Experts Predict Volatility in Asian Markets Leading Up to Election Results

The Department of Telecom (DoT) has issued instructions to telecom operators to block incoming international spam calls that show Indian mobile numbers. This move comes in response to the increasing number of cyber-criminals using spoofed Indian numbers to carry out fraudulent activities.

According to an official statement released on Sunday, these spam calls, which appear to originate from within India, are actually being made by cyber-criminals from abroad who manipulate the calling line identity (CLI). These calls have been misused in various scams, including fake digital arrests, FedEx scams, drug-related scams, impersonation of government and police officials, and more.

In order to combat this issue, DoT and Telecom Service Providers (TSPs) have developed a system to identify and block such international spoofed calls from reaching Indian telecom subscribers. The DoT has now directed TSPs to implement measures to block these incoming international spoofed calls.

This development comes at a time when the stock market and economy are experiencing volatility ahead of the upcoming election results. Japan’s Nikkei rallied on Monday morning, and the MSCI’s index of Asia-Pacific shares outside Japan also saw gains. In the previous trading session, both the Sensex and Nifty closed flat amidst volatility.

Experts are closely monitoring macroeconomic data and fourth-quarter earnings reports, with key results expected from companies like Life Insurance Corporation of India, Tata Steel, and more. The market outlook remains positive, with sustained momentum expected in the short term. The upcoming Lok Sabha election results are also anticipated to impact FII flows and market sentiment.