Posted 4/14/2024, 10:38:17 AM
Markets Face Headwinds Amid Geopolitical Tensions, Inflation; TCS Earnings Mixed With Margin Growth But Falling Headcount; Mauritius Treaty Changes Spark Investor Concern
- Nifty sees further correction due to geopolitical tensions, stronger dollar, rising yields, and inflation concerns. Support at 22,500, resistance at 22,650.
- Mauritius tax treaty amendment causes investor concern; could dent confidence if done retrospectively.
- TCS Q4 results Margins at 3-year high but headcount falls for first time in 19 years. Other key metrics mixed.
- F&O cues - Metropolis Healthcare, Syngene, TCS added long positions while Page Industries, Sun Pharma saw short building.
- Stocks to watch - TCS, Anand Rathi Wealth, Aster DM Healthcare, Senco Gold, Kolte-Patil Developers, Patanjali Foods, Granules India, Shilpa Medicare.