🖊️ India Inc Continues to roll good and steady last Quater Results. Axis Bank yesterday declared stupendous results. Net Profit Soaring 224% (Y-O-Y).
🖊️ 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. 👎.)
🖊️ 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.
❇️ 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.
❇️ 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.