Wednesday, November 16, 2022

Earnings upgrades likely to be limited amid slower recovery

This isn't good news for the market, which is trading at higher valuation multiples than its historical averages, said analysts. In the past three months, 215 companies in the NSE 500 index have seen earnings downgrades, compared with 145 upgrades.

from Economic Times https://ift.tt/JAX9BGz

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Asian shares start cautiously, dollar edges down

Asian shares opened cautiously amid anticipation of fresh trade news influencing US asset demand. The dollar weakened as trade tensions and ...