A Sitharaman masterstroke has the potential to fuel a rally, only if the market doesn’t give more credence to the hawk in Jerome Powell.
PRO Only Highlights
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
– Quarterly performance largely backed by improved realisations
– Medium-term triggers China plus and protectionist measures for tyre industry
– Valuations not inexpensive; but improved medium-term outlook
Indian markets, just like their global counterparts, are reeling under the effects of Taper Tantrum 2.0 with the US Central Bank hinting at aggressive rate hikes commencing from March. However, for Indian equities there is a glimmer of hope that the sunshine from a “market friendly” Union Budget could dispel the dark clouds of funds outflows triggered by a US rate hike. Rewind to a year back, in the midst of the pandemic, the government had presented nothing short of…
