- Alert Nearly 95% cash stocks are down 20–90% from highs, leaving many investors stuck. As per market grapevine, many investors are stopping SIPs and shifting funds to bank FD, PPF, small saving schemes and precious metals. In March, salaried investors are reportedly preferring PPF for tax saving instead of ELSS mutual funds.
- As per market grapevine, profit-loss adjustment by HNIs and big players till March-end may keep most cash stocks subdued. Strength may be seen in selected growth-oriented stocks from April.
- No return in 2000 days HUL 0.25%, InfoEdge -0.11%, LTIM +1.30%, UPL +1%, Biocon -0.40%, Kotak Bank -0.61%, IDFC Bank -0.66%, Wipro -1%, Deepak Nitrite -1%, Vodafone Idea -1.3%, Asian Paints -1%, Infosys -1.50%, Dabur -2%, Zydus Wellness 0.58%, Igarashi Motors 0.20%. As per market grapevine, many equity SIPs have stopped while gold and silver SIPs have risen in the last 4–5 months. FIIs have sold around Rs.31,000 cr. in March so far.
- Nomura says Asia is at the epicentre of energy supply risks if disruptions at the Strait of Hormuz continue. A prolonged disruption of over one month may trigger stagflation with higher inflation and slower growth. Most exposed economies include Thailand, South Korea and India due to heavy dependence on Middle East oil and gas imports passing through Hormuz. Sustained disruption may push oil prices higher and slow economic growth across Asia.
- Several popular stocks are sharply down from their highs, including Trent, Macrotech Developers, Swiggy, Dixon Technologies, Suzlon Energy, Cochin Shipyard, Coforge, Godfrey Phillips India, Tata Investment Corporation, Hexaware Technologies, Kaynes Technology India, PhysicsWallah, Sumitomo Chemical India, KIOCL, Meesho and many more.
