Latest news with #ChiranjiviChakraborty
Bloomberg
3 days ago
- Business
- Bloomberg
India's MSCI India Index Trails Emerging Market Peer In a Stark Reversal
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. Indian equities are set for another down day, weighed by both technical and fundamental factors — Nifty dropping below a key support level, lack of progress on US trade deal and mixed corporate earnings. Regional markets are also weak ahead of major tech earnings and the Federal Reserve 's policy outcome. Back home, key earnings announcements Tuesday include engineering major Larsen & Toubro, power producer NTPC and Asian Paints.
Bloomberg
22-07-2025
- Business
- Bloomberg
China's $167 Billion Dam Project Fuels Optimism in Metal Stocks in India
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. Indian stocks might open firm this morning, following the overnight bounce on Wall Street. Meanwhile, Bajaj Finance will be in focus after its managing director suddenly resigned last evening — that's definitely got investors talking. On the regulatory front, SEBI's given Jane Street the green light to resume trading in Indian equities, which could give BSE a further boost after its 3% jump on Monday.
Bloomberg
18-07-2025
- Business
- Bloomberg
Indian Markets May Continue Weekly Loss on Tepid Axis Bank, Wipro 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. Indian shares are set to post their third straight week of losses, a streak not seen since early March. High valuations aren't helping, and a disappointing earnings season, especially from the IT sector, is pushing the recovery timeline out further. All eyes are now on Reliance Industries, which is set to report its first-quarter results later today. Meanwhile, solar stocks might take a hit as US rivals call for tariffs on imports.
Bloomberg
17-07-2025
- Business
- Bloomberg
Indian Software Exporters Remain Worst Performers on Weak 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. Indian equities are likely to open with modest gains, buoyed by Wall Street's overnight rally and positive trends in regional markets. That said, activity may remain subdued due to the sluggish start to the earnings season and the uncertainty surrounding the US trade deal. State Bank of India 's large fundraising effort and weekly expiry of options will remain in focus. Also later today, Axis Bank 's earnings report will be closely watched, shifting the spotlight to the banking sector.
Mint
16-07-2025
- Business
- Mint
Indias Volatility Index Dips on Easing Tariff Concerns, Rate Cut Hopes
(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. Local traders are set to start the day on the backfoot following the selloff on Wall Street and a choppy trend in regional markets. Till India's trade deal with the US is sealed, big moves could likely be limited to companies announcing quarterly numbers. Tech Mahindra's results later in the day will be closely watched after underwhelming numbers from TCS and HCL Technologies have further soured the outlook for the IT sector. Volatility cools on tariff relief, rate cut hopes India's 30-day ahead volatility — often called the fear index — has declined to its lowest level since April 2024, reflecting growing investor belief that President Donald Trump's tariff threats are largely rhetorical and aimed at negotiating. Meanwhile, local sentiment is getting a lift after the RBI Governor signaled Tuesday that the central bank will continue to cut interest rates if inflation eases or growth slows. Expanding valuations, shrinking returns Valuations in the BSE 500 index have stretched since June 20, according to analysts at Ambit. They point out that around 43% of the index's stocks trade at more than five times their price-to-sales ratio, compared with about 31% seen during the peak of the 2007 bull market. As a result, median returns have started to shrink. Ambit also warns that inflows into mutual funds may come under pressure, especially as returns from some of the largest small- and mid-cap funds begin to moderate. Ola's long journey to recovery After losing over $5 billion in market value from its peak, Ola Electric's latest quarterly results brought some relief. But the e-scooter maker needs to deliver on the bullish tone struck during its recent earnings call. HSBC analysts see a pragmatic approach in the company's outlook and execution strategy, but warn that most of the potential gains are already priced in. Analyst opinions are split: three recommend buying, three suggest selling, and two advise holding. The consensus points to a modest 6% return over the next year. Three great reads from Bloomberg today: HCL Technologies may have delivered a weaker-than-expected first-quarter performance, but there's still reason for optimism. According to Jefferies, the company's newfound status as the top revenue earner in the IT sector could help it maintain a valuation premium over larger rivals such as Infosys and Tata Consultancy Services. What's more, HCL has raised its growth outlook for fiscal 2026 to 3%-5% — the highest among India's top five IT services firms, Jefferies adds. To read India Markets Buzz every day, follow Bloomberg India on WhatsApp. Sign up here. --With assistance from Ashutosh Joshi, Alex Gabriel Simon and Kartik Goyal. More stories like this are available on
