Global Markets
It’s time to rebalance portfolio, diversify into global markets: Nimish Shah
“There is a very low correlation between various markets. Therefore when there is a downturn or upturn in any of these markets, the correlation being low, the returns can be different. ”
Plastic labware maker Tarsons India's first company to foray into Rs 24,000 crore global market for PCR, cell culture products
The company got approval from the capital market regulator SEBI on October 29 for the initial public offering. It will raise Rs 150 crore fresh capital, while 1.32 crore shares will be on offer for sale from promoters and a private equity investor.
How India's stock market stacks up against global markets
India went past France to become the world’s sixth-largest stock market as the Sensex crossed 59,000 for the first time on Thursday. The country’s equity market capitalisation—the total market value of all listed companies—rose to $3.44 trillion, leaving France behind at $3.39 trillion. In May, India’s m-cap crossed $3 trillion for the first time. While many markets have been hit by the Delta variant’s spread & concerns over the US Fed winding down asset purchases, Indian equities have surged as retail money has flooded in—more so in absence of other high-yielding investment options. India is the best performer among the top 15 biggest markets in 2021. FPIs have pumped nearly Rs 59,000 cr into Indian equities since January 1 while DIIs have ploughed in Rs 22,600 cr. New listings have helped, adding nearly $65 billion, or Rs 4.5 lakh crore, to India’s m-cap in 2021.
Is the Indian market decoupling from global markets? More a case of resilience, says Gurmeet Chadha
“We will have to be a little watchful as typically rising yields, rising crude prices and DXY being high have not been favourable in the near term for us.”
Swinging to frenetic global market beat
Swing pricing increases or decreases the net asset value of a fund by a pre-announced swing factor, say, 2%, by loading the transaction costs of large exits on those exiting, and of large inflows on those entering, so as to protect the less fleet-footed investors.
Australia shares end flat as inflation data stokes rate-hike bets
Markets were rattled after Australia's core inflation accelerated to a six-year high in the September quarter, fuelling fears that interest rates could be hiked sooner than previously advised by the country's central bank.
D-Street drums up its own beat! But divergence with global markets may not last
India is usually in sync with the global bourses, but not this time! The confidence in the India story remains intact because of a regulatory boost by the Centre for enhancing manufacturing capabilities in various sectors.
Upbeat earnings pull European stocks higher; Reckitt gains on forecast lift
The financial services sector rose about 1% as the world's largest wealth manager, UBS, gained 2.4% after posting its best quarterly profit since 2015, helped by robust trading activity.
Australian shares end flat as gold, energy stocks weigh
The S&P/ASX 200 index ended up 0.03 per cent at 7,443.4. The gold sub-index was down 0.8 per cent, tracking lower gold prices after an uptick in U.S. dollar and bond yields.
PLI scheme will take care of disability cos' face in global market: Textiles secretary Upendra Prasad
"We have been left behind, and countries like Vietnam and Bangladesh have economies of scale which we don’t have. The whole idea of the scheme is to produce global champions," said textiles secretary Upendra Prasad during an interview with ET.
Market bulls continue to run on a one-way Dalal Street
Indian stocks continued their record-setting climb on Monday, ignoring the jitters in global markets as rising bond yields and firming oil prices kept investors on edge. The Sensex inched closer to 62,000 and the Nifty crossed 18,500 briefly for the first time as investor appetite for stocks showed no signs of ebbing despite concerns over elevated share valuations.
End of the summer: 8 events that may shake markets in September
The will-they-won't-they debate over trimming pandemic-era stimulus gets an airing with several G10 central banks holding meetings. A showdown over US national debt alongside crucial elections in Japan and Germany add to the risks.
Global stocks extend rally on earnings; Brent oil hits new peak
Asian and European equities also advanced as traders cheered better-than-expected data indicating the US recovery remains on track, despite inflation concerns and the imminent end to cheap cash.
Stocks seen bullish next week but earnings will dictate market strength
The domestic equity market is expected to sustain its bullish momentum next week, as investors remain uninhibited by softness in global markets. The strong beginning to the September quarter earnings season has improved confidence among investors and speculators alike, but analysts said the earnings momentum will need to sustain in order to replicate this week’s move.
