Markets have started the week on a cautious note, reflecting rising pressure on the global economy. These tensions are expected to persist in the near term as US military actions expand and global travel advisories for US citizens remain in place. The collapse of the June ceasefire between the US and Iran has pushed crude prices to touch $90. Analysts said the probability of future rate hikes is increasing as inflation and global bond yields continue to trend higher. At the same time, the initial set of Q1 earnings has been encouraging, driven largely by PSU banks, oil and gas and metals.
Here are 2 stock recommendations for Friday
