Indian stock markets are becoming cautious. Geopolitical tensions and rising crude prices are impacting earnings outlook. Investors are in a ‘wait and watch’ mode. Higher commodity prices are starting to build pressure. Companies may raise prices, affecting demand and profits. Valuations are not yet attractive for aggressive buying. Largecaps are preferred amid uncertainty. Financials, telecom, and healthcare sectors show promise.
Uday Kotak questions SpaceX valuation, says only time will tell if we’re in ‘mega bubble’
Uday Kotak described SpaceX’s blockbuster IPO as a test for capitalism, questioning whether investors are backing humanity’s future or fueling a massive bubble. His remarks