Page 36 - Global Markets

RBI's dovish policy gives Sensex 381-pts boost; RIL up 4%, IT stocks shine

The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment

Global shares slip in cautious trading, shrug off US rally

Global shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day's sell-off. France's CAC 40 dipped 1.9% in early trading to 6,450.56, while Germany's DAX dropped 2.1% to 14,869.63. Britain's FTSE 100 was down 1.6% at 6,964.13. The future for the Dow industrials fell 0.9% to 33,860.00. S&P 500 futures was 1.2% lower at 4,280.00. Japan's benchmark Nikkei 225 sank 1.1% to finish at 27,528.87 for its eighth straight session of losses. South Korea's Kospi dipped 1.8% to 2,908.31. Australia's S&P/ASX 200 shed 0.6% to 7,206.50. Hong Kong's Hang Seng edged down 0.6% to 23,966.49. Trading was closed in Shanghai for the Chinese national holidays. Worries remain in Asia about ongoing coronavirus infections, although hopes are growing that economic activity will return closer to normal later this year, bouncing back from the deep downturn in 2020. On the risks front, China .

US bond tapering impact may hurt India, Indonesia less than other nations

Bonds from the two countries are already leading gains in emerging Asia this quarter, offering 3%-5% returns to dollar-based investors

Pandemic recovery fuels deal craze as third-quarter M&A breaks all records

A frantic summer of merger activity produced deals worth $1.52 trillion in the three months to Sept. 27, up 38% from the same quarter last year and more than any other quarter on record

IPOs slow down globally in third quarter after frenetic 2021 start

IPOs in the third quarter raised a total of about $94.6 billion, down 26.3% from the second quarter

'Natural' for global bond yields to rise from here, say strategists

"The Fed and markets are pretty close on when the first hike will be. It's the pace of hikes" where there is room for markets to close the gap, said Arjun Vij, portfolio manager of J.P. Morgan Asset

China Evergrande to sell $1.5 bn stake in Shengjing Bank to state firm

Shengjing Bank had demanded that all net proceeds from the disposal be applied to settle the relevant financial liabilities of the group due to Shengjing Bank, Evergrande said.

Country and company: How China and Evergrande ascended together

The property giant's success mirrored the country's transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future

Investors brace for rough ride as Evergrande faces payment deadline

The company is due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond

China could be heading for power supply crisis after Evergrande shock

Almost half of China's regions missed Beijing's energy consumption targets and are now under pressure to curb power use.

Global trends to steer markets; stocks may face volatility: Analysts

The BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever.

Sensex sprints to 60,000: Latest 5,000-pt rally comes in record 28 sessions

In the past 18 months, a record number of first-time investors have entered the market

European stocks slip on Evergrande woes, weak German business morale

Retail stocks were the top decliners in Europe

Fears grow for China Evergrande after interest deadline passes

China Evergrande inched closer on Friday to the potential default that investors fear as an interest deadline expired without any announcement from the property giant

China's Evergrande Group bondholders in limbo over debt resolution

The company has run short of cash to fund its $305 billion in debts and markets are worried that a collapse could pose systemic risks to China's financial system and reverberate around the world

Fed meeting: Global markets can ride out tapering, say experts

The Fed is charting a steady course, Joyce Chang, JPMorgan Global Research Chair says in a television interview with Bloomberg

Sharp outperformance of Indian markets over EMs, world continues

Leads to surge in valuation premium; Experts caution investors

Sensex ends at record high, eyes 60,000: 3 factors behind the rally

The sentiment remained robust in the broader markets too as the BSE Midcap touched new high in intra-day session and ended 1.31 per cent higher

Asian shares gain but Evergrande jitters keep investors on edge

Evergrande's shares surged 23% on Thursday after a unit said on Wednesday, when the Hong Kong market was closed for a holiday, that it had "resolved" a coupon payment on an onshore bond.

China's Evergrande chairman seeks to reassure investors, shares surge

Hui Ka Yan said the company was striving to ensure quality delivery of properties and stressed the importance to resume construction on developments where building had been halted