Indian markets are currently experiencing significant activity across various sectors. Pharma companies like Glenmark, Dr Reddy’s, and Lupin are making advancements. Credit card spending is expected to rise, potentially benefiting SBI Card. Several companies, including Birla and Raymond, are venturing into real estate. However, real estate demand is currently subdued, and oversupply in MMR might pressure prices in the future.
Global Market Today: Asian stocks waver as oil gains fuel inflation, rate concerns
Government bonds in Japan, Australia and New Zealand retreated, following declines in Treasuries during the New York session. Weak demand at a $70 billion sale