Page 11 - Nomura

Nomura downgrades India equities to 'neutral' over unfavourable risk-reward

Nomura said India's valuation appears "very stretched"

Post 30% rise, RIL rating cut by top Nomura analyst for first time in years

The stock is trading at about 27 times of its 12-month forward earnings estimate, more than two standard deviations above its 10-year average

Power outages risk to growth, add to retail inflation woes: Nomura

With power demand likely to rise amid continued economic normalisation and upcoming festive sales, supply-side disruptions pose an important near-term downside risk to growth momentum, Nomura warned

Brace for production cuts, shipment delay due to chip shortage: Analysts

The suppliers' delivery time index component of the manufacturing PMI declined in eight out of nine Asian economies in August to an average of 41.3 from 42.0 in July - both below the 50 mark threshold

Biz activity continues to rise, now well above pre-pandemic levels: Report

Business resumption activity continued its northward journey and reached a new high, much above the pre-pandemic levels for the week ended August 29, a Japanese brokerage said on Monday

No material impact on card issuers: Nomura on RBI restrictions

The RBI had earlier restricted American Express and Diners Club

Business resumption activities declines for second consecutive week: Nomura

Business resumption activities declined for the second consecutive week after a multi-week increase since the ebbing of the second wave of the pandemic, Japanese brokerage Nomura said on Monday.

'V'-shaped recovery on resumption in business activity, says Nomura

The labour participation rate moderated to 40.4 per cent from 40.6 per cent. "

Market valuation too demanding; divestment target may not be met: Nomura

Valuation of Indian stock market at 22.5 times fiscal 2021-22 (FY22) earnings is too demanding, said analysts at Nomura

Investment bank Nomura loses 20 bankers in Asia after bonus payout in May

Global banks are battling to keep junior investment bankers in Asia where financial technology firm and investment companies can offer a route to faster promotion and the prospects for higher earnings

Market is factoring in a 26% earnings CAGR over FY21-23: Nomura

Besides strong corporate earnings, the current rally in the equity markets is also supported by benign macros, Nomura said, with a very supportive monetary policy

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Nomura remains overweight on India; Infosys, RIL, ICICI Bank among top bets

Going ahead, Nomura said, markets will focus more on corporate earnings rather than the broad economic growth in India

SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock

Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore

SBI report pegs total Covid vaccination cost in India at Rs 3.7 trillion

Poorer states with high population would not be able to vaccinate themselves quickly. Richer states may have to pay a much steeper price given the global oligopolistic market, the report said

UBS, Nomura Holdings fined $452 million as EU cracks down on bond cartel

UBS says impact could be $100 mn on quarter; may appeal

Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns

IHS Markit sees India's FY22 GDP growth at 9.6% amid rising Covid cases

Those at Nomura, too, expect the pain in the economy to grow given the recent measures to curb the pandemic. However, they believe that the overall impact will be muted and be for the short-term

China's economic divide between rich south and lagging north set to widen

Regional gap may worsen as China looks to reduce carbon emissions and impose financial discipline on local governments, Nomura says.

UBS, Nomura push global banks' Archegos losses beyond $10 billion

UBS shares fell 3.0% in morning trade.