PRICE STABILITY
Fed survey finds inflation fading as a risk next to debt, trade wars
Financial experts were worried about the US economy. They feared rising debt, a possible recession, and threats to global trade. These concerns were reflected in the bond market, with rising yields on Treasury notes. The potential for a trade war and its impact on global trade flows and inflation added to the anxieties.
Adani Group under fire, once again: The bribery indictment story so far and what next?
Adani Share Price: US prosecutors have accused Gautam Adani and seven others of bribery. They allegedly paid millions in bribes to Indian officials for contracts. Adani Group denies the charges. The company's stocks and bond prices have dropped. Political parties in India are debating the issue. Adani Group may appeal the charges or try to settle.
JPMorgan slashes RIL target price to Rs 1,468 amid sluggish retail growth
JPMorgan lowered Reliance Industries' target price to Rs 1,468, citing weak retail growth and refining margins. Despite challenges, RIL's solar panel manufacturing plans offer potential upside. Shares are trading at Rs 1,232.65.
Stable inflation is important to sustain growth: RBI Guv Das
RBI Governor Shaktikanta Das reaffirmed the central bank's commitment to achieving the 4% inflation target, effectively ruling out immediate rate cuts. His comments come amidst calls for rate reductions from government officials. While acknowledging the need for growth, Das emphasized price stability as crucial for sustainable economic progress, particularly for the Global South.
Price stability bedrock for sustained growth: RBI Guv Shaktikanta Das
Reserve Bank Governor Shaktikanta Das emphasized the importance of price stability for sustained economic growth. He stated that the RBI is committed to bringing down retail inflation to 4% on a durable basis. Das highlighted that the central bank's focus is on anchoring inflation expectations and ensuring the effective transmission of past rate actions to the broader economy.
Effective fiscal-monetary coordination was core for India's success amid a series of adverse shocks: RBI Governor
RBI Governor Shaktikanta Das underscored the importance of fiscal-monetary coordination in navigating India through global economic shocks. He highlighted India's success in managing inflation and supporting growth through effective supply management and structural reforms like GST and IBC. Das emphasized the RBI's proactive policy responses, including front-loaded rate hikes, to address inflation and support growth.
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Morgan Stanley on Chemicals: Remain overweight on Deepak Nitrite raise target for PI Industries
Morgan Stanley maintains a cautious stance on the chemical sector, retaining an "Overweight" rating for Deepak Nitrite but lowering its target price. The sector faces headwinds including pricing pressures and limited growth prospects. While demand shows some signs of recovery, pricing remains a challenge. Morgan Stanley favors Deepak Nitrite for its relative strength and potential in the long term.
RBI warns unchecked inflation could harm India's real economy, despite strong growth outlook
Despite festive spending and a recovering agricultural sector boosting the Indian economy, rising inflation threatens to undermine growth, particularly in industry and exports, according to RBI researchers. While financial markets experience corrections due to a strengthening US dollar and foreign investment outflows, the RBI remains committed to price stability and growth.
Unchecked inflation risks hurting economy despite festive boost, RBI warns in latest report
India's economy, bolstered by festive spending and agricultural recovery, is rebounding from a second-quarter slowdown. However, rising inflation, reaching a 14-month high in October, threatens consumer demand and corporate investments.
ETMarkets Smart Talk: Domestic investors driving India's market stability amid Rs 1.3 lakh crore FII sell-off
The energy sector, especially oil and natural gas, presents substantial potential driven by global demand. Within IT, specific segments like cloud computing and cybersecurity are emerging as growth opportunities following recent market corrections, according to Manish Jain, Managing Director, Bajaj Broking.
IGL, MGL shares nosedive 18% on APM gas allocation cuts for CGD firms
IGL Gas Allocation News: Shares of Mahanagar Gas and Indraprastha Gas dropped by up to 18% after the government reduced the APM allocation by 20% for the second consecutive month. In response, Nirmal Bang downgraded both stocks to a 'Sell' rating, cutting target prices for MGL by 35% and IGL by 31% due to revised EBITDA estimates, concerns over slower growth & narrower margins.
India least exposed to Trump's trade policies, CLSA raises India's overweight to 20 pc over China
A new report by CLSA suggests India is emerging as one of the least affected markets by former U.S. President Donald Trump's trade policies. This resilience is attributed to India's low trade exposure to the U.S., manageable corporate leverage, and declining levels of foreign equity ownership.
CLSA cuts weight on China in favour of India amid speculation of trade war on Trump re-election
CLSA has increased its investment in Indian stocks while decreasing its investment in Chinese stocks. This decision comes after a period of optimism about the Chinese market, which has since faded due to concerns about trade tensions with the US and a lack of significant economic stimulus from Beijing.
Oilfield amendment bill to provide policy stability, says Oil Minister Hardeep Singh Puri
India will soon amend its oil and gas exploration law. The new law will make it easier for companies to invest and operate in India, minister Puri said.The government aims to increase domestic oil and gas production and reduce reliance on imports. India has significant oil and gas reserves, and the government is taking steps to unlock their potential.
