New Delhi, May 24 (IANS) The recent weakness in the Indian rupee may be driven less by rising oil prices or concerns around the current account deficit and more by relentless domestic equity inflows through systematic investment plans (SIPs), according to a report by Jefferies.In a note titled “INR Pressure – The Downside of SIPs,” the brokerage said sustained foreign selling in Indian equities, coupled with strong domestic liquidity, has become a major factor weighing on the rupee.Jefferi…
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New Delhi, May 24 (IANS) Stabilisation of the rupee and improvement in the prospects of earnings growth can bring foreign institutional investors (FIIs) back to Indian stock markets, analysts said on Sunday.The FII selling stood at Rs 30,374 crore (in May to date), taking the total FII selling in 2026, so far, to Rs 222,343 crore. This is higher than the total sell figure of Rs 166,283 crore for 2025. “The important question is: when will the FIIs turn buyers in India. It is important to under…
New Delhi, May 15 (IANS) Shares of gold loan NBFC Muthoot Finance declined over 8 per cent on Friday as the company reported weak operational performance in March quarter, which highlighted concerns over falling customer numbers and rising impairments despite strong profit growth.On the BSE, the NBFC stock fell as much as 8.12 per cent to hit an intraday low of Rs 3,242.20 apiece. At the last count, the stock was trading at Rs 3,290, down 6.77 per cent from the previous close.In its quarterly fi…
New Delhi, May 8 (IANS) Leadership uncertainty at HDFC Bank has emerged as a key overhang for India’s banking sector, with brokerage firm Jefferies saying the controversy has disrupted benchmark valuations and capped rerating potential across banking stocks despite healthy fundamentals.In a note, the brokerage said investor sentiment toward the banking space has been weighed down by uncertainty surrounding HDFC Bank’s top management transition, along with geopolitical tensions in West Asia. …
Mumbai, April 22 (IANS) Shares of HCL Technologies tumbled sharply on Wednesday, falling more than 10 per cent to Rs 1,289 on the NSE, as investor sentiment turned negative following a disappointing quarterly performance and subdued growth outlook. The steep decline came after several brokerages downgraded the stock and cut their target prices, citing concerns over weak revenue growth, margin pressures and cautious forward guidance.The company’s earnings report highlighted multiple areas of co…
Mumbai, April 15 (IANS) Shares of Indus Towers came under pressure after Jefferies downgraded the stock to ‘Underperform’ from ‘Buy’ and slashed its target price, citing rising risks to growth, cash flows and valuations.The brokerage has cut its target price on Indus Towers to Rs 375 from Rs 530 — implying a downside of about 14 per cent from current levels.It said the downgrade reflects near-term uncertainties and structural pressures that could limit upside in the stock despite a stab…
New Delhi, March 27 (IANS) Major global leading brokerage Jefferies has exited its holdings in HDFC Bank and reduced its India exposure across key portfolios, following the resignation of the lender’s part-time chairman Atanu Chakraborty.In its latest “Greed & Fear” report, Jefferies strategist Chris Woods said the firm has removed HDFC Bank from its Asia ex-Japan long-only equity portfolio, global long-only equity portfolio, and international long-only equity portfolio (ex-USA). No sp…
New Delhi, March 13 (IANS) Global equity markets have not fully priced in the economic fallout of the ongoing war in the Middle East, Christopher Wood, global head of equity strategy at Jefferies, said in his weekly note to investors.Wood said markets have shown surprising resilience considering that it has been nearly two weeks since the U.S.‑Israel strikes on Iran.“The explanation for the lack of a more dramatic sell‑off in stocks is markets’ continuing assumption that Donald Trump wil…
Washington, March 7 (IANS) The United States lost 92,000 jobs in February, according to data released by the Bureau of Labour Statistics, signalling potential weakness in the US economy. Nonfarm payrolls fell by 92,000 from the previous month, marking the third decline in payrolls over the past five months.The jobless rate ticked up to 4.4 per cent as jobs decreased in key sectors.The healthcare industry lost 28,000 jobs, mostly due to a strike at a major health insurance provider, reports Xinhu…
Mumbai, Feb 24 (IANS) India’s benchmark equity indices recorded their worst session in four days on Tuesday, dragged down by heavy selling in banking, infrastructure and IT stocks amid fresh concerns over US trade policy.The 50-share Nifty ended 1.12 per cent, or 288.35 points, lower at 25,424.65. The Sensex closed 1.28 per cent, or 1,068.74 points, down at 82,225.92.Commenting on Nifty technical outlook, an analyst said that the 25,500–25,600 zone remains a crucial resistance band; a decisi…