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“4-5% correction in IT stocks after a sharp run up is completely normal and healthy in my view.”

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"In terms of the demand condition, last quarter the management was highlighting there was some weakness in the rural growth. We will have to see in the current context, what is the management’s assessment of rural growth."

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Data shows that Omicron has been spreading. According to the genomic surveillance data by Insacog network, in the fourth week of December, Omicron was found in 50% of the sequenced samples. In the second and third week of January, it has crossed over 90-95% in all isolated samples.

Asian stocks opened sharply lower Friday following a negative lead on Wall Street amid lingering worries over surging global inflation and the prospect of rising interest rates. Traders were also spooked by another plunge on Wall Street.

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Oil prices plunged on Friday, after rising to seven-year highs this week, as an increase in U.S. crude and fuel stockpiles prompted investors to take profits from the rally. Brent crude futures dropped $2.46, or 2.8%, to $85.92 a barrel by 0136 GMT. The contract earlier fell by as much as 3%, the most since Dec. 20. The global benchmark touched $89.50 a barrel on Thursday, its highest since October 2014.

Time period given by analyst is Intra Day when Sun Pharma Advanced Research Company Ltd. price can reach defined target.

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Oil prices slipped back on Thursday after hitting their highest levels since 2014 in the previous session on the back of strong demand and short-term supply disruptions, underlying factors that limited losses as investors took profits.

Wall Street drops as bargain-hunting loses steam

Updated at : 2022-01-21 08:20:02

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The Dow Jones Industrial Average fell 313.26 points, or 0.89%, to 34,715.39, the S&P 500 lost 50.03 points, or 1.10%, to 4,482.73 and the Nasdaq Composite dropped 186.24 points, or 1.3%, to 14,154.02.

Moody’s: LIC IPO to boost transparency, governance

Updated at : 2022-01-21 08:20:02

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The listing of Life Insurance Corporation (LIC) and other government-owned non-life companies will bring about reforms in terms of better focus on underwriting & products, transparency, governance and risk management, according to Moody’s.

Robinhood to start rolling out crypto wallets

Updated at : 2022-01-21 08:20:02

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Robinhood, which benefited from a boom in retail trading during the pandemic, expects to expand the program to 10,000 customers by March.

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