ποΈ India Inc Continues to roll good and steady last Quater Results. Axis Bank yesterday declared stupendous results. Net Profit Soaring 224% (Y-O-Y).
ποΈ But unfortunately we are stung by Global events. US Record High inflation is nudging US FED to come out and Increase Interest rates.( Stock Markets don’t like it. π.)
ποΈ Crude oil prices remains sticky. Brent trades at 4 years high at $87.17 per barrel. Electric Vehicles are not coming for rescue any soon. It’s going to take atleast a decade for EVs to make any sizable impact on Fossil Fuel consumption. Thankfully India’s Balance Sheet and dollar reserves remains strong.
βοΈ What really troubled markets Yesterday was RUSSIA- UKRAINE standoff, with US Jumping in, it’s going to be good story to watch for. Russian Stock Markets fell over (-8%) yesterday.
βοΈ Chinese GDP growth has slowed down. A Japanese new paper published that Xi Himself is a risk to Chinese Economic growth with his extreme and abrupt policies.
Next 7 days are going to be exciting as US FED starts today and our BUDGET is on 1st Feb.
Bottom line: All these stories will continue to unfold. They were there 10 year back also. Important for investors is to understand Risk Profile and Maintain Asset Allocation.
Cheers.