Has Inflation Peaked After Hitting a 41 Year High? | CA Rachana Ranade

"The existing home sales are clearly going down. The demand for housing, existing home sales especially, is definitely going down. That's a good sign. Now let's try and talk about new home sales. For new home sales also it has gone down from roughly around December it has started to cool off a little bit. And here you can see there is a fall for sure. And now if you go on to the last part if you can see inventory, inventory is rising."

"And with this I believe that the next support for the market which we have already talked about many times is the 15750 mark. I want everyone to note this level 15750 mark will be an important level which will be tested. Um if you are not able to sustain above that then we might see a further crackdown but I believe that 15750 is definitely a very good uh strong support and we might see that market may bounce back from this level."

"Mindtree gave a mind-blowing number, they saw 36.16 percentage jump in the sales yoy basis, EBITDA grew at 41.81 percent yoy basis, PAT was up 37.6 percent yoy basis. In fact, the company has mentioned that they saw highest ever order book of 570 million dollars during the quarter."

"This was their sixth consecutive quarter of more than five percent revenue growth in constant currency so a good result all in all by Mindtree. HCL Tech and TCS both were a mixed bag. In fact, TCS though did not even exceed the expectations and that is the reason why we saw that a TCS stock did not perform really well."

"The Biden government is may propose a three-month gas tax holiday as well. So if they give certain concessions as far as the taxation on gas is concerned, energy basically, so that is where the inflation might again come in control."

"TCS is is fantastic from a long-term perspective, don't worry at all. You have invested in a good stock. It's a fundamentally strong stock, don't worry on that."