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“Whichever way one looks at it, earnings have been downgraded globally. India will start soon and therefore the market’s valuations have to contract from where we are today. The good news could happen before the Fed really gets its belt even tighter and that action could have played out by the time we start to see those 50 bps rises over the next quarter or so.”

“This market will start falling more dramatically when the worry on economic growth becomes much bigger and starts disappointing in a big way. That has not happened yet. Only when that starts happening, will we have the next level of rotation.When economic growth is picking up, when people are talking of infrastructure spending, then it is really the old economy which comes back and which after years of underperformance had become value.”

Titan Company Ltd., incorporated in the year 1984, is a Large Cap company (having a market cap of Rs 221267.38 Crore) operating in Gems and Jewellery sector.

Ambani has sets his aim on another marque multi-billion dollar cross border buyout — Walgreens Boots Alliance Inc’s international chemist and drugstore units, said three people aware of the development.

The S&P 500 communication services index fell sharply, with Google-parent Alphabet dropping after it reported that quarterly YouTube ad sales slowed and its revenue missed expectations.

Gold prices weakened on Thursday towards a two-month trough hit in the previous session, as the U.S. dollar steadied near five-year highs, hurting demand for greenback-priced bullion.

After lowering the expected valuation and reducing the size of the offering, the government expects the May 4-9 initial public offer (IPO) to be a success as it will leave money on the table for investors and provides for a listing bump.

Axis Securities, in a note, said it expects the company to report a nearly 33 per cent fall in net profits for the March quarter. This is despite the net premium earned for the quarter will likely rise about 9 per cent.

It is looking to wrest market share from private and foreign rivals, including Axis Bank, Citi and ICICI.

On an annual basis, it reported revenues of Rs 3056 crore in fiscal 2021-22, up from Rs 1575 crore in fiscal 2020-2021.