Page 6 - Nomura

Monsoon woes: Is India staring at higher food price-led inflation?

However, if monsoon progress in August and is geographically more even, Nomura believes Kharif sowing could still pick up going ahead, which in turn could keep food prices and inflation under check.

Sensex at 85,000; Nifty at 25,000 by 2024? It's very much possible

However, for the markets to achieve this ambitious target, a number of variables at the fundamental level first need to fall into place to complete the jigsaw puzzle

Expect fiscal slippage of 0.4% in FY23, says brokerage firm Nomura

The Centre's reversal on windfall taxes within 18 days of announcing the moves led a Japanese brokerage to flag its impact on fiscal math.

Nomura cuts 2023 India GDP forecast to 4.7% amid recession fears

Despite the government's recent fiscal steps to counter inflation, Nomura believes, there are upside risks to inflation from the continued pass-through of higher input costs

Nomura Singapore buys 1.25 mn shares of BLS International worth Rs 27 cr

Global financial services firm Nomura Singapore on Monday purchased 12.5 lakh shares of technology services provider BLS International Services Ltd for Rs 27 crore through an open market transaction. According to bulk deal data available with the National Stock Exchange (NSE), Nomura Singapore Ltd bought 12,50,000 shares of the company at an average price of Rs 214 apiece, aggregating to Rs 26.75 crore. Shares of BLS International Services closed 1.25 per cent higher at Rs 211 on NSE.

Banks' Q1 net profit growth estimated at 47% as lending stays strong

According to Bloomberg's data on analysts' estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially

Many major economies to hit recession in CY23, says Nomura Holdings

The brokerage expects the euro zone, the UK, Japan, South Korea, Australia and Canada to fall into recession along with the US

Markets unlikely to bottom out soon amid recession fears: Nomura

As regards valuations, Nomura believes stocks have largely (if not fully) priced in expectations of higher policy/discount rates. They expect the markets to remain choppy in the near-term

Relief for telcos as govt scraps spectrum usage charge ahead of 5G auction

Nomura estimates saving of Rs 1,400-3,000 crore for telecom firms

5G auction, flat subscriber growth may weigh on Airtel, Voda Idea stocks

With organic cash flow, ongoing rights issue, strategic stake sale, improved market structure in India wireless, and easier 5G spectrum payment terms, Bharti remains well-placed to compete with R-Jio

Nomura names Jwalant Nanavati as Southeast Asia investment banking head

Hong Kong-based Nanavati, who joined Nomura nearly four years ago to head its Asia ex-Japan technology, media and telecom (TMT) investment banking team, will take over the new role from July 1

US likely to fall into recession as Fed Reserve raised rate hike: Nomura

Nomura warns that financial conditions will tighten further, consumers sentiment is souring, energy and food supply distortions have worsened and the global growth outlook has deteriorated

Infosys, TCS, Wipro: Is the fall in information technology stocks overdone?

In the last few weeks alone, analysts at JP Morgan, Kotak Institutional Equities and Nomura had sounded caution on the IT sector, suggesting that the heydays may be over, at least for now

Limited downside in markets provided inflation remains in check: Analysts

Peaking of inflation, analysts believe, could put a cap on bond yields and a floor on equity valuations

Analysts bullish on auto stocks amid govt. measures on fuel, steel price

At the operational level, Nomura sees margin benefit for companies in the backdrop of a cut in steel prices

India's Covid surge early hints of 4th wave; will not impact growth: Nomura

Rising cases are "early hints" of a fourth wave of the COVID-19 pandemic but do not pose any near-term risk to India's economic growth, a Japanese brokerage said

Nomura sees 75bps Fed hike in June, July; markets will absorb it: Analysts

Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023

We expect constructive environment for IPOs in 2nd half of FY23: Nomura

India's capital market fundraising will remain robust in the next six to 12 months as companies such as LIC are still looking to list, Nomura's Amit Thawani said

Petrol, diesel prices can rise by Rs 12, LPG by Rs 280 a cylinder: Nomura

Besides the petrol, diesel and LPG prices, compounding the woes for manufacturers and consumers alike is the sharp hike in prices of natural gas starting April 1 for a period of six months

Biz activity allays Russia-Ukraine war fears, hits all-time high

In a broad-based recovery, the Nibri rose to another record high of 126.4 for the week ending 20 March from 122.8 in the previous week, a 26.4 percentage point rise from the pre-pandemic levels