Saturday, March 07
Tokyo: Japan's economy limped back to meagre growth in the fourth quarter, significantly missing market expectations in a key test for Prime Minister Sanae Takaichi's government as cost-of-living pressures drag on confidence and domestic demand.Fresh off a sweeping election victory, Takaichi's administration is preparing to ramp up investment through targeted public spending in sectors seen as vital to economic security.Monday's data bring sharp focus to the challenge at hand for policymakers at a time when the Bank of Japan has reiterated its pledge to keep raising interest rates and normalise monetary settings from years of ultra-low borrowing costs."It shows that the economy's recovery momentum is not very strong," Meiji Yasuda Research Institute economist Kazutaka Maeda
Mumbai: Corporate revenues in the three months to December surged the most in six quarters, undergirding double-digit profit growth for India Inc for six months in a row, as the biggest goods and services tax (GST) reforms since the 2017 nationwide adoption of a uniform levy drove sales higher in sectors such as automotive, energy, metals and financials. Buoyancy in these large-weighting sectors helped offset the one-time financial impact of India's revamped labour codes on the $280-billion technology outsourcing and communications businesses that collectively have significant weights on the Nifty 50 - just after the financials.128401777 Momentum Seen in FY27 Analysts expect India's corporate earnings to maintain their world-leading, double-digit growth rates in FY27 too, as bespoke trade
Mumbai: Overseas fund managers have cut their bearish derivative bets on India over the past month, from near-lifetime lows in January, encouraged by signs of easing pessimism about the market outlook. But the ease in risk-off sentiment has not been convincing enough for them to go all-out bullish, with these investors still retaining a larger chunk of their bearish wagers, especially as uncertainty over the AI trade on Wall Street keeps the market on edge. The Long-Short Ratio - number of traders betting on a rise in prices (long positions) to those betting on a fall (short)-of foreign portfolio investors' Nifty futures position stood at 19.4% on Friday, as against 7.5% seen exactly a month ago. Though the measure has fallen from 22.1% on Wednesday following the sell-off in the wake of th
Debt investors are worried that the biggest tech companies will keep borrowing until it hurts in the battle to develop the most powerful artificial intelligence. That fear is breathing new life into the market for credit derivatives, where banks, investors and others can protect themselves against borrowers larding on too much debt and becoming less able to pay their obligations. Credit derivatives tied to single companies didn't exist on many high-grade Big Tech issuers a year ago, and are now some of the most actively traded US contracts in the market outside of financial sector, according to Depository Trust & Clearing Corp. While contracts on Oracle have been active for months, in recent weeks, trading on Meta Platforms and Alphabet has become much more active. Contracts tied to a
After failing to hold above 26,000 last week, analysts expect Nifty to remain range-bound, with traders likely to stay cautious. Support is seen at 25,300 and 25,100, below which further downside may emerge, while resistance lies in the 25,700–26,000 zone, where volatility could persist.RUCHIT JAIN VICE PRESIDENT, MOTILAL OSWAL FINANCIAL SERVICESWhere is Nifty headed this week? The pullback move last week witnessed selling pressure around the psychological mark of 26,000, making it a key short-term resistance zone. Nifty has ended below its 20-DEMA of 25,630.1, led primarily by weakness in IT stocks. Market breadth has also deteriorated in the last couple of sessions, indicating selling in broader markets as well. Technically, this indicates a rangebound-to-negative bias trend for Nifty
