JPMorgan

Commodity Talk: MOFSL expert explains why gold’s supply tightness in UK may not impact Indian yellow metal prices materially

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Commodity Talk: MOFSL expert explains why gold’s supply tightness in UK may not impact Indian yellow metal prices materially

There was a premium arbitrage between COMEX and London, wherein market participants sold the COMEX futures and bought the London physical and to mature the COMEX future part, the London physical stocks were brought into the COMEX inventories, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services (MOFSL) said. Those concerns have eased-off, … Read more

What should be the CAGR return expectation from the Indian market for next three years? Rajiv Batra answers

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What should be the CAGR return expectation from the Indian market for next three years? Rajiv Batra answers

Rajiv Batra, Head of Asia Pacific ex JP/CN, Equity Strategy and Head of India & Southeast Asia Equity Strategy, JPMorgan, says the second quarter of this fiscal year will not give great joy because the extreme heatwaves season will be replaced by torrential rainfalls which could be impacting some amount of demand. But that does … Read more

Nasdaq hits record, S&P ticks higher with Nvidia results eyed

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Nasdaq hits record, S&P ticks higher with Nvidia results eyed

The Nasdaq closed at a record high on Monday while the S&P 500 gained slightly as technology stocks advanced ahead of Nvidia‘s highly anticipated earnings and investors gauged the timing of an interest rate cut by the Federal Reserve. The S&P 500 technology index led gains among the 11 major S&P sectors, rising 1.32%, helped … Read more

Hot Stocks: Brokerage view on Biocon, Info Edge, LIC Housing; Jefferies upgrades M&M

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Hot Stocks: Brokerage view on Biocon, Info Edge, LIC Housing; Jefferies upgrades M&M

Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more

Hot Stocks: Brokerages on Escorts & SBI; CLSA downgrades Sula

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Hot Stocks: Brokerages on Escorts & SBI; CLSA downgrades Sula

Brokerage JPMorgan maintained an overweight rating on SBI and Macquarie upgraded Escorts to outperform. CLSA downgraded Sula to underperform while maintaining a sell on Asian Paints post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on SBI: Overweight| Target Rs 1000 JPMorgan maintained an … Read more

India’s FY24 fiscal gap may be slightly better than revised estimates: Official

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India’s FY24 fiscal gap may be slightly better than revised estimates: Official

New Delhi: The central government’s fiscal deficit, in absolute terms, could be slightly better than the revised estimates for FY24, on the back of better than expected revenue receipts, an official said. In the interim Budget in February, the government pegged its FY24 fiscal deficit at ₹17.35 lakh crore, against the budget estimate of ₹17.89 … Read more

Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade

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Hot Stocks: Brokerage view on Lupin and Gujarat Gas; Marico gets an upgrade

Brokerage Investec upgraded Marico to a buy from hold, Jefferies maintained a buy rating on Godrej Consumer, JPMorgan maintained an underweight rating on Gujarat Gas, and a neutral stance on Lupin. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Marico: Buy| Target Rs 616 Investec … Read more

JPMorgan sees foreign investors flocking to Indian stocks after elections

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JPMorgan sees foreign investors flocking to Indian stocks after elections

Indian equities are poised to lure more foreign inflows after the general elections, with the economy’s promising growth prospects and the Federal Reserve’s rate cuts acting as catalysts. That’s the view from Rajiv Batra of JPMorgan Chase & Co., who says global funds’ positioning in India’s $4.3 trillion stock market remains light and investors will … Read more

Bloomberg proposes India gilts inclusion in EM Local Currency Index; seeks feedback

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Bloomberg proposes India gilts inclusion in EM Local Currency Index; seeks feedback

MUMBAI – Bloomberg Index Services has proposed to include Indian bonds under the fully accessible route (FAR) in its emerging market local currency index. This comes four months after JPMorgan said it would include India bonds in its Global Bond Index – Emerging Markets, starting June this year. “Under the proposal, inclusion of India FAR … Read more

JPMorgan index may include India bonds in 2024

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JPMorgan index may include India bonds in 2024

JPMorgan Chase & Co. will likely include India’s sovereign bonds on its indexes next year as investment hurdles get resolved, one of Europe’s biggest asset managers said. “According to our meeting with the index provider, India is keen on that inclusion even though it may not appear so to the outside,” Sabrina Jacobs, a senior … Read more