NSE-BSE bulk deals: Ashish Kacholia buys stake in United Drilling
In another transaction, CLSA Global Markets sold 511,761 shares of Vijay Diagnostics at Rs. 562 per share through a bulk deal on the NSE.
NPCI in talks to take UPI, RuPay to global markets
Some of the likely destinations include Gulf countries like Saudi Arabia, the UAE and Bahrain, European and North American countries, Mauritius and Singapore, payment industry insiders said.
NSE-BSE bulk deals: CLSA Global Markets buys stake in RPSG Ventures
In another transaction, Lebnitze Real Estates bought 4.8 million shares of BNK Capital Markets at Rs. 200 apiece through a block deal on the BSE.
Consumption and external sectors showing signs of fatigue, cautions Nomura
The hit to auto sales from chip shortages is likely to spill into October, it said, adding that the country was also reporting coal shortages and power sector companies faced the prospect of importing coal at significant cost.
China’s electricity crunch is world’s latest supply-chain threat
Local governments are ordering the power cuts as they try to avoid missing targets for reducing energy and emissions intensity, while some are facing an actual lack of electricity.
View: What India needs to become a major research hub
India needs pre-eminent research universities to build an advanced technology economy. An ambitious goal can be five research universities in the top 100 rankings within the next 25-40 years. One way is for the private sector to build them.
Indian market may seem to be on steroids, but tread cautiously now
Equity markets worldwide turned choppy this past week, as jittery investors navigated uncertain currents. After a short bout of divergence, the Indian bourses returned to echoing global markets and displayed whipsaw movements in tandem with the overseas peers.
India tops global market in number of finance app installs: AppsFlyer
India topped the global market in the number of finance app installs
Evergrande: Will it be China's Lehman moment?
Global investors are watching nervously as Evergrande Group, one of China's biggest real estate developers, struggles to avoid defaulting on tens of billions of dollars of debt. There are fears this would cause wider shock waves for the financial system
China Evergrande fears consume investors awaiting trading
A major test comes this week, with Evergrande due to pay $83.5 million in interest relating to its March 2022 bond on Thursday. It has another $47.5 million payment due on Sept. 29 for March 2024 notes.
ITC’s valuation discount to FMCG peers at record high. Is it time to buy?
That underperformance has resulted in the discount of ITC’s valuation to the rest of the FMCG pack to expand to a record high of 57 per cent, according to brokerage firm CLSA Global Markets. For CLSA, the steep valuation discount makes the stock a compelling “buy” for the brokerage firm given its optimism for the company’s non-cigarette FMCG business.
Emerging market currencies in a ‘sweet spot’ again
Central banks in developing nations will take center stage this week as assurances that the Federal Reserve is in no hurry to raise interest rates lay the groundwork for an extended rally in emerging-market currencies.
U.S. Federal Reserve likely to announce taper in November, former Fed official says
Waiting until November will give policymakers more data on the labor market's recovery and economic growth, Lockhart told the Reuters Global Markets Forum (GMF).
Which pockets of market may flourish & which ones may get hit by rising inflation
Medium level of inflation tends to be great for commodity companies as well as financial companies, as they benefit both on growth and margins.
Gap-down start for Sensex amid weakness in global markets
Sensex tanks 450 points, Nifty slips below 14,800; SAIL, PNB plunge 5% each.Gap-down start for Sensex amid weakness in global markets
EMs as vulnerable to taper tantrum as in 2013
Emerging markets are not in a more resilient position now compared to the ‘Taper Tantrum’ of 2013, said Nomura.
Hazy rules delink Indian cryptos from global markets
Absence of an arbitrage can sometimes keep crypto prices in India artificially high — as it happened on Monday
Oil diplomacy: India needs allies to gain influence on the global market
India’s willingness to tap new sources like Guyana, Brazil, Canada and Russia has helped decrease supply anxieties. Meanwhile, domestic refineries have upgraded and now possess the flexibility to process crude from different sources.
