Asian share markets slipped today as investors braced for a drastic tightening in global financial conditions, with the risks of the recession still looming.

The Nikkei fell by 1.4% while the Hang Seng was down 1.1%. The Shanghai Composite is trading lower by 0.1%.

US stocks dropped on Friday as worsening inflation expectations kept intact worries that the Federal Reserve's aggressive rate hike path could trigger a recession, while investors digested the early stages of earnings season.

The Dow Jones dropped 1.3% and the tech-heavy Nasdaq Composite ended lower by 3.1%.

Back home, Indian share markets are trading on a positive note.

Benchmark indices opened on a negative note today following the trend on SGX Nifty. But as the session progressed, losses were erased as banking stocks.

At present, the BSE Sensex is trading higher by 163 points. Meanwhile, the NSE Nifty is trading up by 47 points.

SBI and ICICI Bank are among the top gainers today. M&M and L&T are among the top losers today.

Broader markets are trading on a negative note. The BSE Mid Cap index is trading lower by 0.3% and the BSE Small Cap index is trading down by 0.2%.

Sectoral indices are trading on a mixed note. Stocks in the energy, oil, gas, and metal sectors witness selling.

On the other hand, stocks in the banking sector and finance sector witness buying.

Among the best bank stocks in India, ICICI Bank and SBI are up more than 1%. Banking stocks rallied today after HDFC Bank set the stage last week by reporting good quarterly results.

Shares of Sun Pharma and Federal Bank hit their 52-week high today.

In the commodity markets, gold prices trade higher by Rs 159 at Rs 50,419 per 10 grams.

Meanwhile, silver prices are trading higher at Rs 55,625 per 1 kg.

Also speaking of stock markets, note that increasing capital expenditure is a sign of growth.

Understanding how capex works and the benefits it can create for a company is critical for investors who want to build long-term wealth.

After this year's Budget showed a precise thrust on reviving India's capex, aggressive capex plans have become the new normal for many Indian companies.

If history is something to go by, India witnessed one of its strongest capex cycles in 2003-2007. And this is how the market rallied.

Those who capitalized on this opportunity made some of the biggest gains in a decade. 

Owing to increasing capex, smallcap companies could be strong contenders for turning into midcaps in the long run.

In news from the consumer discretionary space, BLS International's share price jumps after an ace investor buys a stake in the company.

BLS International is one of the top three worldwide leaders in its industry and offers visa consultancy services for individuals, students, families, and many other categories.

Renowned investor Shankar Sharma bought a stake in BLS International Services on Friday last week. He bought 11.5 lakh shares of the company in a bulk transaction at an average price of Rs 275.0 per share.

Further, in news from the realty sector, Dilip Buildcon receives a letter of approval from the Gujarat Metro Rail Corporation.

Dilip Buildcon on 15 October received a letter of acceptance from the Gujarat Metro Rail Corporation (GMRC) for a Rs 7020.2 m Surat Metro Rail Project Phase 1.

The project includes the construction of an 8.702-km elevated metro line with seven stations from Majura Gate to Saroli Dead End under Corridor 2 which has to be completed in 26 months.

With the world slowly moving out of the aftereffects of Covid-19, the real estate cycle is strong. Keep the fundamentally strong companies on your watchlist.

Further, in the news from the logistics sector, Lancer Container Lines enters in a new MoU.

Lancer Container Lines has entered into a Memorandum of Understanding (MOU) with the African Peace and Security Union in the spirit of Peace, Friendship, and Mutual Cooperation.

This agreement will help Lancer Container Lines and its subsidiaries to establish a strong business presence in the African hinterland covering interest areas of Port Logistics, ICD Port, warehousing, Shipping, Container Trading, Project Cargo, Container Yard, freight Forwarding, and all related requirements.

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