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The largest cryptocurrency slid as much as 3.3% to $38,223, the lowest since March 15, and down more than 20% from last month’s high. The second-biggest coin, Ether, slumped as much as 4.8% to $2,799, a level not seen since March 18.

“We are hearing that crude palm oil is exempt from the export ban. That means nearly 90% of the problem of what we were anticipating would go away. We are still awaiting the exact clarification. The forward futures market DMD is down almost 3% and so this is a very positive development for India as an importer and I would imagine even for the world as well.”

"We expect moderation in growth and rising cost pressure to be the key themes during this earnings season. Earnings season has just begun but the initial results from IT services, financials as well as operational updates from consumer companies indicate this trend. There has been a spike in commodity costs in March, full impact of which we will witness only in 1QFY23."

Elgi Equipments Ltd., incorporated in the year 1960, is a Mid Cap company (having a market cap of Rs 10976.14 Crore) operating in Electric/Electronics sector.

The lender said its provision saw a sharp decline along with an improvement in asset quality. The management continues to focus on achieving growth in core operating profit in a risk-calibrated manner by focusing on target micro-market segments. It also expects the net interest margins to be stable at around 4 per cent.

“We would identify as a team the best of the FMCG companies, the best of the financial companies, the best of the IT services companies and have a good balance across most of these various sectors unless there are some sectors where we struggle to find companies that have the attributes of superior returns, scalability and good management.”

Put differently, the entire drop in Netflix’s stock can be justified if you assume that the rate of growth (for the first decade) slows down from 40% per annum to 28% per annum and the risk-free rate rises from 1% to 3%. That’s it!

IDBI Capital has initiated coverage on M&M with a Buy call and a target price of Rs 1,616, suggesting an upside of 75 per cent over the next two years, led by strong earnings growth and PE expansion. The stock has been one of the most favoured names by both analysts and investors. It has a consensus Strong Buy recommendation from analysts, shows data available on Trendlyne.

While benchmark equity indices have suffered so far in FY22, one of the biggest upsets for far in the year has been witnessed in the information technology space, a sector which outperformed the headline indices last year.

The Nikkei share average ended 1.9% lower at 26,590.78 - the biggest percentage decline since March 11. The broader Topix lost 1.5% to 1,876.52. Wall Street tumbled more than 2.5% on Friday, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took a toll on investors.