Stocks in focus: Crisil, Icra, MCX, Balrampur Chini

Bull market or bear market?
Markets are likely to remain under pressure given the global headwinds, rising interest rate scenario and inflationary expectations. Additional sanctions imposed by the US on China will further escalate trade-war tensions and keep the markets volatile.

Stocks likely to be in limelight today?
MCX, Balrampur Chini Mills Ltd, Crisil, Icra

Sectors likely to impact market today?
Credit rating companies, additionally, sugar, listed exchanges and FMCG stocks.

Your mid-term view?
Markets could enter deeper into the profit booking zone given the liquidity tightening scenario. Also, higher valuations will keep investors at bay and prevent fresh buys at least till the volatility persists.

Watch this Zee Business video

What drove markets on Tuesday?
The government's whip to merge three PSU banks created a big wave in the banking sector across the board. In the long-term, the PSU Banks may be able to compete for head-on with the larger private sector banks. However, until further clarity on the merger proceedings, the market will continue to remain jittery.

By: Umesh Mehta
(Author is head of research, Samco Securities and Stocknote)
Source: DNA Money