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☆ India's Nifty 50, Sensex open higher ahead of Powell's speech
▼ + stars: | 2023-06-19 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, June 19 (Reuters) - India's Nifty 50 and Sensex stock indexes extended gains from last week on Monday ahead of China's interest rate decision and U.S. Federal Reserve Chair Jerome Powell's speech on the central bank's rate trajectory. The blue-chip Nifty 50 (.NSEI) index was up 0.15% at 18,853.40 as of 9:15 a.m. IST, while the benchmark S&P BSE Sensex (.BSESN) rose 0.12% to 63,460.50. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Varun H K and Nivedita BhattacharjeeOur Standards: The Thomson Reuters Trust Principles.

Persons: Jerome Powell's, Bharath Rajeswaran, Varun Organizations: . Federal, BSE, Thomson Locations: BENGALURU, Bengaluru

☆ Rupee to rise after dollar's biggest fall in over three months
▼ + stars: | 2023-06-16 | by ( Sethuraman N R | ) www.reuters.com time to read: +2 min

Non-deliverable forwards indicate the rupee will open at around 81.93-81.96 to the U.S. dollar, compared with its spot close of 82.1750 in the previous session. Meanwhile, the dollar index hit a five-week low on Thursday and saw its worst one-day session since March 13 after a hawkish European Central Bank (ECB) signalled more rate hikes. The rupee should see some appreciation on Friday, which should also benefit from the yuan's move, a trader with foreign bank said. The rupee has gained about 0.35% so far this week, benefiting from likely corporate dollar inflows. 14** NSDL data shows foreign investors sold a net $2.5mln worth of Indian bonds on Jun.

Persons: Srinivas Puni Organizations: U.S . Federal, U.S ., European Central Bank, QuantArt, Brent, Sethuraman NR, Thomson Locations: BENGALURU, Bengaluru

☆ Indian rupee likely higher, awaits Fed rate decision
▼ + stars: | 2023-06-14 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, June 14 (Reuters) - The Indian rupee is expected to open higher on Wednesday after U.S. inflation data reaffirmed views that the Federal Reserve will likely keep interest rates unchanged in June. Non-deliverable forwards indicate the rupee will open at around 82.22-82.24 to the U.S. dollar, compared with 82.3675 in the previous session. Data earlier this month offered a mixed picture of the U.S. labor market, while some Fed officials have called for a pause. Post the CPI data, the odds of a Fed rate hike in June have fallen to 8% from 25% on Tuesday. "We think it will be a hawkish pause as the Fed emphasizes that the hiking cycle might not be done.

Persons: Sonia Cheema Organizations: Federal Reserve, U.S ., CPI, DBS, Nasdaq, Brent, Sethuraman NR, Thomson Locations: BENGALURU, Asia, Bengaluru

☆ The Ford F-150 Lightning's best feature is its massive frunk — see all of its nifty features
▼ + stars: | 2023-06-14 | by ( Tim Levin | ) www.businessinsider.com time to read: 1 min

The frunk provides up to 2.4 kilowatts of power, enough to run a jackhammer and concrete mixer simultaneously. Or, on the more fun side of things, a movie night with speakers, a popcorn machine, and a projector, according to Ford. The Ford F-150 Lightning's frunk. Tim Levin/Insider

Persons: frunk, Tim Levin Organizations: Ford

☆ Rupee likely higher; awaits pivotal US inflation data, eyes yuan
▼ + stars: | 2023-06-13 | by ( ) www.reuters.com time to read: +2 min

MUMBAI, June 13 (Reuters) - The Indian rupee is expected to open slightly higher on Tuesday ahead of key U.S. inflation data, which analysts reckon may prove instrumental in the Federal Reserve's decision on interest rates. Non-deliverable forwards indicate rupee will open at around 82.40 to the U.S. dollar compared with 82.43 in the previous session. India's inflation was positive for the rupee "on the margins" and "now let's see how U.S. data plays out", the trader added. The U.S. inflation data is due later in the day, with economists polled by Reuters projecting a 0.4% on-month increase in the core inflation rate. The dollar index was barely changed at near 103.50 while the 2-year U.S. yield dropped to 4.55%.

