Indian equities are poised for gains this week, driven by banking and IT sectors, according to Pankaj Pandey. He anticipates Bank Nifty leading the rally, potentially reaching 25,800, despite previous FII selling pressure. Pandey highlights strong growth visibility in the defence sector, with potential ₹8-10 lakh crore orders in the coming years.Read More
Kenneth Andrade of Old Bridge Capital remains positive on Indian metals due to cost advantages and capital efficiency. He’s cautious about non-discretionary consumer goods, awaiting a litmus test this quarter. The focus fund’s 11% cash position stems from inflows, to be deployed in existing sectors like pharma, metals, tech, and auto.Read More
A report of bids for Rubis from CVC Capital Partners and Trafigura lifted the fuel retailer’s shares 6.7% to the top of the STOXX 600 index. The French company is valued at about $3.5 billion.Read More
This week is packed with macro risk events, including rate decisions from the U.S. Federal Reserve, the Bank of England and the Bank of Japan, all of which could help shape investor appetite for euro zone debt.Read More
Muthoot Finance, India’s largest gold loan NBFC, has raised USD 600 million through an international bond issuance under its External Commercial Borrowing (ECB) programme. The proceeds will fund lending activities, allowing the company to extend more credit across India. The issuance saw strong global participation, highlighting investor confidence in Muthoot Finance’s growth strategy and fundamentals.Read More
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