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251 stories mentioning Nifty 50Updated 1d ago

India's benchmark in focus as May data showed goods and services exports up 15.8% and imports up 19% year over year.

Asia

Market Chatter: RBI Proposes Tighter Risk Controls for AI Use in Banks

The Reserve Bank of India has proposed a framework requiring banks and other regulated entities to strengthen oversight of artificial intelligence and machine-learning models through board-approved policies, model inventories and tighter risk controls, Reuters reported Wednesday, citing RBI draft guidelines.Under the draft guidelines, banks would need to monitor risks at both the individual model and enterprise level, validate all models independently, and ensure that third-party models are also subject to review.The central bank said lenders should establish human oversight for AI-driven decisions and add extra cybersecurity controls for generative AI systems that interact with customers or external users.The central bank has invited feedback on the proposal until July 24.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Premature to Talk About Interest Rate Hikes: RBI Governor

The Reserve Bank of India (RBI) is not considering raising interest rates at the moment, Governor Sanjay Malhotra said in an interview with news channel ET Now on Wednesday, adding it was "premature" to discuss the same.His comments come amid market expectations of monetary policy tightening as rising oil prices and global uncertainties continue to add pressure on inflation and the Indian economy. Earlier in the month, the RBI's Monetary Policy Committee had kept the benchmark interest rate unchanged at 5.25% and retained its policy stance as neutral.Malhotra said the RBI was "cautious" on inflation and growth and is keenly watching whether higher oil prices are affecting the prices of other goods and services across the economy. According to him, such broader inflationary pressure has not appeared so far.The central bank would continue to closely monitor inflation and global developments before making any decision on a rate hike, he said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

AI-Driven Boom to Benefit Tech-Heavy Asia-Pacific Economies, S&P Says

Asia-Pacific economies with significant tech manufacturing will benefit from an AI-linked tech export boom, S&P Global Ratings said Wednesday.The benefits from the AI tech rally will counter the adverse effects from the energy shock in these economies, S&P Asia-Pacific chief economist Louis Kuijs said.S&P sees possible upward GDP estimate revisions for markets with solid tech shipments, mainly South Korea and Taiwan, as well as Malaysia, Singapore, and Thailand.Meanwhile, the impact of the energy shock has dampened growth forecasts for India, Japan, New Zealand, and the Philippines, S&P said.The rating agency's forecast for China remains stable as strong export dynamics offset weaker domestic demand.S&P maintained its baseline GDP growth forecasts in the region excluding China at 4.5% for 2026 and 4.4% for 2027.

^BSEFTSE Bursa Malaysia KLCI^KOSDAQKOSPINikkei 225Nifty 50^NZ50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: India to Review Steel Import Trends Before Considering Further Curbs

India will track steel import levels for at least two more months before deciding whether additional measures are required to curb cheap inbound shipments mainly from China, Reuters reported on Tuesday, citing a source familiar with the matter.The country remained a net importer of finished steel for a second consecutive month in May, with imports reaching about 0.7 million metric tons, higher than the average seen over the previous six months. Finished steel exports in May stood at 0.5 million metric tons.No decision has been made on additional measures, which could include anti-dumping duties or other trade measures, the report noted.India's Ministry of Steel did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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India's Private Sector Growth Moderates in June as Services Activity Hits 17-Month Low, Manufacturing Eases
US Markets

India's Private Sector Growth Moderates in June as Services Activity Hits 17-Month Low, Manufacturing Eases

