Today is #WorldPopulationDay, which reminds us that while #ElonMusk is determined to contribute to increasing the population, he has also managed to upset the existing one, by backing out of the Twitter deal. Good thing that the markets were more stable, than Musk’s mood. 1/7
Talking about the “impending recession” seems to be the trend. So, it was a surprise last week, when both the #Sensex & the #Nifty went ↑ by almost 3%. Potential reasons? Maybe the cooldown in the prices of #commodities. This helps sectors like #Auto, #Realty, & #FMCG. 2/7
So naturally, both the #NiftyFMCG & #NiftyRealty were ↑ over 5%. #NiftyAuto was also ↑ 3.5%. In fact, every sectoral index was painting the town green. Global indices were also mostly up. The S&P 500 was ↑ 1.94% & the #NASDAQ100 ↑ by 4.6%. 3/7
Reason being, that there was optimism on meeting #inflation expectations which may mean that the #USFed will be less aggressive, on #ratehikes. The #FTSE100 though, was ↓ 2.8%, thanks to #recession fears. 4/7
Interestingly, the potential recession has spooked commodity prices, like metal & oil, and caused a reduction in them. In fact, the earlier rise in commodity prices is expected to reverse. This is obviously good news for the import-dependent #Indianeconomy. 5/7
Why does this matter? #India in recent weeks is facing the spectre of a depreciating #Rupee. #RBI released a slew of measures to control the fall. A falling rupee makes #imports expensive for India. So any fall in commodity prices is welcome. 6/7
Uncertainty remains a concern as evidenced by the strong #dollar index. #Volatility and #geopolitical tensions will play their part in the market story. For you, as an investor though, holding your #equity investments in place is a better option than fearful selling. 7/7
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