NPR's top stories about business, money, Wall Street, companies and the economy that you can't miss. Subscribe to the Business Story of the Day RSS feed.
259: Top News Podcast: JPMorgan sees more downside in IT stocks, HDFC Bank hikes lending rate and more
Manage episode 330934158 series 2969664
Tekijältä CNBC-TV18 and How’s It Going?. Player FM:n ja yhteisömme löytämä — tekijänoikeuksien omistajana on kustantaja eikä Player FM ja ääntä lähetetään suoraan heidän palvelimiltaan. Napsauta Tilaa -painiketta, kun haluat seurata Player FM:n päivityksiä tai liittää syötteen URL-osoitteen muihin podcast-sovelluksiin.
Indian benchmarks Sensex and Nifty50 ended Tuesday’s choppy session over a percent lower as inflation fears gripped the street owing to a spike in crude oil prices and a firm dollar.
Meanwhile, JPMorgan sees further downside in the IT stocks as growth in earnings is likely to be impacted owing to multiple reasons including inflation. The brokerage’s analysts had last month downgraded the tech sector to ‘underweight’ citing soaring inflation, supply chain issues and the impact of the Ukraine-Russia war.
In this edition of Top News Podcast, CNBCTV18.com’s Kanishka Sarkar will share the latest on stock markets, the Covid-19 pandemic, what’s on the agenda of the GST council meeting, and more.
Dr Chandrakant Lahariya, epidemiologist, public policy and health systems expert said COVID is not a reason to worry now because most of the population is vaccinated and therefore, it’s not a big cause of concern, especially unless there is a new variant reported from different settings.
Meanwhile, sources say the GST Council is likely to meet in the second half of June and discuss the possibility to cover virtual, digital and crypto assets under the GST.
Tune in to Top News Podcast for more
In case you have any queries or suggestions, please write to us at firstname.lastname@example.org