MARKETS STORM
Gautam Adani¡¯s power play gains backers to fight back with full force amid US bribery storm
Adani Group denied bribery allegations and received strong support from investors and legal experts. Stocks have started to recover as both domestic and international backers expressed confidence. Legal charges focus on securities and wire fraud, not bribery, Adani said. The group remains financially resilient despite challenges and aims to continue its ambitious projects while navigating legal scrutiny.
Weathering the storm: India Inc is adopting all-season sales strategies
India Inc is taking advantage of weather changes to push off-season sales and integrate new features in products. Companies like Dabur, Voltas and Blue Star are promoting products for all-year use. Efforts include new advertising campaigns, adding non-seasonal products, and expanding category opportunities to maintain steady revenue despite erratic weather patterns.
Crisil Ratings confident of Adani Group's financial flexibility to weather US bribery storm
Crisil Ratings has maintained a positive outlook on the Adani Group, citing its financial flexibility and business strength despite bribery charges against top executives in the US. This follows recent downgrades by agencies like Fitch and Moody's. Earlier this month, the US Department of Justice and SEC issued an indictment and civil complaint against Gautam Adani and other Adani Green Energy officials.
Adani Bribery Storm: No red flags yet from lenders and investors, Crisil says
Adani Group has enough liquidity and cash flow to handle its debt and planned spending. Despite allegations against its chairman, no negative actions have been taken by lenders or investors. The group can adjust its discretionary capital expenditure if needed. All ratings are under continuous monitoring, and any regulatory impacts will be closely watched.
Ride out the storm before the lull
Indian equities experienced a correction due to foreign investors' selling and slowing earnings, but valuations remain high. Despite this, India's economy shows resilience with potential benefits from US-China trade tensions and a stable rupee. Domestic institutions have helped stabilize the market, and a rate-cutting cycle by the Reserve Bank of India is anticipated.
Stocks that weathered the storm could gain 10-37% more
Despite a broad market sell-off since September, which has seen stocks fall by 15-50%, a select group of stocks with market caps above ?5,000 crore, including Paradeep Phosphates, Mastek, and Neuland Laboratories, have bucked the trend, with potential for further gains of 10-37% according to analysts.
Oil slips as US storm threat eases, China stimulus disappoints
Oil prices dropped due to easing supply concerns and a disappointing stimulus plan from China. Investors had hoped for increased fuel demand from China. The stimulus package fell short of expectations, impacting oil consumption. U.S. storm concerns eased, further contributing to the price drop. Despite this, U.S. refiners continue to operate at high capacity.
Sexy or sensational? Ukraine's army ads stir up a storm
In Kharkiv, Ukraine's military units are using eye-catching advertising campaigns, including posters featuring models and social media posts, to recruit more soldiers amidst a manpower shortage due to ongoing Russian advances. Brigades compete to attract recruits by promoting their unique advantages like modern equipment and competitive salaries.
Raghuram Rajan asks Madhabi Puri to use Caesar¡¯s wife playbook amid Sebi storm
SEBI Chairperson Madhabi Puri Buch is under scrutiny from multiple fronts, including a US-based short seller and political entities, over allegations of conflicts of interest and unethical practices. Former RBI Governor Raghuram Rajan emphasized the need for transparency and detailed responses to these claims to maintain credibility. Meanwhile, SEBI employees also accuse Buch of fostering a toxic work environment.
Euler Motors forays into LCV segment; drives in two electric models
Euler Motors has entered the light commercial vehicle market with two new electric four-wheelers designed for inter and intra city use. The company aims to expand its presence in the electric small commercial vehicle segment, starting with major cities like Delhi, Chennai, Mumbai, and Hyderabad.
Oil prices rise on concerns of wider Middle East conflict, US storm
Oil prices rose on Tuesday due to concerns over the conflict between Israel and Hezbollah affecting supply in the Middle East and a potential tropical storm impacting U.S. output. Brent crude futures increased by 0.3% to $74.11 a barrel, while U.S. crude futures rose by 0.3% to $70.61.
Oil eases on resuming US output after storm, rising rig count
As U.S. Gulf Coast production and refining activity resumes, investors have opted to offload oil contracts going into the weekend, said Bob Yawger, director of energy futures at Mizuho in New York.
10-year benchmark yields hit 30-month low of 6.82% on falling oil prices
Yields on the 10 year benchmark yields softened to a 30-month low to 6.82%, tracking a softening in the US bond yields due to a fall in crude oil prices yesterday. This is the lowest level since March 31st 2022, LSEG data showed.
Oil climbs over 1% after slide as US inventory drop, storm support
Oil prices rose over 1% on Wednesday, recovering some losses from the previous day. A drop in U.S. crude inventories and concerns about Hurricane Francine affecting U.S. output countered worries about weak global demand. Brent crude futures increased to $70.29 a barrel, while U.S. crude futures reached $66.86.
Oil prices rebound on fears of supply disruption from tropical storm
Crude oil prices rose on Wednesday as concerns about Tropical Storm Francine disrupting supply outweighed demand worries. Brent crude futures increased to $69.58 a barrel, while U.S. crude futures reached $66.19 a barrel. The storm has led to the suspension of some production facilities in the Gulf of Mexico.
Oil prices edge up as storm nears US Gulf Coast after week of heavy losses
Oil prices rose about 1% on Monday due to concerns over a hurricane forecast to hit Louisiana, potentially disrupting production and refining along the U.S. Gulf Coast. Brent futures increased to $71.84 a barrel, while U.S. WTI crude settled at $68.71. The Gulf Coast accounts for about 50% of the country's refining capacity.
Oil prices jump $1 on Gulf Coast storm, post selloff recovery
Oil futures surged by a dollar on Monday as a potential hurricane approached the U.S. Gulf Coast, and markets rebounded from a selloff due to weak U.S. jobs data. West Texas Intermediate crude rose 1.48% to $68.67 a barrel, while Brent crude increased 1.39% to $72.05 a barrel.
Shine Through the Storm: Gold & Silver ETFs as safe havens in volatile markets
Gold and Silver ETFs offered a cost-effective method for portfolio diversification, attracting significant investments from Indian investors. Gold ETFs were preferred as a safe haven during economic instability, and Silver ETFs benefited from industrial demand. The revised tax policy further increased their attractiveness for investors seeking a balanced strategy and protection against inflation.
Market storm may not be over yet, volatility will continue and new themes will emerge: Ajay Srivastava
Ajay Srivastava discussed the challenges and strategies in stock market investment, emphasizing the importance of selecting and selling stocks wisely amid current market volatility. He noted the growth potential in the insurance sector and cautioned against certain PSU and overpriced chemical stocks, advocating for long-term investment in fundamentally good stocks.
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