Know why ETFs are a great way to take exposure in global markets
Siddharth Srivastava, Head – ETF Products, Mirae Assets and Will Tu, Asia Pacific, ICE Data Services will deliberate on opportunities for Indian investors outside the Indian ecosystem.
Banks expect biggest pick-up in loan demand from retail sector, mfg, services: Nomura
The Covid-19 pandemic’s second wave, which struck India in March, wreaked the most damage on loan demand from the services and retail sectors, Nomura Global Markets Research said.
Rice exports expected to be lower in FY22 compared to FY21
Non-basmati exporters said exports of non-basmati rice will be 10 per cent lower compared to FY21, while basmati exporters say that if high freight rates and non-availability of containers continue, exports will be lower by 25 per cent compared to FY21.
Cars fueled by sugar in India will add to food inflation risks
The government will fast-track an ethanol program that will divert as much as 6 million tons of sugar toward fuel production annually by 2025, according to the food ministry.
Sensex and Nifty rise for a 3rd day tracking global markets
Domestic equity benchmarks Sensex and Nifty rose for the third session in a row on Wednesday, tracking a rebound in broader Asian markets as easing in bond yields calmed investor jitters globally. At the closing bell, the BSE gauge Sensex quoted 254.03 points, or 0.50%, higher at 51,279.
Sensex plunges tracking global markets as bank, metal stocks weigh on Dalal Street
The S&P BSE Sensex index tanked as much as 514.23 points to 48,988.18 in the first few minutes of trade.
Farm laws to help Indian produce reach global markets: PM Modi
Prime Minister Narendra Modi said Indian agriculture produce need to reach global markets, justifying the rationale behind bringing in the three contentious farm bills.
5 key takeaways for global markets in 2020
Apart from a few weeks culminating in the 2020 market lows of March 23, stocks managed to shrug off what has been a drastic collapse in global economic activity with significant immediate and longer-term consequences.
Only one number mattered to global markets in 2020
The market is always about what will happen rather than what has happened, and it’s been highly profitable in recent years to buy whenever the market pulls back.
Danger lurks in global markets transfixed by rising bond yields
BloombergJust as an everything rally propels records in the S&P 500 and inflates risk assets, the bond market is emitting a warning signal to investors that a rapid economic rebound comes with its own dangers.
Pace of economic recovery in US no worry for markets: Ben Emons
"The bigger uncertainties ahead of us are more on the policy front. What will the Federal Reserve do? What kind of infrastructure package are we going to get?"
Sensex, Nifty fall 1% on Fed discussions
Tata Steel, Sun Pharma, State Bank of India and ICICI Bank ended down 1.8-2.3%. Tech Manindra was the only Sensex constituent on Thursday that ended with a gain of over 1%. Sensex had hit a record high of 53,129.37 and Nifty touched a record high of 15,915.65 on June 28.
Global markets buoyant as US stimulus package debate looms
Positive momentum from Asia carried through to Europe, with the pan-European STOXX 600 edging up 0.9%.
Diamantaires hike wages up to 10% to woo migrants
Though the decline in production has helped the industry maintain steady prices of polished diamonds, they fear as demand increases in the global markets in coming months they may face problem on the workforce front as migrant workers, who left during the second wave of the pandemic will only return after the kharif sowing is over.
Expert session to grow your small businesses internationally
To help small businesses create a path for themselves and establish themselves in the global market, an eminent panel of experts will deliberate on how to reach customers around the world.
Fast and furious first half of 2021 keeps financial markets at full throttle
Vaccine programmes and some of the biggest fiscal and central bank stimulus ever seen have made for compelling viewing.
TV prices to go up from April as open-cell panels get costlier in global markets
Brands including Panasonic, Haier and Thomson are considering to increase prices from April this year, while some like LG have already raised prices due to hike in prices of open-cell. Panasonic India and South Asia President and CEO Manish Sharma said, "Panel prices are rising continuously and so are the prices of TVs. It is likely that TV prices may increase further by April."
