Latest news with #SamieModak
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Business Standard
4 days ago
- Business
- Business Standard
Demand for non-US assets revives flows into emerging markets: Macquarie
Investors are narrowing spreads between US and non-US assets Samie Modak New Delhi Listen to This Article Emerging markets (excluding China) saw $13 billion in foreign inflows in May — the highest since December 2023 — according to Macquarie. This surge, following months of outflows, was driven by renewed investor appetite for non-US assets. India ($2.3 billion), Taiwan ($7.6 billion), and Brazil ($2 billion) led the inflows. Macquarie strategists Viktor Shvets and Kyle Liu noted that 'American exceptionalism is eroding gradually, not collapsing,' which is fostering a slow rise in US risk premia and avoiding disorderly asset repricing. Investors are narrowing spreads between US and non-US assets, benefiting the Eurozone, Japan, and emerging markets with strong secular
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Business Standard
4 days ago
- Business
- Business Standard
Flawed to say domestic flows alone inflate India's valuations: Ridham Desai
Samie Modak Sundar Sethuraman Mumbai Listen to This Article The domestic markets have traded at a premium to emerging market (EM) peers long before the domestic investment boom, says Ridham Desai, managing director and chief India equity strategist, Morgan Stanley India. In an interview with Samie Modak and Sundar Sethuraman in Mumbai ahead of Morgan Stanley's annual India Investment Forum, Desai said sustained foreign portfolio investor (FPI) flows will depend on India maintaining its appeal as a stable and high-return market. Edited excerpts: What has driven the Indian stock market's sharp rebound from the April lows? The market's recovery can be assigned to three factors.
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Business Standard
6 days ago
- Business
- Business Standard
Street Signs: Nifty hits the 25K wall, SAT's gavel comes down hard, more
The Securities Appellate Tribunal (SAT) will resume proceedings on Monday after a three-week summer recess Samie Modak Khushboo Tiwari Mumbai Listen to This Article Nifty hits the 25K wall, searching for a crack The Nifty 50 index ran into resistance at the 25,000 mark last week, failing to break through convincingly. The benchmark slipped 0.4 per cent to close at 24,751 as selling pressure intensified near the psychological threshold. Analysts expect the market to remain in a consolidation phase in the absence of fresh triggers. Dhupesh Dhameja, derivatives research analyst at Samco Securities, said the market remains on an upward trajectory as long as it stays above its 20-day exponential moving average, but the 25,100 level is proving hard to crack. 'A decisive breakout
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Business Standard
12-05-2025
- Business
- Business Standard
No contest between India and Pakistan markets amid geopolitical tensions
At least 15 Indian companies individually surpass Pakistan's entire market cap, with Reliance Industries alone valued at five times Pakistan's total Samie Modak Sameer Mulgaonkar Mumbai Listen to This Article Amid recent geopolitical tensions, the Indian and Pakistani stock markets have moved in tandem in the past few days. However, Pakistan's market pales in comparison to India's, which remains in a league of its own. India's market capitalisation (mcap), which stands at $5 trillion, is the world's fifth-largest and operates on a vastly different scale than Pakistan's. At least 15 Indian companies individually surpass Pakistan's entire mcap of $46 billion, with Reliance Industries alone valued at five times Pakistan's total. Over the long term, Pakistan's stock market has significantly underperformed India's. Despite a 60 per cent surge in
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Business Standard
11-05-2025
- Business
- Business Standard
Equity markets stared down the barrel - but now, the trigger's pulled
Bordering on peace tested: Past shots fired, but this bullet strikes closer to home Samie Modak Mumbai Listen to This Article India's equity markets have weathered 11 past flare-ups with nuclear-armed neighbour Pakistan with little lasting damage. According to Anand Rathi, the sharpest fall — 14 per cent during the 2001 Parliament attack — was largely driven by global headwinds. Indian equities even outperformed the S&P 500 during that period. The full-blown Kargil War saw no correction, and foreign portfolio investors (FPIs) kept buying through both events. But the current escalation — marked by open hostilities and advanced weaponry — could test that resilience. After holding steady, markets wobbled on Friday: the Sensex and Nifty fell over 1 per cent, and
