Amidst global tensions and market volatility, analyst Anand Tandon advises caution on Indian equities, deeming them expensive relative to growth. He suggests selective buying of fundamentally strong stocks and patience. Tandon favors engineering over aviation, expresses reservations about IT’s near-term prospects due to AI, and urges prudence in banking, particularly with public sector banks.Read More
The Indian rupee is poised to hit a new low against the US dollar. Soaring oil prices, driven by the Middle East conflict, are weakening the rupee. This surge in oil costs will increase India’s import expenses and fuel inflation. Foreign investors are also pulling money from Indian stocks, adding further pressure.Read More
Japans Nikkei share average fell to a one-month low on Wednesday. Investors sold risk assets due to escalating Middle East conflict. Chip-related companies led the decline. Oil refinery index was the worst performer. Some software shares and Nidec saw gains. Sony and Nintendo also advanced.Read More
When the closing price drops below the VWAP, it indicates that the stock ended the session below the average price at which it traded during the day, weighted by volume.Read More
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