Indian market is steady ?

The Fed will convene once more today and tomorrow. In order to reduce the rising and ongoing persistent inflation, they are anticipated to boost rates once again. The Fed Chairman Powell and other Fed Governors, on the other hand, have recently made suggestions that it could be time to reduce the rate of hikes. Because of their more dovish attitude, FIIs have been net sellers in December (to the tune of Rs. 5500 crores), which has increased market pressure.

Yesterday, the Indian markets remained steady. Despite the fact that it debuted with a gap down, the charts seem strong. The Nifty was able to close the early gap and gradually reverse the losses later in the day. The rupee fell 0.3% against the dollar and was trading at 82.53 per dollar.

Yes Bank:

According to ET News, Yes Bank will get Rs 5,100 crore this week from Carlyle Advent International. Since reaching $15.70, the stock has been climbing toward its 52-week high. The stock is becoming a favourite among the investors.

HDFC Bank:

HDFC Bank is not far from its 52-week high. The majority of research firms are bullish on this large cap company, so investors looking for steady profits might consider purchasing it.

Maruti:

The performance of the Maruti share price has been impacted by the dismal Global NCAP rating for Maruti vehicles. Since October, when it dropped from 9769 to 8660, the stock has been in a correctional phase. Given that it has fallen more than 11% from its peak and seems to have factored in all bad news, it would be a good time to buy now for the long run.

IPO:

The IPO of Abans Holdings is negatively impacted by the depressed market mood. Only 11% of the stock was subscribed on the first day of the IPO. The subscription may increase during the next two days, therefore it needs to be regularly monitored.

Sula wine is appeared to be expensive but one may apply with a long term view because they are market leader in India.

Start ups:

According to Ken India, Tiger Global is facing historically large losses. It has reduced the value of its private funds by almost 25%, which translates to a loss in assets of $42 billion. To $15 billion, its public investment arm has decreased by 60%. The tap has significantly dried up in the year 2022, which is bad news for Indian startups.