Earnings – Afterall, it’s the bottom line that counts

Jun 27, 2022

9:03 am

The long earnings season has ended with decent performance amid challenging market conditions. The outlook, though, remains mixed as companies battle high input costs and supply-side issues. Total sales for the Nifty 200 universe grew 21% YoY, primarily led by Oil & Gas, Metals, Financial Services, and IT. EBITDA ex-BFSI increased 11.1%, marred by intense…

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Help Less Central Banks

Jun 21, 2022

11:03 am

• Central banks are all at sea with reactionary and often poorly signalled rate shifts • The probability of global recession steps up as economic data disappoints • Surveys of US smaller companies show unprecedented stress in the economy • Bank shares look vulnerable after performance that has been in line with the market •…

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RBI Policy and Asset Pair Commentary

Jun 15, 2022

1:08 pm

Over the last week, the Monetary Policy Committee met and decided to raise policy rates by 50 bps to 4.9%, which was largely in line with the market and our expectations. The RBI acknowledged higher inflation by hiking inflation forecasts by 100 bps but kept growth forecasts unchanged, probably waiting for more data on the…

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This is For Real

Jun 14, 2022

8:54 am

• US inflation data a massive wake up call to the market • Central Banks will scramble to get ahead of the curve • Bonds and equities remain vulnerable • China one of the few bright spots The message is crystal clear: Do not bury your head in the sand. There is real trouble out…

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