Page 7 - Nomura

Bright spots: India and Indonesia, shining stars in earnings constellation

Nomura's analysis reveals that India's beat-to-miss ratio stands at 13 per cent, second only to Indonesia, which is at 38 per cent

Economic shocks hit consumption growth in last decade, says Nomura

Demonetisation, GST implementation, Covid caused a slowdown: Nomura

Will Tata Motors drive out of Nifty, Sensex, MSCI, FTSE? What analysts say

In the past one year, shares of Tata Motors have been in top gear and have outperformed all stocks that comprise the Nifty Auto index with a rise of nearly 131 per cent during this period, shows data

Trump 2.0: A recipe for N Asian market getting shellacked, not India

BIDEN BOUNCE VS TRUMP SLUMP: Nomura weighs in on the potential fallout for AxJ stocks

RBI may shift policy stance to neutral by Jun, cut rates by Aug: Nomura

The Reserve Bank may shift the monetary policy stance to "neutral" by June and deliver rate cuts starting August this year, a Japanese brokerage said on Monday. Pointing out to softer core inflation 'or price rise in items excluding food and fuel' in the data released for December, Nomura said there is a need for the policy to pivot towards an easier regime after the extended pause. The brokerage reiterated its earlier view of rate cuts being expected from August onwards, and pegged the quantum of cuts at 1 percentage point. "We expect 1 per cent of rate cuts cumulatively starting August, with a change of stance to 'neutral' in Q2, with risks skewed towards earlier easing," its analysts said. The core inflation for December came at 3.8 per cent, the note said, adding that the annualized growth of super-core inflation has dipped below 3 per cent by its estimates which is a "positive surprise". For January, the headline inflation is likely to cool-off to about 5 per cent, while the

Nomura hikes India exposure; M&M, Fortis, UNO Minda among favourites

Reliance Industries is Nomura's biggest exposure where the research and broking house has a 4.5 per cent weight

No major fiscal impact from extended free food grain scheme: Report

Before the extension, the free food grain program was estimated to cost the government around 2 trillion rupees ($24.04 billion) this year

Growing bets on India likely to sustain outperformance, say experts

One of the major reasons for the underperformance of EM peers is the underperformance of China, which has the biggest weight in the MSCI EM and MSCI Asia Pac ex-Japan indices

Nomura upgrades stance on Indian market from 'neutral' to 'overweight'

Valuations are expensive but will likely remain so, says the brokerage

Senior Nomura banker barred from exiting China amid investigations: Report

The travel restriction is linked to Wang's time at Industrial & Commercial Bank of China Ltd., where he worked before joining Nomura in 2018, according to the report

Nomura retains negative view on rupee despite JPMorgan index inclusion

Actual inflows may be smaller with some real money managers that they tracked already invested about 2%-3% on average, the brokerage said

Nomura India buys Cholamandalam Financial shares worth Rs 166-crore

Nomura India Investment Fund Mother Fund on Friday bought shares of Cholamandalam Financial Holdings Ltd worth Rs 166 crore through an open market transaction. According to the bulk deal data available with BSE, Nomura India Investment Fund Mother Fund purchased 14,51,000 shares of Cholamandalam Financial Holdings. The shares were acquired at an average price of Rs 1,145.30 apiece, taking the transaction size to Rs 166.18 crore. Meanwhile, promoter of Cholamandalam Financial Holdings Ambadi Enterprises Ltd offloaded 10.58 lakh shares at an average price of Rs 1,151.02. This took the deal value to Rs 121.80 crore. Shares of Cholamandalam Financial Holdings fell 0.97 per cent to close at Rs 1,191.75 apiece on BSE.

Nomura raises India's economic growth forecast for FY24 to 5.9%

India's Gross domestic product (GDP) expanded a more-than-expected 7.8% on an annual basis in the June quarter, Thursday's data showed, accelerating from 6.1% growth recorded in the March quarter

India may continue supply interventions to curb food inflation: Nomura

Earlier this month, the government stepped in to procure tomatoes from certain centres to redistribute them in regions of high consumption to bring down prices

Netweb Technologies India raises Rs 189 crore from anchor investors

Nomura Funds, Goldman Sachs Funds, ICICI Prudential MF, HDFC MF and Nippon MF were among those who got an allotment

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

China's economic recovery worsens with weak consumer spending data

Domestic travel spending during the recent holiday for the dragon-boat festival was lower than pre-pandemic levels, according to official data released this weekend

Nomura India's Head of Investment Banking Utpal Oza steps down: Report

Amit Thawani, managing director and head of coverage investment banking has taken over from Oza, the sources said

Indian markets have limited upside in the near-term; buy the dips: Nomura

Nomura prefers domestic-oriented sectors and companies over exporters, and prefers stocks that provide valuation comfort

India's fiscal deficit target of 5.9% for FY24 at risk, warns Nomura

A notable increase in RBI's income, which was driven by profits from foreign exchange sales amounting to Rs 1 trillion, reflects active intervention in the foreign exchange market