The European Central Bank’s (ECB) indication that it may launch a fresh round of quantitative easing in December is likely to be a positive for risk assets, says Neeraj Gambhir, MD and Head – Fixed Income, Nomura India.
Posts tagged MC
BoJ may join ECB’s expected QE party: Nomura (23-10-2015)
Eyeing 6-7K operational capacity in two-years: JSW Energy (23-10-2015)
Talking to CNBC-TV18 about the business outlook going forward, he said the company is looking at various acquisitions and would be around 6000-7000 MW operational capacity in two years time.
KPIT Tech Q2 profit jumps 69% on strong EBITDA margin (23-10-2015)
“Focus on profitability improvement over last 6 months is showing good results, as we improved Q2FY16 EBITDA to 14 percent, despite wage hikes during the quarter,” Ravi Pandit, co-founder, chairman group CEO, KPIT said.
Sensex, Nifty hit 2-month high; Cairn up 3%, KPIT jumps 13% (23-10-2015)
Software services provider KPIT Technologies surged 13 percent as it has reported excellent performance in July-September quarter with profit rising 69 percent sequentially to Rs 75.08 crore on strong improvement in operating profit performance.
See more market upside on FII inflow hope: Credit Suisse (23-10-2015)
The fact that net foreign buying so far is just USD 3 billion after selling of USD 23 billion also suggests more upside, Sakthi Siva of Credit Suisse feels.
BOJ to cut price forecast for next fiscal yr only slightly (23-10-2015)
By not straying far from its current projections for next year, the BOJ can maintain that it is still broadly on course to meet its inflation goal of 2 percent next year without stepping up its massive asset purchase program, people with direct knowledge of the matter told Reuters.
China to expand fin reform, give mkts more say: Li Keqiang (23-10-2015)
Li Keqiang said China successfully swerved systemic financial risks and that there was no long-term basis for depreciation of China’s currency, the renminbi. Li was speaking at a meeting with former US treasury secretary Henry Paulson.
This is a rally to sell; most FIIs already bullish: Ambit (23-10-2015)
Investors have made peace with the fact that if you want quality, you have to pay through the nose, says Parmod Gubbi of Ambit Capital. Given the state of the economy, it makes sense to keep valuation aside for now and stay focussed on quality, he says
Fundamentals, along with liquidity, driving rally: Motilal (23-10-2015)
Stating that the ongoing market rally has more to it than a mere gush of liquidity, Motilal Oswal Asset Management’s Taher Badshah said a number of fundamental factors have also been behind the recent bounceback in the Nifty.
Oil prices up on upbeat economic data, ECB stimulus moves (23-10-2015)
Brent for December delivery rose 36 cents to USD 48.44 a barrel at 10.52 p.m. ET after settling up 23 cents in the previous session.