Fri, May 26, 2023 5:57 PM
Vidhi Spec Consolidated March 2023 Net Sales at Rs 89.47 crore
A Flip by Ria
“When there is a lot of dry tinder out there, you never know what will set it alight.” - Henry Paulson, ex-US Secretary of Treasury to George Bush in 2006, before the sub prime mortgage crisis broke out Investors in the US have made peace with the realisation that the Fed will not be on an overdrive to lower the rates this year as was thought earlier.
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Oil prices are up around 16% so far this year near $90 a barrel, with supply worries high given escalating Middle East tensions and tit-for-tat attacks on energy infrastructure between Ukraine and Russia. Investors are paying attention. After all, it was an energy price surge two years ago that helped drive inflation and interest rates higher on a scale not seen in decades.
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Shares of IT major Infosys were trading higher by 1% at Rs 1,428 on BSE in Thursday's trade ahead of the announcement of its March quarter earnings which is expected in post-market hours.After falling about 17.5% from the top, the stock is now at an important support level but the underlying trend is bearish. The stock has an important support at Rs 1,350 and resistance at Rs 1,500.
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