MSME engineering exporters seek PM's intervention on rising steel prices
In a letter to the prime minister, Ludhiana Hand Tools Association President S C Ralhan said that many of the competing countries, particularly China, provide support to manufacturing units by providing steel and other inputs at much reasonable prices to boost competitiveness of their engineering sector in the global markets.
Global equities climb, dollar drops as US jobs data ease inflation fright
U.S. nonfarm payrolls data showed 559,000 jobs were created last month, a sharp increase in hiring from April but below the 650,000 expected from a Reuters poll of analysts.
Exploring possibility of exporting H'ness CB350 to various global markets: HMSI
The company rolls out the bike with over 90 per cent localisation from its Manesar (Haryana) based manufacturing facility. HMSI had introduced the bike in October 2020 and has already crossed 10,000 sales mark in February this year in the domestic market.
Long & Short of Markets: Global market linkages & other top reads
Globally, sectoral trends are clearly skewed towards banking and old economy stocks since the equity rally changed lanes last month.
Modi hails Visva Bharati, says it should help farmers, artisans find global markets
He said Guru Rabindranath Tagore had not envisioned the university as a typical educational institution but one that will help Indian culture realise its full potential.
Kenya giving tough competition to India's black tea export in global market
Further, payment issues with Iran have dented India’s tea exports. Hardly any tea is being shipped to the Gulf nation these days, said industry executives.
World market themes for week ahead: Will it pass or will it last?
Markets saw it coming - they were at record highs well before the first-quarter earnings season saw companies delivering one of the strongest profit jumps on record. The bumper earnings flows were therefore met on markets with a yawn.
India's bond yields increasingly sensitive to global markets: RBI paper
The team analysed the term premium or the difference between the 10 year government security yield and the overnight policy rate as a measure of the term spread.
India is second largest insurtech market in Asia Pacific, S&P Global says
India and China, collectively home to nearly half of insurtech startups in the Asia Pacific, will continue to corner the lion's share of venture capital interest on account of their large and fast-growing insurance markets, the report states.
US Election: 2 bad scenarios come back to haunt global markets
“The key inflection point for markets will be whether the government -- be it Biden- or Trump-led -- is divided,” said Peter McCallum, rates strategist at Mizuho International Plc in London.
Global markets under Trump: Build the Wall (Street)!... and China
While the numbers may have been exaggerated by this year's COVID-19 crisis, most analysts agree that Trump's tax cuts, combined with low interest rates and the online boom, have made Wall Street a winner over the last four years.
European stocks steady after Tuesday's rout, eyes on U.S. inflation data
The pan-European STOXX 600 index rose 0.2 per cent after falling almost 2 per cent on Tuesday as investors offloaded riskier assets on worries that rising U.S. inflation could lead to tighter monetary policy.
Kenya taking over global markets, Indian tea producers look inward for price recovery
In 2020, tea production India fell due to the lockdown. Once the lockdown was withdrawn, it took almost a month for the bushes to come in shape to generate fresh tea leaves and buds. In 2019, India had produced 1,390 million kg of teas.
Rout lands on Nasdaq where shorts are massing, bulls getting out
As the Nasdaq 100 -- trading at more than 5 times annual revenue -- dropped more than 2.5%, volatility in tech stocks jumped by the most since early March.
Inflation debate hits emerging markets
Long the scourge of debt holders and a threat to currency stability, accelerating inflation has already forced policy makers in Brazil and Russia to raise borrowing costs. The Czech central bank last week signaled it could follow suit in mid-year, while Turkey’s monetary authority has pledged to keep rates elevated until there is a significant slowdown in price gains.
World market themes for week ahead: Spring is (finally) in the air
Global equities are down after three months of gains. But markets aren't far off record highs and price falls may reflect a setback for tech mega-caps rather than a wholesale exit from stocks. And with real bond yields deeply negative, a selloff should be short-lived.
Global market fall not a blip, more a modest pullback
I do not think it is going to be anything like what we had in February and March, says Geoff Dennis.
