Latest news with #ChiranjiviChakraborty
Bloomberg
15 hours ago
- Business
- Bloomberg
Rural Demand May Boost Indian Consumer Companies This Earning Season
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 Chiranjivi Chakraborty, an equities reporter in Mumbai. Local equities may ride the uptrend in Asian markets this morning, after the S&P 500 closed at a record high on Monday. The India–US trade deal will be in focus, following a White House statement that both countries are finalizing agreements. Non-bank lenders too will be in the spotlight after the Reserve Bank of India said they remain in good health.
Mint
2 days ago
- Business
- Mint
Global Funds May Shift From Indian Stock Market to China on Improving Sentiment
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 Chiranjivi Chakraborty, an equities reporter in Mumbai. Nifty futures point to a positive start this morning after stocks last week posted their biggest gain since mid-May. Strength in other Asian markets and recent technical breakouts should further boost sentiment. The focus this week will be on HDB Financial's listing and monthly automobile sales data. Strong response for HDB IPO to spur Tata Capital The strong demand for HDB Financial's $1.5 billion initial public offering may nudge Tata Capital Ltd.'s decision-makers into fast-tracking their offering once regulatory approval comes through. The market response to the HDB IPO also signals an appetite for reasonably priced papers at a time when local stocks trade at a near-record valuation. That's the other lesson for Tata Capital, which is poised to be the year's largest IPO: leave something on the table for investors. Near term challenges seen for cement stocks Elara expects cement firms to face monsoon-related weakness, affecting demand and pricing. Also, continued capacity addition is expected to keep utilization levels within a range. However, demand could rebound this financial year, driven by improved execution of government initiatives for rural housing and irrigation, the analysts note. Profitability of local non-ferrous companies can improve: JM JM Financial analysts see steady crude derivatives, weaker caustic soda prices, and stable thermal coal costs aiding the profitability of domestic non-ferrous companies. In particular, aluminum prices are expected to be supported by the 45 metric tonnes per annum cap on Chinese aluminum capacity, higher European defense outlay, and lower LME inventory levels, they note. JM's preferred picks are Hindalco and Nalco. Three great reads from Bloomberg today: The euphoria surrounding India's $5.3 trillion equity market is cooling as earnings growth slows and the government cuts back on infrastructure investment. To make matters worse, improving sentiment toward Hong Kong-listed Chinese shares is threatening to lure global funds away and prolong the underperformance of Indian shares versus their Asian peers. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. . This article was generated from an automated news agency feed without modifications to text.
Bloomberg
2 days ago
- Automotive
- Bloomberg
Global Funds May Shift From Indian Stock Market to China on Improving Sentiment
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 Chiranjivi Chakraborty, an equities reporter in Mumbai. Nifty futures point to a positive start this morning after stocks last week posted their biggest gain since mid-May. Strength in other Asian markets and recent technical breakouts should further boost sentiment. The focus this week will be on HDB Financial's listing and monthly automobile sales data.
Mint
18-06-2025
- Business
- Mint
India's Small-Cap Stocks Set to Beat Larger Peers on Improved Earnings
(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 Chiranjivi Chakraborty, an equities reporter in Mumbai. Another volatile day awaits Indian stocks, with Israel-Iran tensions showing no signs of a let up. Nothing suggests either a breakdown or a breakout with the main gauges in a tighter coil than the broader market. The spotlight will be on BSE's shares after the exchange switched its derivatives expiry to Thursdays, which could impact its newfound heft in the futures and options market. BSE bulls on the backfoot as expiry day battle ends The short-lived expiry-day war between India's main bourses may be over, but not in BSE's favor. NSE has chosen Tuesdays for the expiry of its derivative contracts, prompting the BSE to reschedule its settlement day to Thursdays. This means BSE's expiry day will now follow that of NSE, reversing its previous lead. Goldman Sachs on Monday warned that BSE may face a 3 percentage point loss of market share and an 8% cut in EPS estimate if the bourse chooses Thursday to settle its contracts. Mutual funds emerge as eager buyers in large deals Local mutual funds are increasingly active participants in block trades of key consumer stocks, underscoring growing optimism about a revival in consumer sentiment in the coming months. SBI Mutual Fund, ICICI Prudential Fund, and HDFC Mutual Fund were among the biggest buyers in a $900 million block trade in Asian Paints and a $1.15 billion deal in Vishal Mega Mart. With the block deal market expected to heat up further, cash-flush mutual funds are set to absorb the increased supply with ease. Profit margin recovery may sustain in June quarter Corporate profit margins are expected to remain stable in the 18.2%-18.5% band during the June quarter, thanks to robust demand and easing input costs, including crude oil, coal, and steel, according to ratings firm ICRA. Declining interest rates may provide an additional boost to businesses. It expects some sectors such as electronics, semi-conductors, and niche segments within the automotive space, particularly electric vehicles, to witness an increase in investments. Three great reads from Bloomberg today: India's small-sized stocks are on track to beat their larger peers for a second straight month, with improved earnings prospects pointing to more gains this year. The NSE Nifty Smallcap 250 Index has advanced about 2% so far in June, outpacing a 0.4% gain in the benchmark Nifty 50 index. A 100-basis-point cut in borrowing costs this year, along with the RBI's cash-boosting measures, is fueling optimism that companies catering to domestic demand will benefit more as the economy grows. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. Sign up here. --With assistance from Kartik Goyal. More stories like this are available on
Bloomberg
18-06-2025
- Business
- Bloomberg
India's Small-Cap Stocks Set to Beat Larger Peers on Improved Earnings
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 Chiranjivi Chakraborty, an equities reporter in Mumbai. Another volatile day awaits Indian stocks, with Israel-Iran tensions showing no signs of a let up. Nothing suggests either a breakdown or a breakout with the main gauges in a tighter coil than the broader market. The spotlight will be on BSE's shares after the exchange switched its derivatives expiry to Thursdays, which could impact its newfound heft in the futures and options market.
