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We expect the 10-year benchmark bond yield to trade in a broad range of 6.9-7.1 percent in the near term, says Tirthankar Patnaik, Mizuho Bank.
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Scrambling for capital, Toshiba said it would consider selling most, even all, of its stake in the chips business - a decision that has investors questioning whether the company has a long-term future without the unit.
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The trading range is seen between 68.10-68.40/USD till the Reserve Bank of India (RBI) monetary policy, says Tirthankar Patnaik, Mizuho Bank.
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We expect the 10-year benchmark yield to be rangebound between 6.75-6.85 percent, says Tirthankar Patnaik, Mizuho Bank.
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There is a definite scope for further easing even though the monetary policy did not specifically mention about it in its statement on Tuesday, said Tirthankar Patnaik, India Strategist at Mizuho Bank.
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Tirthankar Patnaik of Mizuho Bank notes the monsoon‘s progress and consequent improvement in Kharif sowing this year raises confidence of food inflation easing off in the coming months.
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Domestic liquidity conditions and bond market cues remain supportive, helped by periodic OMOs by the RBI including one of Rs 100 billion today, which could see the 10-year head to the 7-7.1 percent band, says Tirthankar Patnaik of Mizuho Bank.
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We expect rupee to trade in the range of 66.25-66.75/USD in the next 2 weeks and 10-year benchmark yields between 7.1-7.25 percent, says Tirthankar Patnaik, Mizuho Bank.
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We expect the 10-year benchmark yield to remain in the 7.45-7.55 percent band in the near term, says Tirthankar Patnaik, Mizuho Bank.
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Tirthankar Patnaik, India Strategist, Mizuho Bank is of the belief that the outperformance of the Indian market will continue barring any evet. He says the fourth quarter performance was one of the best amongst the four.
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The markets which have been on an upswing since March are in line with global peers, said Tirthankar Patnaik of Mizuho Bank
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Tirthankar Patnaik of Mizuho Bank says the pain is much more global. But many of the stocks after a significant fall do look attractive and that makes one believe that it is a great buying opportunity, he says. But one must not forget that global issues, the genesis of this crisis, are still very much present, he told CNBC-TV18
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Growth for the fourth quarter is also expected to ease. This is what analysts are saying ahead of the release.
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Mizuho Bank's Managing Executive Officer TatsuFumi Sakai said that Japanese investors wanted India to ramp up their infrastructure, before they could take a decision on investing more in India.
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Tirthankar Patnaik of Mizuho Bank believes India will be one of the fastest growing economies in 2016, though earnings are not likely to improve anytime soon
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Vishnu Varathan, chief Asia economist at Mizuho Bank, however, feels volatility in the Indian markets will continue for the next 1-2 years
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Banks working on the deal include AB InBev‘s core relationship banks: Banco Santander, Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi UFJ, BNP Paribas, Deutsche Bank, ING, JP Morgan, Mizuho Bank, Royal Bank of Scotland, Societe Generale and SMBC, banking sources said.
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India's gross domestic product (GDP) grew 7 percent on-year in the April-June quarter, versus a 7.5 percent gain in the first three months of the year, dragged down by weak net exports.
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The People's Bank of China cut interest rates and lowered the amount of reserves banks must hold for the second time in two months on Tuesday, acting amid pressure from a global stock market rout and massive outflows from its markets.
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The median from survey of 21 economists showed a 60 percent chance that the central bank would cut its policy repo rate from 7.25 percent at the next meeting, whereas a previous poll in July had shown a move was more likely in the final three months of the year.
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"The PBoC has come across hesitant and reactive. Policy easing has followed rather than pre-empted the pullback in the economy as well as asset markets," said Vishnu Varathan, senior economist at Mizuho Bank.
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Additionally, there has been a 300 basis points reserve requirement cut for financial and auto leasing companies and a 50 bps cut in reserve requirement for rural commercial and rural corporate banks.
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Tirthankar Patnaik - India Strategist at Mizuho Bank has a positive view on consumer durables space but is cautious on PSU banks, telecom, cement and infrastructure.
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Tirthankar Patnaik - India Strategist at Mizuho Bank is positive on the pharmaceutical space.
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Tirthankar Patnaik - India Strategist at Mizuho Bank is overweight on the IT space and feels that weak currency is likely to help even the mid tier IT companies.