Persons: Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S, People's Bank of, Reserve Bank of India, Reuters, ANZ, Brent, Thomson Locations: MUMBAI, People's Bank of China, U.S

☆ Investors are eyeing China's neighbors as the recovery from 'zero-Covid' slows
▼ + stars: | 2023-06-12 | by ( Jihye Lee | ) www.cnbc.com time to read: +8 min

Bloomberg | Bloomberg | Getty ImagesChina's lackluster economic recovery since emerging from strict "zero-Covid" lockdowns has caused weaker sentiment toward the country, prompting investors to look for alternative options — like its near neighbors. Higher targets for JapanForeign investors have undoubtedly been key in driving the Japanese market, maintaining the highest levels the Nikkei has seen since 1990. During the same period last year, foreign investors had sold a net 1.73 trillion yen approximately. Wall Street banks including Morgan Stanley and Societe Generale are among those that are optimistic on Japanese stocks, holding "overweight" positions. Upside for Korea tech stocksSouth Korea is another market closely watched as concerns over China's recovery linger.

Persons: Goldman, Andrew Tilton, Berkshire Hathaway's Warren Buffett, India's, Goldman Sachs, Tilton, Morgan Stanley, ROE, Mike Wilson, we've, Price, Goldman's Tilton, Rhee Chang, Nomura, Chloe Andrieu, Pranjul Bhandari, Bhandari Organizations: Bloomberg, Getty, Asia, Pacific, Japan Foreign, Nikkei, Japan's Ministry of Finance, Societe Generale, Equity, U.S, UBS Global Wealth, U.S ., UBS, The Bank of, CNBC, Citi, AFP, Afp, Korea Financial Investment Association, South Korean, Fitch, Ben Advisors Locations: Macau, China, Japan, South Korea, India, Goldman Sachs, Berkshire, South, Shanghai, Shenzhen, Wall, Korea, Asia, The Bank of Korea, Fuyang, China's, Anhui, Indonesia

☆ Rupee seen higher on dollar slump as data backs Fed rate pause
▼ + stars: | 2023-06-09 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, June 9 (Reuters) - The Indian rupee is poised to open higher on Friday, tracking losses on the dollar after a jump in U.S. jobless claims made it more likely that the Federal Reserve will refrain from raising rates next week. Non-deliverable forwards indicate the rupee will open at around 82.44-82.46 to the U.S. dollar compared with 82.5625 in the previous session. "The data further support market expectation for a pause by the U.S. Fed at its next meeting," OCBC Treasury Research said in a note. The odds of a Fed rate hike at the June 13-14 meeting is now at 1-in-4. 7** NSDL data shows foreign investors bought a net $18.1mln worth of Indian bonds on Jun.

Persons: Nimesh Vora, Nivedita Organizations: Federal, U.S, Reserve Bank of, Fed, Research, Brent, Thomson Locations: MUMBAI, U.S, Asia

☆ Most people feel like they're too busy attending meetings and sending messages to actually think at work
▼ + stars: | 2023-06-07 | by ( Josée Rose | ) www.businessinsider.com time to read: +5 min

The average worker spends 57% of her time communicating in meetings, email, and chat, says Microsoft. So if all of us are answering emails or going to meetings, when are we doing actual work? The company found that within its Microsoft 365 applications, people spend 57% of their time communicating in meetings, email, and chat. A nifty feature on my Google Calendar tells me that I spend anywhere from 15 to 18 hours a week in meetings. Productivity measures the efficiency of the work done by a company and its employees by comparing output to hours worked.

Persons: —, I've, Slack, I'm, Joe Ciolli, they're, Ciolli, We've, biggie Organizations: Microsoft, Service Locations: America, smartly

☆ Indian shares open higher ahead of RBI rate decision
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, June 7 (Reuters) - Indian shares opened higher on Wednesday, tracking global peers, ahead of the Reserve Bank of India's monetary policy decision and on hopes of an interest rate pause by other major central banks. The blue-chip Nifty 50 (.NSEI) index was up 0.36% at 18,665.60 as of 9:15 a.m. IST, while the benchmark S&P BSE Sensex (.BSESN) rose 0.20% to 62,917.39. ($1 = 82.5316 Indian Rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharath Rajeswaran, Sonia Cheema Organizations: Reserve Bank, BSE, Thomson Locations: BENGALURU, Bengaluru

☆ Indian shares open flat on rising odds of Fed, RBI rate pause
▼ + stars: | 2023-06-06 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, June 6 (Reuters) - Indian shares were little changed at the open on Tuesday, after logging gains in the previous two sessions, amid rising hopes of a rate hike pause by the U.S. Federal Reserve at its policy meeting next week. The blue-chip Nifty 50 (.NSEI) index was up 0.04% at 18,600.80 as of 9:15 a.m. IST, while the benchmark S&P BSE Sensex (.BSESN) fell 0.08% to 62,738.35. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Janane VenkatramanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bharath Rajeswaran, Janane Organizations: U.S . Federal, BSE, Thomson Locations: BENGALURU, Bengaluru

