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Sun Pharma, Tata Motors, IOC, DLF, Bharat Petroleum, UPL, Hindustan Petroleum, Vinati Organics, Navin Flourine and UCO Bank are among the companies that will announce their December quarter results today.

India’s largest company by market capitalisation raised the debt just before interest rates started firming up globally. The estimated benefit on its borrowing cost is more than the annual profits earned by 98% of India’s listed companies.

Globally, $26.7 billion worth of IPOs have priced, marking a 60% drop from the same period a year earlier. Now, pulled deals are piling up under pressure from roiling markets.

“Given the positive turnaround in the global trade setup, the market may see a positive start to the day. The levels of 17,250 and 17,385 may act as immediate resistance levels. The supports come in at 17,000 and 16,900 levels. ”

We expect our finance minister to continue the focus on building world class infrastructure in India with increased allocation to the sector. With surety insurance, the sector can benefit by way improved liquidity, access to increased project opportunities, release of collaterals etc.

Bitcoin, along with many other cryptocurrencies, had a fantastic yet volatile run in 2021, hitting all-time highs.

Education and health have always received lesser attention in budgetary exercise. I hope that this year, the finance minister sets up some aggressive targets for both education and health and provides sizable allocations to these two social sectors.

The top priority of the government should be to initiate measures to sustain the growth momentum in the economy. In FY22, GDP growth is likely to be around 9.3 percent, thanks to the base effect of 7.3 percent contraction in FY21.

Irrespective of how the EV players will handle this difficult situation, one thing is fairly clear. With the change in cost dynamics now, the timeline for mainstream adoption is going to be pushed farther away from the earlier estimates (which itself was for 2030).

In the BSE500 index, about 370 stocks registered degrowth during the week, whereas the remaining 130 stocks ended higher. About 30 stocks registered double digit cuts during the week. Below are some stocks that were in the spotlight during the last week