Yen slide deepens as Takaichi triumph in Japan election paves the way for more stimulus
In a bold turn of events, the Japanese Yen lost some ground against the US Dollar after Prime Minister Sanae Takaichi’s party achieved a remarkable supermajority. This victory opens the door for increased government expenditure, prompting investors to dissect the impending fiscal plans.
Indian rupee to gauge sustenance of foreign flows, bonds back to supply worries
This week, Indian markets are on high alert for pivotal economic data, as traders keenly observe foreign portfolio inflows that could dictate the rupee’s trajectory. Meanwhile, bond investors are attuned to the balancing act of demand and supply. The rupee recently surged following the announcement of a trade deal between the U.S.
Should long term investors bet on Aye Finance IPO?
Aye Finance is set to raise ₹710 crore via a fresh issue and ₹300 crore through an offer for sale. This move aims to bolster the company’s capital. The micro and small enterprise lender has seen significant growth in its loan book and net profit.
Asian stocks rise, Nikkei jumps after Takaichi win
Asian markets opened higher, mirroring a Wall Street surge. Investors are showing renewed interest in cyclical stocks, moving away from technology. This shift comes as markets assess demand and intense scrutiny on artificial intelligence valuations. A strong performance in Japan’s Nikkei 225 index also boosted sentiment. This sets a dynamic tone for the week ahead.
Stake of local institutions in Indian cos hits new high
Domestic institutions have reached an all-time high ownership of 18.72% in Indian firms, surpassing foreign investors whose stake fell to a 14-year low of 16.6%. This shift is driven by steady inflows from systematic investment plans, wealthy individuals, and increased equity exposure from pension funds, with mutual funds leading the charge.
RBI signals pause after December cut as inflation pressure edges up
The Reserve Bank of India’s rate cuts may be over. Economists predict a pause as inflation pressures rise and growth prospects improve. Trade deals with the USA and EU boost economic outlook. The central bank has kept its policy rate steady. This suggests monetary policy easing is largely complete. Some still anticipate one final cut.
ICICI Pru’s Anish Tawakley moves to DSP Asset Managers
Anish Tawakley, co-chief investment officer for equities at ICICI Prudential Asset Management Co., has resigned from his position. He managed a significant ₹1.07 lakh crore across several funds, including the Large Cap and Small Cap funds. Tawakley is now slated to join DSP Asset Managers as its chief investment officer.
Tactical Play: Investors can consider gilt funds with bond yields elevated
Investors can now consider gilt funds for tactical fixed income allocations. Long-tenure government bond yields have risen, offering attractive opportunities. Fund managers suggest current yields on the 10-year G-Sec present a sensible entry point. This move aims to capture elevated yields and potential capital appreciation. Investors can benefit from coupon payments and rising bond prices […]
D-Street likely to raise more toasts to US deal
Indian stock markets are set for a positive start on Monday. This follows the announcement of a broad India-US trade deal over the weekend. Positive global cues, including a strong Wall Street performance, are also supporting the market. Sectors expected to benefit from the deal may see investor interest.
Goldman traders warn stock selling isn’t over
US stocks face renewed selling pressure this week from algorithmic funds, according to Goldman Sachs. These trend-following strategies are expected to remain net sellers, potentially triggering billions in outflows. Investor sentiment remains high, with markets nearing “max fear” despite a recent S&P 500 rebound.