Growth in India's private sector moderated in June as a cooling in new orders and slower inventory accumulation pulled business activity down from recent elevated levels.The HSBC Flash India Composite Output Index slipped to 57.4 from 59.3 in May, marking the slowest pace of expansion since March, according to data released by S&P Global and HSBC on Tuesday.Both sectors saw momentum ease. The manufacturing output index fell to a two-month low of 57.4, down from 58.0 in May, while the headline Manufacturing PMI ticked down to 54.5 from 55.0.Meanwhile, the services sector hit a 17-month low, with its business activity index dropping to 57.3 from 59.8."Growth of manufacturing output softened a tad as inventory-building lost steam after a few hectic months," HSBC Chief India Economist Pranjul Bhandari said."New export orders remained resilient and the order-to-inventory ratio ticked up, pointing at resilient manufacturing activity down the line. Input costs across the private sector rose, but at the slowest pace in five months."While market competition weighed on the pace of expansion, cost pressures provided some relief. Overall input costs and output charges rose at their slowest rates in months.In terms of trade, services exports accelerated, while manufacturing export growth sank to its weakest level since March 2023.Regional supply chains could see relief as the U.S. and Iran advance toward a potential deal to defuse Middle East tensions. However, any domestic economic recovery will likely be gradual, even as maritime traffic normalizes through the Strait of Hormuz, according to ING."Industries faced higher freight charges, longer delivery times, and rising feedstock costs during the peak of tensions," ING analysts Deepali Bhargava, Lynn Song, and Min Joo Kang wrote in a Monday note."Although input cost pressures have eased from their March-April highs, they remain above pre-conflict levels. With output prices adjusting more slowly due to weak pricing power and incomplete pass-through, corporate margins-especially in energy-intensive sectors-continue to face sustained pressure."

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International

India's Private-Sector Activity Slows in June

Business activity across India's private sector slowed in June, with the HSBC India Composite Purchasing Managers' Index (PMI) falling to 57.4 from 59.3 in the previous month, according to preliminary data compiled by S&P Global and released on Tuesday.The reading remained well above the 50.0 mark that separates expansion from contraction.The monthly slowdown was driven by cost pressures and softening demand for business' products and services.The manufacturing PMI, released the same day, fell to 54.5 from 55 the previous month, while the services PMI declined to 57.3 from 59.8 in May.

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International

India's Manufacturing Activity Slows in June, HSBC-S&P Survey Shows

Manufacturing activity in India expanded at a slower pace in June, with the HSBC India Services Purchasing Managers' Index (PMI) falling to 57.3 from 59.8 in the previous month, according to data compiled by S&P Global and released Tuesday.A reading above 50 indicates expansion in the sector, while a figure below signals a contraction.The latest performance was driven primarily by cost pressures and softening demand.

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International

India's Core Sectors Log 0.5% Growth in May

India's combined Index of Eight Core Industries (ICI) provisionally increased by 0.5% year over year in May, according to data released Monday.The Ministry of Commerce and Industry's Office of the Economic Adviser said the production of steel, cement, and electricity logged positive respective growth of 5%, 8.4%, and 8.7% in the month.On the other hand, coal, crude oil, natural gas, petroleum refinery products, and fertilizer output slipped 9.3%, 4.6%, 4.9%, 8.7%, and 0.9%, respectively, in May.In April, the final growth rate of the ICI was recorded at 1.8%.

