Sensex and Nifty down amid rising oil prices, Russia-Ukraine crisis

Due to the ongoing crisis between Russia and Ukraine, oil prices are increasing and its direct impact is on inflation in the global economy.

According to the Indian government data, retail CPI is 6.95% and WPI is 14.55%.

Due to the high inflation level interest rate hike in the US market due to which US 10-year bond yield is running at its 4 year high.

According to reports, increasing Covid cases in China due to which a complete lockdown has been done in Shanghai from 1 April 2022.

The biggest reason behind today’s market fall is disappointing quarter 4 results from large-cap heavy weightage like TCS, and Infosys.

The operating profit margin of TCS declined by 1.68% in Q4 of FY 22 as compared to the same quarter last year.

TCS’ employee expenses were up 20% on a YOY basis in quarter 4 financial year 22.

HDFC Bank’s results in Q4 FY22 were also lower than the Analyst’s expectation.

FY22 Quarter 4 results below expectations

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