Gold prices today slip on weak trend in global market
Globally, gold prices fell weighed by a steady dollar and fading chances of a new US fiscal stimulus package being finalised before the November elections.
HODL your horses, cryptos face possible hurdles ahead, experts say
Europe and the United States are both working on regulating digital assets and their providers - moves welcomed by investors, who hope the new ground rules will encourage institutional investors to plunge in.
Smartphone brands explore cargo shipment alternatives for imports after China airline ban
The state-run airline, on Monday, suspended all cargo flights on six routes to India for 15 days, citing the risk of rising Coronavirus cases in the country.
OMCs keep petrol, diesel prices unchanged for 11th day
Across the country as well the petrol and diesel price remained unchanged on Monday but its retail levels varied depending on the level of local levies on respective states.
Stimulus hopes ease global markets into explosive fourth quarter
Europe's STOXX 600 index and the euro were up 0.7 per cent and 0.2 per cent respectively before PMI economic data expected to show the region's ongoing gradual recovery from coronavirus slump.
Options on Coinbase Global start trading in robust volume
Monthly options contracts on Coinbase shares started trading for the first time on all U.S. options exchanges, including ones run by Cboe Global Markets, the Nasdaq and the Intercontinental Exchange, on Tuesday.
Nexzu Mobility eyeing global market; in talks for e-cycle exports to US, UK
The Pune-based e-mobility player currently has two scooter models -- Dextro and Dextro + -- and three hybrid cycle models -- Roadlark, Aello, and Rompus -- in its product portfolio, which are produced at its Pune manufacturing facility.
Global markets wary as coronavirus threatens economic reopening
In a more promising sign, E-Mini futures for the S&P 500 recouped their early losses to edge up 0.3% and EUROSTOXX 50 futures added 0.2%. FTSE futures dipped 0.2%.
Global markets retreat on rising second wave fears
On Wall Street, the S&P 500 lost 0.36% on Wednesday but tech-heavy Nasdaq added 0.15% due to hopes of increased demand for various online services due to the epidemic.
5G smartphones to capture 50% of global market by 2023: IDC
"While many of the top vendors have reduced their 2020 production plans to align with the market decline, we've seen most of the cuts focused on their 4G portfolios," said Ryan Reith, programme vice president with IDC's 'Worldwide Mobile Device Trackers'.
As meme stock mania fizzles, Wall Street sees ‘big reckoning’
An index that tracks 37 of the most popular meme stocks is essentially unchanged over the past two months after soaring nearly 150% in January.
Investing lessons from the year markets beat Covid and sprang many surprises
This year has indeed taught us a few lessons, which were mainly about the fact that “price is king” and equity markets always behave in its own mysterious way.
Global equities could receive April boost after a pause in rally
"April tends to be a strong month for risk assets, with monthly returns statistically significant across major markets, said Andrew Sheets, a strategist at Morgan Stanley, adding that higher dividend payments could be a reason behind this rise in shares in the month.
Asia shares cautious as US futures ease; all eyes on Biden plan
Optimism about the US economy has been helped by the vaccination rollout with some 143 million shots given to almost 94 million people, far ahead of Europe's rollout.
Diamond shines as global markets melt
Between February 18 and March 17, crude oil futures slipped 42 per cent, the Sensex 25 per cent, silver 25 per cent and gold 3 per cent.
Take Five: World market themes for the week ahead
It's been an eventful quarter. Brent crude and copper are top performers with respective gains of around 20 per cent and 15 per cent; the commodity-heavy FTSE stocks index is up 4 per cent. Wall Street's 2020 winners, the FAANG stocks, are barely in the black.
Global markets adrift as vaccine rally falters
MSCI's broadest index of Asia-Pacific shares outside Japan was flat.
What happens when stimulus ends? Chinese equities’ 15% plunge shows just that
Central banks around the world are dealing with the aftermath of last year’s multiple interest-rate cuts and trillions of dollars in stimulus.
