CHINESE EQUITIES
Asian stocks climb, Yen rallies off historic lows: Markets wrap
Investors await US jobs report and British election outcome. Unemployment rate expected to remain steady. Chicago Fed President comments on interest rates.
Tesla shares rally over 10% as quarterly deliveries beat estimates
Tesla on Tuesday reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter, as the electric-vehicle maker's price cuts and incentives helped stimulate demand.
Has the global economic environment turned favourable for equities?
Global economy's resilience amidst crises led to surprising growth stability and inflation control. Potential trade war threats loom, while equity markets soar to record highs, indicating positive economic outlook.
Dhiraj Agarwal on the next big trigger for equity markets
At least for a couple of months, China pulled in a large amount of inflows by the global investors. I have not seen the most recent data, but Feb-March they pulled in about $40 million. Something like that happens, it obviously impacts the amount of flow, which could happen in India. So, on the FPI flow, it is just a toss-up. I mean, it is very difficult to predict, honestly.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 43%
While the indices might be witnessing correction on intra intra-basis, the broader markets are still very much under the control of the bulls. There is greater likelihood of bullish sentiment continuing, so be bullish but more than anything else in the long term what matters for a stock is earnings and valuation. So be selective, avoid impulsive investing, and keep reviewing one’s portfolio and stay away from penny stocks especially. It is very likely that some of the penny stocks will fly and be distributed amongst retail investors. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
FPIs infuse Rs 12,170 crore in equities in Jun on hopes of policy reform continuation, eco growth
Staging a strong comeback after general election results, foreign investors pumped Rs 12,170 crore in Indian equities so far in June, mainly driven by expectations of continued policy reforms and sustained economic growth.
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FPIs turn net buyers of Indian equities at Rs 12,170 crore in June so far after two months of selling
Foreign investors stage a comeback in holiday-shortened week, slashing net selling from 14,794 crore in June first week to Rs 3,064 crore at the end of second week.
Let the Chinese come, for Aatmanirbhar Bharat's sake
Modi government addresses delays in Chinese tech workers' visas, crucial for Atmanirbhar Bharat. Streamlining visa approvals for Chinese professionals enhances production capabilities and reduces import dependence in domestic manufacturing units.
Chinese, Indian stocks favored by abrdn on policy boost hopes
Abrdn Plc prefers Chinese and Indian stocks over Japanese peers in the next 3-6 months, anticipating policy moves to attract fund inflows.
Higher ability to withstand volatile market: 5 large cap stocks from different sector with right level of RoE and upside potential of upto 32%
In the last ten years, there are many industries which have either emerged as fresh plays or there are some which have emerged due to the fact that troubles they were facing have gotten over. This led to the emergence of a new set of large cap companies. A number of them have a strength which is not easily replicable either because of the fact that industry is such that it can have only one or two players, in case of other the need of service and size of the industry is so big that there is room for everyone to grow and this particular player has its house in order to grab bigger share and grow more efficiently. The reason why it is important to focus on such players is the fact that these players will have an alpha when it comes to growth. Also a big reason is that the growth path of these companies is stronger than many others.
FPIs take out Rs 14,800cr from equities in Jun on poll results, attractive Chinese stock valuations
Foreign investors withdrew nearly Rs 14,800 crore from domestic stocks in the first week of this month, influenced by India's Lok Sabha election results and attractive valuations of Chinese stocks.
Own midcaps? Do a check & balance exercise to avoid decision of haste: 7 midcaps from different sectors with an upside potential of upto 49%
Every now and then the market goes through phases, where it prefers a certain set of stocks, not based on sector but based on the overall market cap. So, sometimes it is large caps, at other mid-caps. Now this partially happens, due to the flows which are coming to markets. For example, if more flows are coming to mid-cap or multicap schemes there is bound to be out performance in the mid-cap space. Now what it does is that it tends to create a sudden surge in mid-cap. Similarly when there is an outflow like the kind of one which we saw in March this year, midcap stocks tend to decline sharply. Essentially, it is the flows which impact the broader matrix of how midcaps behave. So there are phases not owning a midcap stocks appeared to sin and then there phase, where owning them appears to be sin. But if one focuses on the underlying business and some critical parameters, there is a possibility of getting rid of these phases of anxiety which keep coming to the street and create long term wealth.
FPIs net sellers of Indian equities at Rs 14,794 crore in June so far
Foreign portfolio investors were as unenthusiastic in June so far, as they were in April and May when they offloaded shares worth Rs 38,158 crore. Domestic institutional investors, however, continued to repose their faith in D-Street and remained on the buying side.
