Latest news with #AlexGabrielSimon
Mint
08-07-2025
- Business
- Mint
Indian Rupee Underperforms Most Emerging Asian Currencies on Tariff Worries
(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Stocks may open higher today after President Donald Trump indicated that a trade deal with India could be reached soon, and the country avoided receiving a tariff letter unlike some of its peers. Investor attention will also be on the BSE and stock brokerage firms, following a recent study that revealed a worsening trend of losses in derivatives trading among retail investors. Retail traders drop over 1 trillion rupees in F&O Individual investors lost over 1 trillion rupees dabbling in equity derivatives in the year ended March, a SEBI study released late Monday shows. That's a sharp jump from 748 billion rupees the year before — even after the regulator introduced measures late last year to curb excessive speculation. The findings come just days after SEBI temporarily banned Jane Street, accusing it of misleading retail participants through alleged index manipulation. Jane Street has denied the claims. Jane Street curbs may hit options volumes, Nuvama earnings The temporary trading ban on Jane Street may dent options volumes and weigh on earnings for intermediaries like Nuvama Wealth, which counted the quant firm among its key clients, according to Jefferies. In contrast, BSE may see limited impact, as foreign investors account for only a tiny portion of the bourse's derivatives segment turnover, the brokerage said. Nuvama shares rebounded on Monday after a steep selloff in the previous trading session. Silver may shine in July on seasonality, strong demand Silver tends to perform well in July, and Ambit analysts say this year could be no different. The silver/gold ratio is currently about one standard deviation below its long-term average, thanks to gold's recent rally. Meanwhile, global green energy policies are boosting silver's appeal as a key industrial metal, they add. Three great reads from Bloomberg today: The Indian rupee was among the worst-performing emerging Asian currencies on Monday, after President Donald Trump threatened harsher tariffs on nations backing 'Anti-American policies' of the BRICS bloc. The rupee slid as much as 0.7% — its steepest in two months — to 86.0262 per dollar. Australia & New Zealand Banking Group expects further weakness, projecting a move toward 86.50 in the coming weeks. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. Sign up here. --With assistance from Bhaskar Dutta, Kartik Goyal and Chiranjivi Chakraborty. More stories like this are available on
Bloomberg
23-06-2025
- Business
- Bloomberg
HDB IPO's Deep Discount Offers Reality Check to Indian Investors
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai.
Bloomberg
28-05-2025
- Business
- Bloomberg
Indian Stock Bulls Count on June For Sustained Gains
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Indian stocks may open lower this morning despite strong global market gains, as traders take a wait-and-watch approach amid limited triggers and sluggish foreign fund flows. However, ITC shares will be in focus due to British American Tobacco's planned sale of a stake worth at least $1.36 billion.
Bloomberg
01-04-2025
- Business
- Bloomberg
Big Take Asia: Stock Market Fraud Is Booming in India
India's historic stock market surge sparked a retail-investing frenzy that minted millionaires. But the boom also became a breeding ground for financial scams. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Alex Gabriel Simon about the retail investors that have been cheated out of their life savings, and how this influx of scams could undermine Prime Minister Narendra Modi's efforts to promote his nation's stock market to global money managers.
Bloomberg
21-03-2025
- Business
- Bloomberg
Indian Defense Stocks Become Months Best Performer on Eurozone Military Spending
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Indian equities are set for their best weekly gain in nearly three years, with Nifty futures signaling modest gains for the benchmark. That said, it remains too early to signal an all-clear for a full-on market rally, as concerns over US tariff moves linger. Meanwhile, traders will be keeping a close eye on software exporters after Accenture warns Elon Musk's DOGE is hurting sales.