☆ Apple just revealed a new feature that transforms your iPhone into a smart display for your nightstand — and Amazon should be worried
▼ + stars: | 2023-06-05 | by ( Cadie Thompson | ) www.businessinsider.com time to read: +3 min

Apple announced a new iPhone feature Monday called StandBy that will roll out with iOS17 this fall. StandBy basically transforms your iPhone into a horizontal smart display when your phone is charging. You will also be able to play music and use Siri when your phone is in StandBy mode. The biggest iPhone is the iPhone 14 Pro Max, which has a display size of 6.7 inches. While it's too soon to know whether the new iPhone feature will have an impact on sales of Amazon's Echo Show, it's clear the device certainly has some new competition.

Persons: Apple iPhones, Apple, Craig Federighi, Apple's, Siri, it's Organizations: Apple, Echo

☆ Rupee to rise more after dollar's biggest fall in a month
▼ + stars: | 2023-06-02 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, June 2 (Reuters) - The Indian rupee is expected to open higher on Friday after the dollar index saw its worst session in almost a month on upbeat risk and wagers that the U.S. Federal Reserve will not raise rates at the June meeting. Non-deliverable forwards indicate rupee will open at around 82.30-82.32 to the U.S. dollar compared with 82.4050 in the previous session. The rupee on Thursday had its best day in almost two months, led by a surprisingly strong domestic GDP reading. The dollar index on Thursday dropped 0.6% to near 103.50, the worst session since May 3. "A strong jobs reading.. could easily swing things back in favour of a hike," ING Bank said in a note.

Persons: Nimesh Vora, Dhanya Ann Thoppil Organizations: U.S . Federal, U.S, Street Journal, ING Bank, Brent, Thomson Locations: MUMBAI, U.S

☆ Next questions for markets center on its skinny rally and the chance of a Fed derailment
▼ + stars: | 2023-06-02 | by ( Scott Schnipper | ) www.cnbc.com time to read: +5 min

"The underlying numbers in the report today show that the Fed can probably feel comfortable with maybe one more rate hike, and then pausing." Or, at least those concerns were true until Friday's explosive rally, when more than six New York Stock Exchange issues rose for every one that fell, and all 11 sectors in the S & P 500 gained. Friday's advance carried the S & P 500 to its highest since Aug. 18, 2022, when the benchmark closed at 4,283.74. Another favorable straw in the wind may simply be the fact that the 11.2% rally in the S & P 500, just since the mid-March lows accompanying the failure of Silicon Valley Bank, is so hated and mistrusted. Week-ahead calendar Monday 9:45 a.m.: S & P Global Services PMI (May) 10 a.m.: Durable goods and factory orders (April) 10 a.m.: ISM services PMI (May) Tuesday Earnings: J.M.

Persons: Megan Horneman, Canaccord Genuity, JC O'Hara, Roth MKM, Ross Mayfield, Baird, Savita Subramanian, Subramanian, Brown, Forman, — CNBC's Alexander Harring, Fred Imbert, Michael Bloom Organizations: Federal Reserve, Verdence Capital Advisors, Nvidia, New York Stock Exchange, Silicon Valley Bank, Bank of America, P Global Services PMI, PMI, Growers, Ciena, GameStop Locations: Broad, 2H23, Silicon

☆ Risks on Indian rupee seen on the downside in wake of yuan's plunge
▼ + stars: | 2023-05-31 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 31 (Reuters) - The bias on the Indian rupee is seen on the downside in Wednesday's trading session after the Chinese yuan dropped to a fresh six-month low to the U.S. dollar. Non-deliverable forwards indicate the rupee will open slightly weaker than 82.71 in the previous session. "Looking at the yuan, you would have to say a move higher (on USD/INR) is more likely," a spot trader said. Data showed that China's factory activity contracted faster than expected in May on weakening demand, pushing Asian shares and U.S. equity futures lower. 29** NSDL data shows foreign investors sold a net $43.7mln worth of Indian bonds on May.

Persons: Joe Biden, Kevin McCarthy, Nimesh Vora, Sohini Goswami Organizations: U.S ., U.S . Federal Reserve, ANZ, Brent, Thomson Locations: MUMBAI, Hong Kong, China, .

