are going to start Friday trading deep in the red as global signals increase due to fears of higher rate hikes and high inflation.
Markets in the U.S. fell to 5 percent overnight amid weak incomes and fears of rate hikes. The Dow Jones fell more than 3 percent, the S&P 500 fell 3.5 percent and the Nasdaq fell 5 percent to its lowest level since November 2020.
Global sentiment also threatened when the Bank of England raised interest rates by 25 bp. to 1 percent and raised its inflation forecast to 10 percent.
Today, the market will look at global developments around the Russian-Ukrainian conflict and possible new sanctions against Russia by the EU. The weekend factor can also affect promotions.
Among the shares of Canara Bank, Federal Bank, GE Shipping, Reliance Industries, Shipping Corporation of India and Tata Power will be in the spotlight before them Results of the 4th quarter.
In Art primary market, The Life Insurance IPO (LIC) was fully signed on the 2 day offer period. To date, the issue has generated bets of Rs 20,744, including Rs 5,628 raised from anchor investors. Small investors contributed more than 12,000 crore to the IPO.
Meanwhile, the second-largest IPO this year – the Delhivery issue of Rs 5,235 crore opens for subscription on May 11 at a price of Rs 462-487 per share.