Sensex plunges 871 pts on weak global cues; Nifty ends below 14,550
Equity benchmark Sensex plunged 871 points on Wednesday due to across-the-board selling amid a negative trend in global markets. The 30-share BSE index ended 871.13 points or 1.74 per cent lower at 49,180.31. While the broader NSE Nifty declined 265.35 points or 1.79 per cent to 14,549.40.Sensex plunges 871 pts on weak global cues; Nifty ends below 14,550
Global markets are performing better than India but the slow recovery here was expected: Vineet Gautam, Bestseller India
Covid-19 is here to stay for a while. But the good part is that we have started to live with the virus now. A lot of industries have started to show better numbers, asserts Vineet Gautam.
Goldman warns the dollar's grip on global markets might be over
While that view is clearly still a minority one in most financial circles -- and the Goldman analysts don’t say they believe it will necessarily happen -- it captures a nervous vibe that has infiltrated the market this month: Investors worried that this money-printing will trigger inflation in years ahead have been bailing out of the dollar and piling furiously into gold.
India must return to more liberal trade policy regime, ink FTAs with UK, EU: Arvind Panagariya
With a low corporate profit tax rate, labour law reforms, GST, and bankruptcy law, a massive privatization programme on the anvil, and measures to de-stress the financial sector under way, the country is poised to take on to global markets in a major way, former Niti Aayog Vice-Chairman Arvind Panagariya said.
Tokyo stocks open higher tracking Wall Street as Fed continues easy policy
The US central bank showed an optimistic view about the outlook for the American economy, but Federal Reserve Chair Jerome Powell cautioned a full recovery remains far off.
Citigroup tweaks model portfolio to be more defensive, cites elevated valuations
Citi has a target of 14,800 on the Nifty by December this year which implies a minor downside from current levels.
Rakesh Jhunjhunwala awaits windfall as Nazara Tech all set to hit IPO mart
The online gaming company has already emerged as a long-term wealth creator in the market for unlisted shares, having delivered 70 times return in last 15 years.
Shares, dollar cheer US stimulus, bonds downcast
The benchmark Nikkei 225 index was up 1.03 percent or 298.67 points at 29,162.99 in early trade, while the broader Topix index edged up 0.97 percent or 18.32 points to 1,914.50.
Take innovative products like Khadi denim to global markets: Nitin Gadkari to Walmart
The minister said that the target now is to provide 5 crore more jobs in the MSME sector while increasing export share to 60%.
Current economic scenario in India as well as global markets is challenging: Chandrasekaran
Addressing shareholders at the first annual general meeting of the company which has been formed after the merger of Tata Global Beverages and consumer products business of Tata Chemicals, Chandrasekaran said the situation arising out of the coronavirus "situation has progressively improved" though some of the challenges will persist in the short term.
PLI Scheme, OpenRAN will help India's telecom vendor ecosystem grow, says Airtel
There will be 5G use cases which will be developed in India by local companies who can ship these use cases to global markets, he said. The government is expected to notify 5G trials shortly.
China's billionaires club swells as market rally offsets virus pain
The size of China's exclusive billionaire's club has almost doubled in the past five years as the world's number two economy continued to outpace most others, and its ability to mostly avoid the worst of the coronavirus meant it was one of the few to expand in 2020.
Central banks will happily ignore inflation-mongers
After a decade of underestimating inflation, central bankers in the United States, Europe and Japan have every reason keep money taps open and policymakers are even rewriting their own rules so they can let price growth overshoot their targets.
European stocks rebound as bond markets stabilise, UK outperforms
The pan-regional STOXX 600 index rose 1.7%, tracking strong gains in Asian markets, while data showed manufacturing activity picked up pace in major euro zone economies in February.
Chinese investment in Australia plummets amid tensions
The annual tracking study from the university's East Asian Bureau of Economic Research recorded A$1 billion ($783 million) of Chinese investment in 2020, consisting of real estate (45%), mining (40%) and manufacturing (15%) deals.
Asia’s central banks have built a buffer against surging yields
The increase reflects intervention in foreign-exchange markets and positive valuation effects that pushed total holdings to $5.74 trillion, just shy of the record $5.8 trillion hit in 2014.