NOMURA HOLDINGS
China's ecommerce companies are getting singed by a price war
The likes of Alibaba, Meituan and JD.com have been flooding consumers with discounts and coupons to gain market share in the booming one-hour delivery segment, burning their cash in the process, eating into margins, and raising questions from investors on strategy.
Japan's stressed bond market, stocks brace for PM Ishiba exit reaction
Japan's stressed government bond market and soaring stocks are set for more volatility on Monday after the resignation of fiscal hawk Prime Minister Shigeru Ishiba.
US bond market may be too sanguine about underlying fiscal, inflation risks
Some investors are worried about the United States bond market. They see risks from recent market moves. They are concerned about White House pressure on the Federal Reserve. This pressure is for interest rate cuts. Investors also worry about long-term fiscal risks. The bond market's health is a concern. Some think the market is underpricing risks.
Will FPIs campaign to unnerve DIIs or vice versa? Amid foreign exodus, Nilesh Shah says stay focused on these 2 things
Kotak AMC’s Nilesh Shah urges investors to focus on growth and governance as FPIs cut holdings to a 13-year low. Despite foreign outflows, domestic resilience, strong GDP growth, and GST reforms support Indian markets, highlighting long-term opportunities amid short-term volatility.
Mizuho’s India deal with Avendus is said to stall on valuation
Mizuho Financial Group's attempt to acquire a majority stake in Avendus Capital has encountered obstacles due to disagreements over valuation and KKR's exit strategy. Despite the current challenges, negotiations are still in progress, with both parties striving to finalize the deal. This potential acquisition follows Sumitomo Mitsui's investment in Yes Bank, highlighting Japanese lenders' growing interest in the Indian market.
Japan 30-year auction tests a jittery bond market as global yields surge
Global debt markets are uneasy due to increasing fiscal deficits. Japan's super-long government bond auction is the latest test. Thirty-year bonds are a pain point for Japan, the US, and Europe. Investors demand higher yields for holding longer debt. Japan's Ministry of Finance aims to sell 30-year paper. Political uncertainty and global yield increases affect the JGB market.
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Is your stock portfolio ready for GST 2.0? Council meeting may rewrite market playbook
The GST Council meeting is anticipated to bring significant reforms, potentially boosting sectors like autos, consumer durables, and discretionary consumption. Analysts predict that a GST rate cut of 7-10% could lead to price reductions, spurring demand. Experts believe these reforms could trigger a strong consumption upcycle, especially benefiting lower-income households and driving growth in various sectors. Stock market investors are rejigging portfolios accordingly.
India bonds rise on hopes of support from authorities
Indian government bonds experienced a rise on Wednesday, fueled by optimism that both the government and the Reserve Bank of India would offer support following a recent selloff. The benchmark 10-year bond yield saw a decrease. Traders are hopeful the RBI will address concerns about mark-to-market losses, with discussions ongoing regarding the second half borrowing program.
Treasuries stabilize after debt-sale jitters and budget concerns rattle markets
Treasuries stabilized in Asian trading following corporate-debt sales and budget worries that impacted bonds and stocks. US 30-year bond yields remained near 5%, affecting tech shares, while Japan's ultra-long bonds also declined. Investors are navigating economic data, tariffs, Fed policy, and fiscal outlooks as the S&P 500 experiences minimal gains.
Goldman Sachs trims stake in smallcap firm, stock drops over 3%
Shares of Zinka Logistics Solutions, parent of trucking platform BlackBuck, dropped 3.5% after Goldman Sachs offloaded a 2.74% stake worth Rs 295 crore via a bulk deal. Nomura India bought a 2.3% stake in return. Despite the sell-off, the stock has gained over 34% YTD, reflecting investor interest in the tech-led logistics player’s strong growth trajectory.
India’s surprise GDP flattered by data calculation, analysts say
India's recent strong economic growth of 7.8% in the April-June quarter is likely overstated due to statistical factors, particularly a lower deflator. Economists suggest the deflator, influenced by volatile food prices and wholesale price index, artificially inflated the headline figure. Despite the boost, the economy faces challenges from increased US tariffs, potentially impacting growth forecasts for the fiscal year.
Mahindra's SUV sales to dealers dip for first time in over 3 years ahead of India tax cut call
Mahindra & Mahindra experienced its first sales decline in over three years in August, attributed to moderated dealer dispatches pending a government decision on lower consumption tax. While SUV sales dipped last month, they remain up 15% for the fiscal year. Buyers are delaying purchases in anticipation of potential price reductions following the upcoming GST council meeting.
Rs 35,000 crore FII selloff in August. Can GST reforms, tariff relief and a strong GDP print turn the tide?
Foreign institutional investors withdrew Rs 34,993 crore from Indian equities in August, the sharpest monthly selloff of 2025, driven by U.S. tariffs and weak earnings. Financials and IT led sectoral outflows. Despite strong GDP growth at 7.8%, India has slipped in EM fund preferences. Analysts expect GST reforms and policy signals to revive FII sentiment.
PM Modi is seizing on Trump’s tariffs to cut India taxes, red tape
Prime Minister Narendra Modi surprised officials by announcing GST cuts in his Independence Day speech, aiming to boost demand as India faces US tariffs. The government is fast-tracking reforms to simplify taxes, reduce compliance costs, and attract investment. Panels have been set up to push next-generation reforms, with economists projecting 6.5% growth supported by low inflation and stable macro indicators.
