Quarterly results cause concerns in the stock market, The problem with the Houthi rebels is getting bigger. Iran has sent a warship to the Red Sea in retaliation for the US Navy’s attack and destruction of three of its stocks. The fear of what will be affected by this has echoed in the markets of Asian countries
Do quarterly reports affect stock price
In December, manufacturing indices in China and Australia fell. This means that industrial production has decreased there. Due to these reasons our markets also suffered setbacks
The third quarter results will be out soon. In particular, traders started ‘profit booking’ on the assumption that IT sector companies were unlikely to make huge profits.
On the first day of January, foreign institutional investors have sold our country’s stocks to the tune of 855 crore rupees.
Gradually, the number of people affected by corona infection is increasing and it is worrying.
The protest of heavy vehicle drivers has gained attention. Until now, hitting and fleeing from a vehicle was punishable by up to two years.
Under the new rules, such ‘hit-and-run’ cases carry a jail term of 10 years. Motorists are fighting against this amendment. Traders are concerned that cargo traffic may be affected due to this
As the market closed, pharmaceutical stocks were well up. Autos, Real Estate, Capital Goods, Banks, IT stocks declined.