HSBC has downgraded India to underweight, citing inflationary pressures from elevated oil prices and demand as key concerns. The brokerage anticipates a delay in India’s economic recovery, with potential earnings cuts expected to impact valuations despite recent market sell-offs. This downgrade reflects weakening relative attractiveness for Indian equities compared to regional peers.Read More

Indian stock markets declined nearly 1% on Thursday, mirroring losses in Asian benchmarks as Brent oil prices surpassed $100, fueling cautious sentiment. Analysts anticipate range-bound trading until strong market triggers emerge, with the Nifty closing at 24,173.05 and Sensex at 77,664.Read More

The Reserve Bank of India became a net buyer of $7.4 billion in February, a shift from January’s net sales. This likely benefited from a stronger rupee after the India-US trade deal announcement. The real effective exchange rate (REER) for the rupee decreased in March, indicating undervaluation and supporting export competitiveness.Read More

Shapoorji Pallonji Group is nearing the closure of a ₹25,400 crore debt raise by May 15, featuring annual coupons around 18.75%. This fundraising, part of Project Ascent, will utilize USD bonds and bespoke loans to refinance existing debt, including bonds secured against its Tata Sons stake.Read More

The yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. This shift, expected by 2028, reflects growing yuan internationalization and market demand for currency diversification beyond the dollar.Read More

Indian markets faced pressure on Thursday due to escalating West Asian tensions, with analysts expecting continued weakness. Stalled US-Iran talks and naval blockades are keeping risk sentiment fragile, impacting crude oil, the rupee, and institutional flows. The rupee also extended its losing streak against the dollar.Read More

Markets experienced a corrective session on Thursday, extending previous weakness amid adverse global cues. Key companies like RIL, Infosys, and Adani Energy are in focus due to Q4 results and news developments. Tata Capital reported a 43% net profit growth, while Cyient approved a Rs 720 crore share buyback alongside a weak March quarter performance.Read More

Warner Bros. Discovery’s shareholders approved an $81 billion sale of the company to Skydance-owned Paramount on Thursday, propelling a mega merger that could vastly reshape Hollywood and the wider media landscape closer to the finish line.Read More

U.S. stocks declined amid escalating Iran war concerns and mixed earnings. Hopes for a swift resolution dimmed as Iran tightened control over the Strait of Hormuz and reported air defense activations. Investors also reacted to AI disruption fears in the software sector, with IBM and ServiceNow shares falling, while Texas Instruments surged on positive forecasts.Read More

US markets experienced a sharp decline on Thursday. US President Donald Trump issued a directive for the Navy to engage any boats laying mines in the Strait of Hormuz. This action heightened existing tensions in the region. US forces also intercepted Iran-linked vessels in the Indian Ocean. Investors are closely watching for resolution to these...Read More