The fund house is likely to announce the acquisition next week
India's price rises have been fairly muted this year, giving the Reserve Bank of India room to ease policy aggressively, amid wider concerns about a global slowdown.
The poll of over 30 economists, conducted this week, forecast inflation to ease to 3.6 percent in August year-on-year, from July's already all-time-low of 3.78 percent.
Weaker growth and inflation below the RBI's goal of 6 percent by January 2016 would give the central bank room to ease policy further this year to spur activity.
After 10 weeks of outflows, emerging markets finally saw inflows around USD 300 million inflows last week, but it‘s India which is witnessing an increased allocation, said Rishav Dev, Equity Strategist at Quant Capital.
Rishav Dev, Equity Strategist at Quant Capital - Institutional Equities, sees some outflow from debt funds due to rupee depreciation.
Rishav Dev, Equity Strategist, Quant Capital - Institutional Equities expects Japan and the US equity markets to continue enjoying bulk inflows.
Mangesh Bhadang, Research Analyst, Quant Capital is a tad disappointed on the topline and PAT front and see limited upside for the stock. He would buy on dips and advices current investors to hold on.
In an interview to CNBC-TV18, Mangesh Bhadang, Research Analyst at Quant Capital shares his outlook on the financial performance of the company in the quarter gone by and the road ahead.
Grasim Industries' earnings beat street expectations on every front.
According to Rishav Dev, October typically is a weak month for emerging market flows but November and December will be very good months and will bring back inflows to India.
There have been outflows seen from Russian funds to China and India. Even European equity funds are seeing outflows for the last 7-8 weeks.
Outflows from emerging market funds have gone up from USD 2 billion to USD 3.7 billion in the past two weeks.
Abhineet Anand of Quant Capital Tata Power is of the view that Tata Power is looking attractive.
In an interview to CNBC-TV18, Abhineet Anand, Quant Capital spoke about his expectation from Larsen and Toubro's numbers.
In an interview to CNBC-TV18, Basu Banerjee, IT Analyst at Quant Capital spoke about Q3 earnings season for the Indian IT sector.
According to Basu Banerjee, Auto & Ancillaries, IT Analyst at Quant Capital, HCL Technologies may test Rs 1500.
Abhineet Anand, capital goods analyst at Quant Capital is of the view that one may buy Power Grid Corporation of India as the stock may test Rs 118.
RV Shahi, Former Power Secretary says the total generation capacity at the moment is 240,000 MW, whereas the grid is drawing not more than 120,000-130,000 MW.
Basudeb Banerjee of Quant Capital expects a robust Q3 for Apollo on the back of this positive development.
Abhineet Anand of Quant Capital is of the view that one may sell Bharat Heavy Electricals (BHEL) as the stock may test Rs 132.
Abhineet Anand, Power Analyst, Quant Capital, spoke with CNBC-TV18 on the impact of the CERC draft regulations on NTPC and other power companies.
EPFR data shows India has seen outflows of around USD 192 million last week, which is a little different from the Sebi data. According to Rishav Dev of Quant Capital, this difference is because EPFR does not cover hedge fund data and prop desk data.
Quant Capital recommends selling state-owned BHEL, ABB and Siemens. It has a buy call on industry major Larsen and Toubro with a target price of Rs 1,115.
Rishav Dev of Quant Capital says as per EPFR data, on a four week basis India has already seen outflows of close to USD 344 million. He feels developed markets, in particular Europe, would continue to see more inflows when compared to emerging markets.