Sonata Software said it will have a 'full-quarter impact' on Q4FY25 due to the ramp down. The company had expected strong growth in its Q4FY25 revenue in the past.
Adrian Mowat said several active fund managers who were Overweight on India may be trimming positions in order to rotate money into China.
Japanese stocks suffered their steepest decline since the onset of a bear market a month ago, driven by a dismal US manufacturing report and a global tech selloff. The Nikkei 225 fell 4.2%, with chipmakers like Disco Corp. leading losses after Nvidia Corp.'s subpoena news dampened sentiment.
On the eve of the Federal Reserve decision, multiple volatility halts in PacWest Bancorp and Western Alliance Bancorp were seen as disturbing. Both shares were down at least 15% in Tuesday trading.
The MSCI China Index lost as much as 2.6% Tuesday, set for a sixth day of declines in its longest-losing run since October.
Both India and the US will also release their CPI (consumer price index) inflation numbers on January 12, which will indicate the path for further monetary tightening
This week, the lock-up period for the company’s stock will expire, freeing investors to sell shares that haven’t yet been allowed onto the market.
Nifty 50 and Sensex have made a tentative start to the week in the past two sessions making investors jittery. Watch as CJ discusses what lies in store for Nifty 50 and what are the crucial levels you need to track in the coming days for your trade. Plus his thoughts on IndusInd Bank, Tata Steel, and BEML.
Goldman Sachs Group Inc. strategists led by David J. Kostin said that US earnings estimates are still too high and expect them to be revised downwards even further.
Morgan Stanley, in a recent note, highlighted that over the last 20 years, there have been four major rising long bond yield cycles. Each one of them have been positively correlated to equity prices – i.e., rising yields and rising share prices.
Prakash Diwan believes the market has already priced in the fact that the government may miss its fiscal deficit target of 4.1 percent. He believes valuations are still stretched despite the recent correction and there is still a chance of a 4-5% softness ahead, particularly on the mid-cap side.
This week`s selloff also spread to energy importing nations, like Indonesia and India, which many view as a catch up to the selling seen in exporter peers.
Further declines in global crude oil prices could see nations step up their efforts to diversify away from oil and increase the chances of a nuclear agreement with Iran, according to Citi.
"In our view, an impending Fed taper and a fractured electoral mandate will bring about some moderation in flow data if not outflows. The last time India saw outflows in 2011, the market corrected by 25 percent," the Elara report said.
Speaking to CNBC-TV18, Punita Sinha, managing partner, Pacific Advisors, says that the recent rally seen in India is aided by politics and the likelihood of an NDA government coming to power, that alone, is not leading the smart uptick seen in the market.
The threat of less central bank stimulus and higher interest rates has crushed emerging markets more than most assets in the past two months, in some cases slashing the value of stocks and bonds in developing countries to levels not seen since the last financial crisis.
According to strategists, the pain is not over for the yellow metal that is trading at its lowest since September 2010, with some not ruling out a fall to $1000 an ounce, or a 20 percent decline from current levels.
Market expert PN Vijay of askpnvijay.com says, in an interview to CNBC-TV18, that the fall in every segment of the GDP is worrying . He added that the rupee's fall was inflationary and reduced chances of RBI easing rates.
Hedge fund manager John Burbank, a long-time investor in gold, said the recent sharp selloff in the precious metal came as a surprise to many investors as some economic improvement and a general decline in commodity prices took their toll.
Apple's stock is up Thursday, but the recent selloff may be far from over. Extraordinary volume during the stock's plunge this fall signals another 20 percent decline is still ahead, a top chart analyst on Wall Street says.
The selloff in Facebook's shares deepened on Tuesday, as investors continued to question the stock's valuation after Reuters reported that underwriters cut their revenue forecasts for the company before the IPO
Only recently did we report that popular PC manufacturer, Hewlett-Packard (HP) was seriously contemplating on winding up its PC business.
HP pulls plug on tablets and phone business; PCs might follow