Wait for market stability before making big moves: Hemang Jani
And I do think that, though yesterday's move was definitely a bit of a surprise, but even if you are looking at medium-term or one-year kind of perspective, if the stock stabilises around the issue price or a little higher than that, the risk-reward definitely is quite compelling for a 25-30% kind of an upside
Fund Manager Talk | Market can stabilize and gain momentum in Q4: Meeta Shetty of Tata Mutual Fund
In terms of strategy, the Tata India Innovation Fund plans to select stocks that exhibit transformative changes driven by innovation. This includes identifying companies that stand out at the product, service, or business model levels
Long-term impact of the US Presidential Election on the global Bitcoin market
Bitcoin surged post-2024 US elections, fueled by Trump¡¯s pro-crypto stance, with a 27.83% growth. Bitcoin¡¯s future looks bullish, with potential to reach new all-time highs amid favorable US policies.
Diversifying Horizons: Why Indians should consider investing abroad despite a strong domestic market
Global diversification offers Indian investors enhanced risk-adjusted returns by combining the growth of India and the U.S. markets. A balanced India-U.S. portfolio provides stability, currency diversification, and resilience during economic downturns.
Oil prices to remain stable in India with various crude supply options: Union Minister Hardeep Puri
India's oil prices are expected to remain stable despite global geopolitical tensions due to the country's diverse crude oil suppliers and the global oil supply outpacing demand. Union Minister Hardeep Singh Puri emphasized India's successful energy security strategy under Prime Minister Narendra Modi, highlighting the country's focus on affordability, availability, and sustainability.
Waaree Energies shares surge 80% over issue price post 12% gains today
Waaree Energies shares zoomed 12% to a new record high of Rs 2,718, marking the fourth consecutive day of gains. The stock debuted at Rs 2,550, a 70% premium over the issue price. With a strong debut and overwhelming IPO subscription, the stock is expected to have a strong long-term outlook.
Global funds eye India amid financial shocks
A steady influx of foreign capital has positioned the nation's bonds among top performers in developing markets this year, while the country's stock market hit a record high last month, buoyed by robust domestic liquidity. India's appeal is driven by a blend of structural factors: stable political ties with both the US and Russia, capital controls that curb hot money flows, and a currency that's less impacted by big dollar moves than emerging market peers.
Time to buy diagnostic stocks? This is what Hemang Jani has to say
Hemang Jani highlights the stability of diagnostic stocks like Dr Lal PathLabs. He also talks about the midcap stocks' stability and performance despite high debt. Metro Brands and VIP Industries have been underperforming despite a tourism boom. He cautions against Hyundai due to slow growth but sees potential in future market corrections.
RBI orders ban on sanction and disbursal of loans from four NBFCs
The Reserve Bank of India has directed Asirvad Micro Finance Limited, Arohan Financial Services Limited, DMI Finance Private Limited, and Navi Finserv Limited to halt loan sanction and disbursement starting October 21, 2024, due to concerns over their excessive interest rates and non-compliance with established financial regulations.
Inflation to align to the 4 percent target by FY'25-26: Michael Patra
Inflation is projected to align with the 4 percent target in the coming fiscal, according to Reserve Bank deputy governor Michael Patra. He mentioned climate change and digitisation as future challenges to monetary policy. Patra noted that inflation, which peaked at 7.8 percent in April 2022, is expected to average 4.5 percent in 2024-25.
RBI holds inflation forecast at 4.5% ¨C Stability or risk ahead?
RBI Inflation 2024: The Reserve Bank of India has maintained its inflation forecast at 4.5% for this fiscal year, despite concerns over rising food and oil prices. The RBI's decision to keep the repo rate unchanged at 6.5% stems from recent favorable domestic conditions and bountiful rains, aiming to sustainably align inflation with targets.
Iran-Israel clash may hurt India's oil supply, Modi discusses in key meet
Prime Minister Modi chaired a Cabinet Committee on Security meeting to evaluate the West Asia crisis and its potential impact on India. Concerns were raised about how tensions between Iran and Israel could affect India's crude oil supply and trade dynamics, with rising oil costs being a major worry.
Government allocates ?35,000 crore for PM-AASHA to support farmers and stabilize prices
The Cabinet has approved the continuation of the Pradhan Mantri Annadata Aay Sanrakshan Abhiyan (PM-AASHA) with a ?35,000 crore allocation for procuring agriculture commodities at minimum support prices. Additionally, ?24,475 crore has been allocated to subsidise NPK fertilisers for the rabi season, ensuring affordable prices for farmers.
Prices of major agri commodities to stay stable: Govt
The government assures that prices of key agricultural commodities will remain stable during the festive season. Wheat distribution for PMGKAY will be restored, and easing restrictions on rice exports is under consideration. A credit guarantee scheme has been introduced to support farmers against distress sales and post-harvest losses.
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