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A diverse portfolio of products including Outlook and Teams has made Microsoft essential to businesses adopting flexible work models, helping it retain and attract customers at a time when a broader economic slowdown has sapped corporate spending.

"Barring a Black Swan event, the Sensex and Nifty 50 have a high probability of being 10% to 20% higher by the next Diwali. Based on this, Sensex is likely to be closer to 70,000 and Nifty 50 closer to 21,000. However, these are “expected numbers”, i.e. statistical averages of the range of outcomes which are possible."

“In the current interest rate scenario, the cost of deposit would start going up but it will not impact our NIMs because the proportion of our retail and MSME loan is moving up. It is now 54% and in retail and MSME, the advantage is linked to the external benchmark, not the MCLR. Whenever there is a change in rate of interest, this is also passed on in our cost of the loans. So our NIMs are not going to be impacted going forward. ”

The prospect of a global economic slowdown and tighter monetary policy has been outweighing the spectre of supply reductions in recent weeks," ANZ Research analysts said in a note.U.S. crude inventories rose by about 4.5 million barrels in the week ended Oct. 21, according to market sources citing figures from the American Petroleum Institute, an industry group.

"We had a fantastic run in the past 5-10 years, and the markets got a little ahead of the fundamentals. This happens frequently in the cycle of fear and greed. Investment is a marathon, not a sprint. Steady systematic investments, instead of market timing, are the way to go. Investors who do well, in the long run, can ignore the noise in the markets and keep investing in a disciplined manner."

“Capital goods is a really big sector and there are two kinds of themes. One is capex but slightly different than the normal roads and bridges capex and two is the electronics industry. The ABBs and Siemens will be looking at building and helping to build superconductors They will also do well in terms of defence play as well.”

“We are getting a re-pricing of short-term liabilities across the spectrum. This will eventually come into deposits and when that happens, a lot of banks will show smaller NIMs going forward. We have to be careful about that. A lot of the small banks have shown some signs of recovery. I am just waiting to see how repricing works for South Indian Bank, J&K Bank, Federal Bank.”

ICICI Bank has consolidated its position as an investor favourite with a 37% year-on-year jump in net profit, led by a broad-based loan growth in the quarter ended September. Analysts say the bank is well placed to take full advantage of rising interest rates.

IIFL Securities, LKP Securities, HDFC Securities and ICICI Securities have seen steep declines in their profits from a year earlier. Kotak Securities, Axis Securities and Motilal Oswal have witnessed a smaller decline. Only two firms - Angel One and 5Paisa Capital - which are into discount broking, have reported higher profits.

“Biggest concern affecting markets in the new Samvat will continue to be around inflation as global central banks remain committed to curbing it aggressively,” said Vivek Goel, co-founder and joint managing director at Tailwind Financial Services.