Dipan Mehta predicts a tough earnings season with volatility and muted earnings for blue chip companies due to high expectations and the base effect. He advises trimming positions and not investing further at these levels. He expects a deeper market correction and suggests booking profits, especially in stocks with suspect fundamentals. Mehta believes that financials may face minor headwinds, but the longer-term positive trends in NBFCs and banks will not change. He advises waiting for earnings results before making investment decisions.
Global Market: Amazon diversifies debt funding with first Sterling bond offering
Amazon has launched its first sterling-denominated bond sale, with four maturities ranging from three to 19 years, as hyperscalers diversify funding sources to finance heavy