiple debits through the unified payments interface (UPI) real-time payments system.

​I think on a longer term basis for next two to three years India is the place to be and the way the government has acted, full marks to them that they have ensured that India’s perception remains pretty good in terms of the FDI inflow and FIIs.

2023 will be a strong year of earnings for Indian banks, Morgan Stanley said in a note. Traders can deploy a Barbell strategy that could bring better outcomes this year, said the global brokerage.

>> For more such web stories click on the ET icon below

Key triggers are recovery in GRMs ahead of estimates, faster consolidation in telecom leading to tariff upside in Jio, possible public listing of Jio leading to re-rating valuation multiple, retail biz gaining market share faster than expected and Jiomart GMV beating expectation.

For more such web stories click on the ET icon below

For more such web stories click on the ET icon below

The overall other income shows slight deduction because we upfronted the future provision which is in the case of NSR, it is an offset to other income as opposed to a provision below the operating profit.

Overall, there should be a close to double-digit earnings growth in the quarter. Sectors that are expected to do well are banks and consumer discretionary including automobiles and cement. Metals might not do well given the correction in commodity prices.