☆ Indian shares open flat as US debt deal spurs optimism
▼ + stars: | 2023-05-30 | by ( ) www.reuters.com time to read: 1 min

BENGALURU, May 30 (Reuters) - Indian shares opened little changed on Tuesday after rising to a five-month high on Monday amid improved global cues after U.S. lawmakers reached a tentative debt ceiling deal over the weekend. The blue-chip Nifty 50 (.NSEI) index was up 0.06% at 18,609.35 as of 9:18 a.m. IST, while the benchmark S&P BSE Sensex (.BSESN) gained 0.02% to 62,861.10. Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema and Sohini GoswamiOur Standards: The Thomson Reuters Trust Principles.

☆ Indian rupee poised to weaken after central bank pulls 2,000-rupee notes
▼ + stars: | 2023-05-22 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 22 (Reuters) - The Indian rupee is expected to open weaker against the U.S. dollar after the central bank said it will withdraw the highest value currency note from circulation. Non-deliverable forwards indicate rupee will open at around 82.80-82.84 to the dollar, compared to 82.66 in the previous session. On Friday, the Reserve Bank of India said it will withdraw its highest denomination 2,000-rupee note from circulation. "Rupee would come under pressure" alongside the fall in the cost of carry (the forward premiums), Goenka said. "Conducting sell/buy swaps (on USD/INR) would address cash dollar shortage and suck out rupee liquidity and could offer respite."

☆ India's Glenmark Pharma reports lower Q4 profit as domestic sales weaken
▼ + stars: | 2023-05-19 | by ( ) www.reuters.com time to read: +2 min

BENGALURU, May 19 (Reuters) - India's Glenmark Pharmaceuticals Ltd (GLEN.NS) reported a 12.3% decline in fourth-quarter profit on Friday, hurt by higher input costs and lower demand in its domestic drugs business. Consolidated profit before exceptional items and tax fell to 3.09 billion rupees ($37.78 million) for the three months ended March 31, from 3.52 billion rupees a year earlier, the cetirizine maker said in a stock exchange filing. Glenmark, which caters to the therapeutic areas such as diabetes, cardiovascular and oral contraceptives, reported a 11.5% rise in quarterly net sales. Input costs for the quarter rose 11% to 8.77 billion rupees from a year earlier. Glenmark Pharma shares had climbed 9.6% in the March quarter, comfortably outperforming the Nifty Pharma index (.NIPHARM) that fell 4.6%.

☆ Indian rupee to resume decline as yuan slides to 7/dollar
▼ + stars: | 2023-05-17 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 17 (Reuters) - The Indian rupee is expected to decline on Wednesday after the Chinese yuan dropped to its lowest level this year to the U.S. dollar. Non-deliverable forwards indicate that the rupee will open at around 82.28-82.30 to the U.S. dollar, compared with 82.2050 in the previous session. The offshore yuan, bogged down by the resurgent dollar, dropped below 7 to the dollar for the first time this year. U.S. retail sales rose 0.4% month-on-month in April, with control retail sales up by a robust 0.7%. 15** NSDL data shows foreign investors sold a net $43.2mln worth of Indian bonds on May.

☆ Indian rupee to see more losses on dollar spike and higher U.S. yields
▼ + stars: | 2023-05-15 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 15 (Reuters) - The Indian rupee is expected to weaken on Monday, adding to last week's losses, tracking a rally on the dollar index and higher U.S. yields on worries surrounding U.S. inflation. The dollar index climbed 0.6% on Friday to reach its highest level in a month and the two-year U.S. yield was back to nearly 4%. Renewed worries over the inflation outlook in the U.S. pushed yields higher and supported demand for the dollar. "Their assessments of whether recent labour market and inflation data support pausing in June or not will be scrutinised," ANZ said in a note. India's inflation data was "supportive" of the rupee in the medium term, the trader said.

☆ What might get this stock market unstuck
▼ + stars: | 2023-05-13 | by ( Michael Santoli | ) www.cnbc.com time to read: +8 min

Clearly the market is captive of strong, opposing and somewhat unpredictable currents, as the passengers argue over what might get stocks unstuck, and in which direction. Excluding financial stocks, for instance, the S & P 500 would be up 11% for the year. Here is the equal-weighted S & P 500 vs. the Nasdaq 100 since the end of 2021. The stock market has, coincidentally or not, carved a similar path so far this year as it did to begin 2011. The S & P 500 that year raced higher to print a 7% gain into a February high, then chopped sideways.

