US Stock Reports, Quotes and News
Investing.com– Most Asian stocks fell sharply on Friday after reports of Israeli strikes on Iran further ramped up concerns over worsening geopolitical conditions in the Middle East, while persistent warnings on U.S. interest rates also battered sentiment.
FIIs withdrew Rs 20,000 crore during Lok Sabha elections and Q4 earnings amid stress from rising bond yields, Iran-Israel war, and India-Mauritius tax tweak. Impact on oil prices and US Fed rate cuts outlook are also significant factors.
Anurag Singh advises against panic selling in Indian markets, recommending holding cash due to uncertain valuations. He says Indian and all other emerging markets face a little bit of danger because whenever oil spikes, dollar flight happens. But, he says, market recovery is anticipated sooner with strong back channel talks despite geopolitical risks.
“Markets are playing blind man\’s bluff and they are just selling off first and then asking questions, says Ajay Bagga. Do not try to time this market. We do not know where it will go and how far? Both are very strong missile-based powers and this could increase in scope very fast. So, it is very difficult to price this.”
Sanjiv Bhasin predicts market correction end post Iran-Israel conflict. He recommends ONGC, Vedanta, Indiabulls Real Estate and . advises buying IDFC First Bank, Hindustan Lever and Axis and ICICI banks. Furthern he favours TCS over Infosys, Wipro, LTIM, HCL Tech as top picks. Bajaj Auto is lauded for growth potential while Reliance Industries is expected to deliver strong results.
A look at the day ahead in U.S. and global markets from Mike Dolan
Investing.com– US stock index futures rose in evening deals on Sunday, recovering slightly from steep losses last week as fears of an Iran-Israel conflict battered risk sentiment, while the first quarter earnings season kicked off on a dour note.
\”Investors need to brace themselves for increased volatility in the coming week, given the heightened geo-political temperatures,\” said Aamar Deo Singh, Sr. Vice President, Research, Angel One.