TPG-backed SK Finance said to shelve Rs 1,600 crore IPO after weak demand
SK Finance, backed by TPG Inc., has shelved its planned Indian IPO due to insufficient investor demand, even after reducing the valuation and offer size to 16 billion rupees. The non-bank lender, focusing on vehicle financing and small loans, secured regulatory approval in August 2024, which is expiring soon.
Ola Electric shares rally 5% on policy talks to speed EV adoption
Shares of Ola Electric rose up to 4.7% on reports that Niti Aayog has called a high-level meeting with top two-wheeler makers to push electric motorcycles. While EV scooters already command nearly 15% of their segment, motorcycles—two-thirds of India’s two-wheeler market—have just 0.1% penetration, posing a key challenge to the government’s broader electrification goals.
Bubble risks grow as China bull run defies economy angst
Despite China's economic struggles with tariffs and a property crisis, its stock market is experiencing a significant bull run, adding almost a trillion dollars in market value. This surge, driven by investors seeking alternatives, contrasts sharply with concerning economic indicators like low inflation and weak domestic demand.
India’s blazing bond rally collapses as fiscal worries resurface
India's bond market has seen a sharp reversal, with investors now demanding higher returns, pushing yields to a two-year high relative to the central bank's policy rate. This shift, driven by fiscal concerns and worries about government borrowing, contrasts with the earlier rally fueled by RBI bond buying.
Rs 32,000 crore FII selloff in 8 sectors! Time for a U-turn now?
Foreign institutional investors withdrew nearly Rs 32,000 crore from key Indian sectors in early August, driven by U.S. tariff concerns and weak earnings. Financials and IT stocks experienced the largest outflows. However, brokerages believe Prime Minister Modi's GST reforms could reverse this trend, potentially turning India's underweight status into a reallocation opportunity.
Sell India, buy China, Korea! Dalal Street now largest underweight for EM investors
Nomura’s analysis of EM holdings shows that in July, investors cut their relative exposure to India, while boosting allocations to Hong Kong/China and Korea.
JSW Cement to triple capacity to 60 million tonnes a year, aims to be among top-5 players
JSW Cement's Rs 3,600-crore IPO has opened, with plans to triple manufacturing capacity to 60 MTPA. Managing Director Parth Jindal said the company may tap capital markets for funding. The IPO received 29% subscription on day one. JSW Cement aims to be among the top five players post-expansion, leveraging internal accruals and potential stake dilutions for faster growth and acquisitions.
India risks 1% GDP hit as Trump slaps 50% tariffs over Russian oil
Trump 50% tariffs on India: Analysts predict India's GDP growth could decline by up to 1% due to the US doubling tariffs on Indian goods in response to continued Russian oil purchases. This move threatens to reduce Indian exports to the US significantly, impacting labor-intensive sectors and potentially forcing India to seek alternative markets.
TPG-backed SK Finance set to launch Rs 1,600 crore IPO next week: Report
SK Finance Ltd., supported by TPG Inc., is anticipated to launch its IPO as early as next week, having scaled down the offering size. The IPO aims to raise approximately 16 billion rupees, a reduction from the initially planned 22 billion rupees. Proceeds will be allocated for lending and general corporate needs.
Tata stocks lose over Rs 8 lakh crore in 11 months. Is it time to revisit your portfolio allocations?
Tata Group's market capitalization plummeted by over Rs 8.25 lakh crore in 11 months due to global economic uncertainties and sector-specific challenges. Major stocks like TCS, Tata Motors, and Trent experienced significant declines, impacting overall group performance. While some stocks showed resilience, the substantial value erosion prompts investors to reassess their portfolio allocations.
JSW Cement IPO: Company raises Rs 1,080 crore from anchor investors ahead of issue
JSW Cement secured Rs 1,080 crore from anchor investors before its IPO launch. The IPO opens on Thursday and closes on Monday. It includes a fresh issue and an offer for sale. Funds will support a new facility and debt repayment. The IPO price is Rs 139-147 per share.
Bullish IPO debut: Peter Thiel-backed crypto giant targets $4.2B valuation—is the new crypto wave knocking on Wall Street’s door?
Bullish IPO 2025 is making headlines as the Peter Thiel-backed crypto exchange prepares for a massive $4.2 billion debut on the NYSE. With strong support from Wall Street giants like J.P. Morgan and interest from BlackRock and ARK, Bullish is setting the tone for a new era of institutional crypto investing. The company’s regulatory-compliant model, massive $3B+ asset reserve, and strategy to convert IPO funds into stablecoins make it stand out. Backed by CoinDesk and built for serious traders, Bullish could redefine crypto’s role in traditional finance.
What's at stake in Trump's tariff battle with India?
India is preparing for potential economic challenges. Donald Trump's tariffs against India are set to begin soon. These tariffs could significantly impact India's GDP and exports to the United States. Key sectors like jewellery and seafood may face job losses and reduced competitiveness. Trade negotiations are ongoing, but disagreements persist over agricultural imports.
Tata Motors shares drop over 2%: What’s behind the decline and is it time to invest?
Tata Motors shares: Investor sentiment took a hit under the pressure of U.S. President Donald Trump’s proposed 25% reciprocal tariffs, dragging the stock lower.
Japan's Nikkei flat as markets await key central bank decisions and looming tariff deadline
Japan's Nikkei share average ended flat on Wednesday as investors braced for a three-day period that will see policy decisions from the Federal Reserve and Bank of Japan, followed by U.S. President Donald Trump's deadline for trade deals.
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