☆ Financials bounce back from Friday's slide to lift Indian shares
▼ + stars: | 2023-05-08 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

The Nifty 50 (.NSEI) was up 0.81% at 18,215.75 as of 10:04 a.m. IST, while the S&P BSE Sensex (.BSESN) rose 0.87%. Nifty Bank (.NSEBANK) and Nifty Private Bank (.NIFPVTBANK) also gained over 1%. On Monday, IndusInd Bank Ltd (INBK.NS) rose nearly 5% and was the top Nifty 50 gainer. Analysts expect the Nifty 50 to witness consolidation in the near-term with resistance seen near 18,200 levels. read more($1 = 81.7330 Indian rupees)Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia CheemaOur Standards: The Thomson Reuters Trust Principles.

☆ India's HDFC beats Q4 profit estimates on home loan demand
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +2 min

HDFC said profit after tax rose to 44.26 billion rupees ($541.09 million) for the three months ended March 31, from 37 billion rupees a year earlier. Analysts, on average, had expected profit after tax of 38.86 billion rupees, according to Refinitiv IBES data. The lender said it provided individual loans worth 93.40 billion rupees during the quarter, compared with 83.67 billion rupees a year earlier. HDFC is on track to merge with India's largest private lender HDFC Bank Ltd (HDBK.NS). The RBI in April allowed HDFC and HDFC Bank selective regulatory relief in order to smooth out the merger between the two entities.

☆ Indian rupee headed higher on weak dollar, fall in US yields; Fed awaited
▼ + stars: | 2023-05-03 | by ( Nimesh Vora | ) www.reuters.com time to read: +2 min

MUMBAI, May 3 (Reuters) - Indian rupee is expected to open higher on Wednesday, boosted by a broad decline on the U.S. dollar and plunge in yields amid worries over the U.S. banking sector. Non-deliverable forwards indicate the rupee will open at around 81.76-81.80 to the dollar compared to 81.88 in the previous session. The rupee reached 81.7225 on Tuesday, before dollar bids by public sector banks, probably for the Reserve Bank of India, prompted it to reverse course. The U.S. Federal Reserve will most likely raise rates by 25 basis points later in the day, interest rate futures indicate. Investors will be eyeing the U.S. central bank's forward guidance to assess the path ahead for interest rates.

☆ Indian shares rise ahead of Fed rate decision
▼ + stars: | 2023-05-02 | by ( Bharath Rajeswaran | ) www.reuters.com time to read: +2 min

BENGALURU, May 2 (Reuters) - Indian shares advanced on Tuesday, aided by broad-based gains across sectors, driven by March-quarter earnings, as investors await the interest rate decision by the U.S. Federal Reserve on Wednesday. The Nifty 50 (.NSEI) was up 0.49% to 18,153.10 as of 9:51 a.m. IST, while the S&P BSE Sensex (.BSESN) gained 0.45%. Twelve of the 13 major sectoral indexes advanced, with the high-weightage financials (.NIFTYFIN) and information technology stocks (.NIFTYIT) rising 0.5% and 1%, respectively. The benchmark Nifty 50 index (.NSEI) rose over 4% in April, its best month since November 2022. Among individual stocks, Mahindra & Mahindra Financial Services Ltd (MMFS.NS) surged 5% after reporting a year-on-year rise in consolidated profit in the March quarter.

☆ Adani-owned NDTV profit plunges about 98% on weak advertising demand
▼ + stars: | 2023-05-01 | by ( ) www.reuters.com time to read: +1 min

BENGALURU, May 1 (Reuters) - Indian broadcaster New Delhi Television Ltd (NDTV) (NDTV.NS), part of the embattled Adani Group, posted a 97.6% plunge in quarterly profit on Monday due to weak advertising demand. NDTV reported a consolidated net profit of 5.9 million rupees ($72,206.58) for the quarter ended March 31, compared with 241.6 million rupees a year earlier. Revenue from operations fell 35.5% to 669.6 million rupees due to a "slowdown in global advertisement spend," the media company said. Ports-to-energy conglomerate Adani Group holds an about 64.7% stake in NDTV through RRPR Holding and Vishvapradhan Commercial after a contentious battle last year. Last month, rival TV18 Broadcast Ltd (TVEB.NS), owned by Reliance Industries Ltd (RELI.NS), also reported a slump in quarterly profit, citing lower-than-expected advertising revenue.

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