China’s exports surge more than expected in boost for economy
Beijing is relying on sales abroad to offset weak consumer spending at home, where a real estate slump has led households to tighten their belts.
Sensex climbs 300 points ahead of RBI MPC decision, Nifty above 22,900
The domestic benchmark equity indices, Nifty50 and Sensex, started the day with gains on Friday, as investors anticipated the Reserve Bank of India's policy meeting. It is widely anticipated that the RBI will maintain interest rates unchanged during the meeting.
Sensex zooms over 800 pts, Nifty above 22,850 as Modi magic helps calm D-Street
For the second consecutive day on Thursday, Indian benchmark equity indices, Nifty50 and Sensex, commenced trading on a higher note. Banking stocks led the upswing as Narendra Modi is poised to secure a third term in power, with two crucial allies pledging their support to establish a new government.
HUL, Dabur among 25 stocks in JP Morgan’s ‘overweight’ India portfolio after election results
JP Morgan categorized 25 stocks as 'overweight' post the Lok Sabha election results. It recommend positioning for potential spot-up and volatility-down scenarios
FPIs take out Rs 25,586 cr from equities in May on poll jitters, attractive valuations in China
GDP growth numbers released on Friday painted a very optimistic picture. Q4FY24 GDP growth came in at 7.8 per cent surpassing the 6.7 per cent expectation, while the full-year FY24 growth stood at 8.2 per cent
Mark Mobius turns bullish on Chinese stocks amid recent rally
Mark Mobius turned bullish on Chinese equities, citing confidence in the recent rebound after advising investors to avoid them in April.
FPIs take out Rs 22,000 crore from equities in May amid poll jitters, Chinese mkt outperformance
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
FPIs net sellers of Indian equities at Rs 22,046 crore in May so far
The trend started in April when FPIs offloaded shares worth Rs 8,671 crore though domestic institutional investors showed keenness on remaining buyers. On Friday, FIIs were net sellers of Indian equities at Rs 944.83 crore versus Rs 2,320.32 buying by the DIIs.
D-Street opens marginally higher tracking gains in global peers; Fed minutes in focus
Benchmark equity indices opened higher, tracking gains in global equities. Investors focused on Federal Reserve's policy meeting minutes for rate cut clues. Uncertainty prevails over India's national elections outcome and foreign selling impact on Indian equities. Sensex pack includes major companies like Reliance Industries and UltraTech Cement, among others. BSE Sensex and Nifty50 show marginal increases.
Divergence in foreign and local bets hints at a volatile future
Foreign fund managers are cautious about Dalal Street's prospects amidst poll uncertainty, while domestic investors are optimistic about Nifty. Global interest in Chinese stocks affects foreign investments. FPIs, retail investors, and HNIs hold divergent positions. Concerns over NDA performance and market valuations impact strategies. Market indicators signal potential risks and opportunities.
From Tokyo to New York, stock markets are on a record-hitting spree around the world
Equity markets worldwide are experiencing highs. In the US, the S&P 500 and Nasdaq 100 indexes hit records this week, while the Dow Jones Industrial Average crossed 40,000 for the first time ever. Meanwhile, the biggest bourses in Europe, Canada, Brazil, India, Japan and Australia are currently at or near their peaks.
India stocks set for biggest monthly FII outflows in a year on election risks, China appeal
Global investors have pulled a net $3.5 billion from India’s stock markets so far in May, on course for the biggest withdrawal since June 2023, according to data compiled by Bloomberg.
Banking stocks drive Sensex 111 pts higher from deep red; Nifty above 22,100
Indian equity indices surged, with Sensex and Nifty posting gains. Top gainers included Asian Paints, Sun Pharma, HDFC Bank, TCS, Axis Bank. Tata Motors faced downgrades while Cipla reported a significant profit surge in March 2024.
Gold Price Today: Yellow metal opens above Rs 72,000/10 grams; silver at Rs 84,637/kg
Gold prices held steady on Monday as investors awaited key U.S. inflation reports, which could shed more light on the timing of the Federal Reserve's first rate cut.
As Fed bets are repriced, global fund managers look at cheap China; haven plays in Korea, India & Japan
Corporate reforms in Japan and South Korea will support a value thesis, according to JPMorgan Asset Management and AllianzGI. Meanwhile, M&G Investment Management is attracted by near record-low valuations for Chinese stocks. Other haven plays are exporters and India’s domestic-driven equities. The outlook is even dimmer for currencies and bonds.
Ashmore counters consensus with big bet on China over India
With $6.5 bn invested in emerging equities, the fund has allocated 26% of its EM equity fund to China, while reducing India to less than half that, according to Edward Evans, a London-based EM equities portfolio manager. He cites a divergence in valuations as the main reason for the decision.
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