business

Live: Indian equity market braces for weak open after hot US CPI data; BPCL, M&M, Adani Ent in focus

US markets took a sharp knock last night with the Dow Jones clocking its worst drop since March 2023 after US January CPI rises more than expected. Dollar index has jumped to s 3-month high while US 10 year yield has shot up past the 4.3% mark. Meanwhile Asian markets are edging lower amid weak cues from Wall Street and the GIFT Nifty is signalling a drop of over 200 points. Dalal Street braces for a gap down open on Valentine’s Day! Among stocks in focus will be Adani Group firms, IRCTC, BPCL, M&M among others. Catch Nandita Khemka in conversation with Geoffrey Dennis, Independent Emerging Markets Commentator and Hemen Kapadia, Senior Vice President, Institutional Equity, KR Choksey Shares & Securities.

first published: Feb 14, 2024 09:07 am