MEASURE RISK AVERSION
Investors in other markets would be envious of India multiples: Rich Handler, chief executive of Jefferies
Jefferies CEO Rich Handler believes Indian equities remain reasonably valued despite the market correction and says easing long-term capital gains taxes could attract foreign investors. He sees opportunities in India's AI and data centre sectors, argues that global capital outflows reflect external pressures, and believes concerns about an AI bubble warrant a healthy pause rather than alarm.
China, Hong Kong stocks fall as US tech rout sparks AI bubble fears
Chinese and Hong Kong stocks took a hit as American tech shares slumped overnight, fueling worries about the durability of the artificial intelligence surge. This uncertainty cast a shadow over investor confidence across Asia. Nevertheless, the Chinese mainland market saw some recovery driven by bargain hunters supported by government measures, though analysts caution that tech stocks in China are still at risk from global market changes.
Aswath Damodaran trims his Anthropic IPO valuation to $1.45 trillion; Dean of valuation explains why
Valuation expert Aswath Damodaran has lowered Anthropic's estimated worth to $1.45 trillion, citing concerns over governance, regulatory hurdles, infrastructure costs and profitability. He also outlined four investment strategies to manage uncertainty surrounding the AI company's potential IPO.
Democrats’ win rattles Trump trades from AI stocks to crypto
The recent Democratic majority in Congress triggered a downturn in global markets, most notably impacting technology stocks. Investors are now wary about President Trump’s policies and their implications for AI investments. Conversely, solar stocks saw an uptick, signaling potential changes to clean energy regulations. Additionally, Treasury yields dropped as heightened oversight dampens fiscal stimulus hopes, while cryptocurrencies also fell amid uncertainty surrounding upcoming industry regulations.
Diwali 2026: Sensex plunged 10,000 points, Nifty dropped 12% since last Diwali. Will Samvat 2083 bring some relief?
Dalal Street heads into Samvat 2083 after a turbulent year that saw the Sensex plunge over 10,750 points and the Nifty shed nearly 12% since last Diwali. The Iran-US conflict, elevated crude oil prices, persistent FII outflows and AI-led IT selloff weighed on sentiment. Can easing headwinds revive the market?
Swiggy may rebound to Rs 190, but charts do not signal a trend reversal: LKP’s Vatsal Bhuva
LKP Securities’ Vatsal Bhuva sees continued downside risks for Nifty and Bank Nifty, while identifying potential rebounds in Swiggy and HDFC Bank. He also recommends Oriental Hotels and Apollo Hospitals, citing improving technical indicators and favourable chart setups.
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Rupee little changed this week as oil-fueled declines wipe out early gains
The Indian rupee experienced a decline for the second day in a row as rising oil prices dampened market confidence. Following a brief uptick at the start of trading, the rupee ended lower against the US dollar. Brent crude prices have surged to a five-month peak, raising worries about energy supply interruptions. This led to a pullback from technology stocks as investors flocked towards safer investments like US Treasuries.
Yen shines as AI jitters spur safe-haven rush
The Japanese yen reached its strongest level in over a month due to increased safe-haven demand. Concerns about the sustainability of the AI spending boom affected currency markets as US Treasury yields fell. Brent crude futures rose above $114 per barrel following geopolitical tensions in the Middle East. Economists expect the Bank of Japan to consider an interest rate hike soon.
D-Street poised for positive start as GIFT Nifty signals gains
Benchmark indices encountered significant pressure as both US bond yields and crude oil prices climbed above $104 per barrel. Foreign portfolio investors sold equities amounting to Rs 12,943 crore while domestic investors acquired Rs 10,703 crore in shares. Analysts express concerns that potential breaches of support levels might lead to further market declines.
Foreign capital is slipping away. Can India lure investors back?
India faces a tougher battle for foreign capital as FPI outflows rise and global investors shift money towards AI, semiconductors and manufacturing hubs in Taiwan and South Korea. India’s FDI prospects remain resilient, but policy uncertainty, tariffs, regulation and weak manufacturing competitiveness could determine whether it can attract long-term global investment.
