Global Stock Market views.

*FED POWELL TESTIFIES*:

 

-FED'S POWELL: IF INFLATION CONTINUES TO BE HIGHER THAN FORECAST, WE WILL HAVE TO RAISE INTEREST RATES MORE OVER TIME.

-FED'S POWELL: WE WILL USE OUR TOOLS TO REDUCE INFLATION.

-FED'S POWELL: WE ARE MOST LIKELY TO REMAIN IN AN ERA OF VERY LOW INTEREST RATES.

-FED'S POWELL: THE ECONOMY NO LONGER REQUIRES EXTREMELY ACCOMMODATIVE POLICY.

-FED'S POWELL: IT'S TIME FOR US TO MOVE AWAY FROM EMERGENCY SETTINGS.

-FED'S POWELL: WE ARE LIKELY TO NORMALISE POLICY THIS YEAR, INCLUDING RAISING INTEREST RATES, AND WE MAY BEGIN BALANCE SHEET RUNOFF LATER THIS YEAR.

*News Update*: FITCH RATINGS: WE PREDICT TWO FED RATE RISES THIS YEAR AND FOUR IN 2023.FITCH FORECASTS THE FED TO RAISE RATES TWICE IN 2022 AND FOUR TIMES IN 2023, RAISING THE FED FUNDS RATE TO 1.75% BY THE END OF 2023. (Sentiment supportive for Global Market)

*Earnings Calendar: 12.01.2022* 

 

INDBANK, INFY, TCS, WIPRO

*INFOSYS:* (Net Profit expected at Rs 5737 crore, up 5.8 percent. Rupee Revenues expected at Rs 30993.0 crore, up 4.7 percent, EBITDA expected at Rs 8180 crore, up 4.4 percent, EBIT margins expected at 23.7, up 0.16 percent on QoQ Basis)

*TCS:* (Net Profit expected at Rs 9940 crore, up 3.4 percent. Rupee Revenues expected at Rs 48410.0 crore, up 3.3 percent, EBITDA expected at Rs 13652 crore, up 3.4 percent, EBIT margins expected at 25.8, up 0.20 percent on QoQ Basis)

*WIPRO:* (Net Profit expected at Rs 2955 crore, up 1.0 percent. Rupee Revenues expected at Rs 20240 crore, up 3.0 percent, EBITDA expected at Rs 4363 crore, up 2.3 percent, EBIT margins expected at 17.6, down 0.1 percent on QoQ Basis) 

*Earnings Calendar: 13.01.2022* 

 

BIRLAMONEY, CESC, GTPL, MINDTREE, TATAMETALI