[ad_1] China’s benchmark stock index rallied the most in two months on Friday, with consumer shares leading gains on expectations of more policy support for the sector. The CSI 300 Index jumped as much as 2.6% to its highest level this year. Officials from the finance ministry, commerce ministry, the central bank and other government […]
Manishi Raychaudhuri flags two key concerns for India’s markets – CNBC TV18
[ad_1] Manishi Raychaudhuri, Chief Executive Officer of Emmer Capital Partners, says two factors make him cautious about the Indian market in the near term: slowing earnings growth and high valuations. “Earnings estimates have been declining since late September, dropping by 6-7%, and this has been broad-based across sectors, be it domestic or international revenue dependent,” […]
Morgan Stanley strategist says slowdown in India temporary, FPIs to be ‘very engaged’ in 2025 – CNBC TV18
[ad_1] India’s earnings slowdown is expected to be a temporary 2-3 quarter phenomenon, after which earnings growth could return to 15-20% annual compounding in rupee terms, according to Jonathan Garner, Chief Asia and Emerging Markets Equity Strategist at Morgan Stanley. Morgan Stanley projects India’s GDP growth at 6.3% for 2024-25 (FY25) and 6.5% for 2025-26 […]
Indian market needs 5-6% more correction for better valuations: Andrew Holland – CNBC TV18
[ad_1] “If the market was to fall another 3-5%, valuations will start to become a little more compelling. We’re getting to oversold territory, particularly in the banking index, which might see bounces,” according to Andrew Holland, CEO at Avendus Capital Alternate Strategies. Company Value Change %Change Holland noted that weaker economic growth and earnings revisions […]
Don’t think the worst of FPI selling in India is over yet, says Pratik Gupta – CNBC TV18
[ad_1] Pratik Gupta, CEO and Co-Head of Kotak Institutional Equities, expects the current wave of foreign portfolio investment (FPI) outflows from Indian markets to persist amid heightened volatility in the coming weeks. Gupta attributes this trend to high valuations in Indian equities, which remain elevated even after a recent 9-10% correction in the Nifty index. […]
Oil rises as Middle East war rages, traders focus on falling inventories – CNBC TV18
[ad_1] Oil prices rose for the second consecutive session on Tuesday, as traders downplayed hopes of a Middle East ceasefire and focused on a tightening global supply and demand balance. Brent crude futures for December delivery were up $1.94, or 2.6%, to $76.23 at 12:24 a.m. ET (1624 GMT). U.S. West Texas Intermediate futures for […]
Chinese stocks fluctuate as traders assess fiscal support – CNBC TV18
[ad_1] Chinese stocks fluctuated in early trading on Monday as investors assessed the potential impact of the support measures announced by the finance ministry over the weekend. The CSI 300 Index swung between a gain of 1.7% and a loss of 0.4%. It capped its worst week since late July on Friday. A Bloomberg Intelligence […]
The Marketbuzz Podcast: Nifty looks for direction ahead of Reliance Industries results – CNBC TV18
[ad_1] Hello and Welcome to the Marketbuzz Podcast on CNBC-TV18. Lets bring you up to speed with everything you need to be aware of before the day’s trading action. All eyes on Reliance Industries results Reliance Industries may announce record date for its bonus issue Nifty looks to breakout from 600-point range […]
Nifty Metal index, stocks outperform in a weak market as China stimulus hopes rise again – CNBC TV18
[ad_1] The Nifty Metal Index is the top sectoral gainer in a weak market in Friday’s trading session. 11 out of the 15 index constituents are currently trading with gains. Stocks like NALCO and NMDC are the top gainers on the Metal index, trading with gains of 3% each. Other names like SAIL, JSPL and […]
Wall Street veteran says China stocks set to surge another 50% – CNBC TV18
[ad_1] The way Jeff deGraaf sees it, hedge funds that sold a record amount of Chinese shares earlier this week toward the end of the CSI 300’s 10-day, 35% surge are in for a world of regret. In fact, says the co-founder and chief executive officer of Renaissance Macro Research, rarely in his more than […]