Pre-market Information: Rate hike signals from FED led global markets to correct

$The US markets have seen a correction. The fears of a rate hike by the FED led Nasdaq to fall around 3%. 

Right now, the Asian markets are also in red following the selling in the US markets. SGX Nifty also indicates a gap-down opening for the Indian Markets.

As per ICRA, the omicron variant may cause a 40 bps loss in Q4 GDP growth. 

Airtel Africa received $ 159 million towards Tower Asset Sale in Tanzania.

Domestic air traffic declined 11% from December 22 to January 4. Because of this, airline stocks may react negatively. 

NHPC said that it has entered into a JV with Odisha Government to develop 500 MW solar plants. 

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p style=”text-align: center”>CLSA expressed a positive view on UPL and raised both the target priceand FY 22-24 EPS estimates.

Raghuveer Jandhyala

Editor, Tax Concept. I have written on market, finance, management, and technology.