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Shares of companies like Axis Bank, Apollo Pipes, Apollo Tricoat Tubes, Burger King India, Chennai Petroleum Corporation, Craftsman Automation, Cera Sanitaryware, Greenpanel Industries, GRM Overseas, Deepak Nitrite, Hindustan Fluorocarbons, HDFC Asset Management Company, IIFL Securities, IndiaMART InterMESH, Indian Energy Exchange, Kirloskar Ferrous Industries, Meghmani Finechem, Quick Heal Technologies, Mahindra EPC Irrigation, Music Broadcast, The Ramco Cements, SBI Cards and Payment Services, Reliance Home Finance, Shemaroo Entertainment, Steel Strips Wheels, Sudarshan Chemical Industries, Shiva Cement, Shriram Transport Finance, Supreme Industries, and Zensar Technologies will be in focus as they announce their December quarter earnings today.
Asia stocks fall
Asian stocks fell Monday and U.S. equity futures rebounded as traders weighed concerns about tightening Federal Reserve monetary policy. Treasury yields and crude oil climbed.
Shares fell in Japan, technology stocks retreated in Hong Kong and China’s market was mixed. But gains in S&P 500 and Nasdaq 100 contracts stirred hopes of some respite after one of the worst stretches for global shares last week since the pandemic began. The dollar was steady.
The Fed on Wednesday is expected to signal a March liftoff in interest rates and balance-sheet reduction later this year to help fight inflation. Ebbing stimulus is forcing a rethink about the economic and market outlook.
How the policy shift will affect fixed income is among the key questions. The Treasury yield curve flattened and the 10-year yield rose as high as 1.78%.
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