Fed review finds supervisory delays contributed to Silicon Valley Bank failure
Federal Reserve supervisors knew of Silicon Valley Bank's weaknesses early. Action was delayed despite identified vulnerabilities in the bank's balance sheet. The bank collapsed after a rapid run on uninsured deposits exposed its issues. A culture of risk aversion and unclear authority contributed to supervisory inaction. Measures are now being implemented to strengthen oversight and examiner flexibility.
Dollar holds gains, yen slips as Mideast energy shock deepens
Currently, the dollar stands firm near its weekly highs, whereas the yen is on a downward trajectory, fueled by apprehensions surrounding energy supply. Producer prices in the U.S. ticked up as expected, further strengthening the dollar's performance. Brent crude futures have risen past the $100 mark, leading to increased scrutiny on upcoming U.S. CPI data before the Federal Reserve's interest rate deliberations.
Equity investment only way to deal with inflation: Dhirendra Kumar
"Inflation adjustment happens naturally in equity and not in fixed income."
Economic impact of COVID-19 to weigh on asset quality of banks in FY'22: Fitch
State-owned banks, with their limited capital buffers, will be more vulnerable to the impact of the pandemic than private-sector peers, and the government's plan to pump $5.5 billion into these lenders over fiscal 2021 and 2022 is unlikely to be enough, Fitch said.
Risk-aversion will be self-defeating for banks: RBI Governor Shaktikanta Das
Das said there is a scope for banks to improve their ability to avert frauds from happening and added that their risk frameworks should be able to “smell vulnerabilities”
RBI won't buy corporate bonds unlike other global central banks: Shaktikanta Das
The industry, especially the NBFCs have been demanding that the central bank do direct intervention in the bond markets by buying corporate bonds. But it has instead been flooding the system with liquidity to facilitate fund raising.
From IL&FS crisis to Templeton fiasco, how & why the debt market crisis unfolded
Liquidity crunch and risk aversion have been major issues plaguing the financial sector.
RBI should allow one-time loan restructuring for worst-hit sectors: Keki Mistry
‘Hospitality, airline, hotels and real estate are sectors where a lot of jobs get created’
Government guarantee could spur lending to MSMEs
Finance minister Nirmala Sitharaman announced that Rs 3 lakh crore of collateral-free loans will be offered to MSMEs of upto 20% of their loan oustanding at the end of Febraury.
Govt-backed credit guarantee needed to ensure banks overcome risk averseness while lending: CII
This will ensure banks to overcome their risk averseness and enable full fructification of the Reserve Bank of India's (RBI) timely intervention announced on Friday, it said in a release on Sunday.
ET Poll: RIL, HDFC Bank among top picks for New Year
Analysts say broader market is likely to rise if govt announces measures to boost growth.
Realty firms likely to face liquidity crunch on NBFC woes: Fitch
Builders that rely on refinancing from NBFIs with weak financial profiles will be the most affected if these conditions continue.
Budget 2019: Finally, shadow bankers heave a sigh of relief
The government will infuse Rs 70,000 crore capital into state-run banks to boost credit to oil the economy which has been facing some headwinds of late.
Why the Dollar Index is no longer key measure of risk aversion
Movement of the dollar index is losing significance as a key gauge for measuring risk aversion among global investors in Indian equities and the investment outlook.
Govt has limited options to prop up rupee: Morgan Stanley
The rupee has depreciated 7.4% against the dollar since January and over 30% since last August, as dollar became the most sought-after currency.
Markets discounting more turmoil but Greece unlikely to exit EU : Peter Cardillo, Chief Market Economist, Rockwell Global Capital
One of the reasons why we saw the equity market reverse course yesterday was because of the sudden surge in the dollar.
Re ends at 2-week low on choppy stock trades
Rupee fell to its lowest in nearly two weeks on Wednesday as the euro lost ground against the dollar.
Sovereign debt risk: Impact on Asia
Raise domestic demand, reduce dependence on external demand for goods and services and reduce reliance on volatile external capital for domestic investment.
Markets hanging in limbo on Greek crisis: Kirby Daley
ET Now talks to Kirby Daley, Senior Strategist, Newedge Group.
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