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International

Asia Week Ahead: Policy Rates; Inflation Prints; and Labor Data

The macro calendar in Asia for the week of June 22 will be relatively light, though investors will still have a mix of inflation prints, activity indicators and policy decisions to track.The week gets off to a quiet start on Monday with China's benchmark lending rates.Activity picks up Tuesday with inflation data from Hong Kong and Singapore, alongside preliminary manufacturing and services readings from several major economies.Wednesday brings Thailand's monetary policy decision, while Thursday will shift the focus to Australia's labor market data.Friday rounds out the trading week with Tokyo inflation data, as well as Singapore's trade and industrial production figures.China's industrial profits data will follow on Saturday, with markets watching for signs of continued growth in corporate earnings.Here's what to watch in the week ahead.MONDAY, June 22The week kicked off with the release of China's closely-watched lending rates.As expected, the People's Bank of China kept its benchmark rate steady at its monthly fixing, with the one-year and five-year loan prime rate (LPR) maintained at 3% and 3.50%, respectively.Macao's monthly inflation print will be in the news later in the day.TUESDAY, June 23The second day of the week brings inflation data from Hong Kong and Singapore, along with preliminary readings on manufacturing and services activity across several economies.Singapore's inflation is expected to rise to 2.1% year on year in May from 1.8% in April, according to ING. The bank said the increase would mainly reflect elevated food prices and the delayed pass-through of earlier fuel price gains.Inflation in Hong Kong is similarly expected to accelerate to 2.1% in May from 1.7% in April, Trading Economics forecasted.Taiwan will report its monthly export orders and unemployment rate. Economists at ING said they expect May export orders to rise to 50.7% year on year amid the ongoing tech boom.Meanwhile, unemployment is expected to edge up to 3.4% in May from 3.34% in April, according to a Trading Economics forecast.On the activity front, S&P Global releases flash purchasing managers' index reports covering manufacturing, services, and composite activity in India, Japan, and Australia.Thailand reports its trade figures for May.According to Trading Economics, the country's trade deficit could narrow to $5 billion from a $10.02 billion deficit in the prior month period.South Korea's monthly consumer confidence report will also be among the highlights of the day.WEDNESDAY, June 24Thailand's central bank will convene for its interest rate decision, with markets expecting no change to the current benchmark of 1%, according to a Trading Economics forecast.Markets will also be closely watching Australia's monthly inflation print after the country's central bank decided to leave the cash rate target unchanged at its most recent meeting to assess the impact of previous rises and the oil supply disruption.Australia's consumer price index (CPI) is expected to fall 0.3% from the previous month, a result that would still see the annual pace of inflation rise to 4.4%, Westpac said.Transport is expected to be the primary drag due to lower fuel prices, alongside declines in clothing and footwear, somewhat offset by modest gains in food and housing, according to the bank.Elsewhere, Taiwan will report industrial production and retail sales data for May.As with export orders, industrial production is expected to benefit from the ongoing tech boom and could record a growth of 14.2% year on year, ING said.THURSDAY, June 25Thursday will be relatively light on macro readouts, with Australia's monthly labor data among the handful of releases of note.Westpac said it expects Australia's May labour force data to show a bounce-back after April's data surprised materially to the downside, possibly due to extra holiday-related weakness tied to the survey's Easter timing.The bank forecast a bounce-back in employment of 45,000 for May, with the participation rate edging back up to 66.8%, and the unemployment rate slipping to 4.4% from 4.5%.Hong Kong's May trade figures will also feature Thursday.The city is expected to report a trade deficit of HK$32.5 billion for the month, widening from a deficit of HK$29.5 billion in April, Trading Economics forecasted.In South Korea, the business confidence survey for June will be expected. The readout should show an improvement in business sentiment amid easing geopolitical tensions and strong performance in the tech sector, ING said.FRIDAY, June 26Japan's closely watched Tokyo core consumer price index for June will capture headlines, offering markets an early indicator of the overall inflation rate in the country.Economists at ING expect headline inflation to rise modestly to 1.7% year on year from 1.4% in the prior month and below the government's 2% target."JPY weakness and second-round effects from higher energy prices should add to inflationary pressures on both goods and services prices," ING said.Trade data from Singapore and Macao will also feature Friday, with Singapore additionally reporting industrial production data.Lastly, the Philippines will release its business confidence report for May.SATURDAY, June 27The week rounds off with the release of China's industrial profits data.After profits at major industrial enterprises rose 18% year on year in the first four months of 2026, markets will be watching the latest data for signs of continued growth.

ASX 200^BSEHang SengKOSPINikkei 225Nifty 50^PSEI^SETShanghai Composite^STI^SZSETaiwan Weighted
Asia

Market Chatter: SUV Demand Lifts Hyundai, Kia Vehicle Sales in India Through May

Hyundai Motor and Kia reported double-digit growth in India's passenger vehicle market during the first five months of 2026, supported by strong demand for sport utility vehicles, South Korea's Yonhap News Agency reported on Sunday, citing data from the Society of Indian Automobile Manufacturers (SIAM).Hyundai sold 266,317 passenger vehicles between January and May, an increase of 10.1% year on year, while Kia's sales rose 14.6% over the same period.Combined sales of the two automakers reached 405,514 units, up 11.6% year on year. Popular SUV models, including Hyundai's Creta and Venue and Kia's Seltos and Sonet, accounted for a major share of deliveries.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: India Wants US Tariff Advantage Over Rivals Before Signing Trade Deal

India wants tariff terms from the U.S. that provide an edge over competing countries before signing the proposed India-US Bilateral Trade Agreement (BTA), Indian news agency ANI reported on Saturday, citing Commerce Minister Piyush Goyal.The minister said the framework for the agreement has already been settled, but outstanding tariff issues still need to be resolved, according to the report.Goyal said India is seeking lower duties than those of rival countries, calling the matter the key issue pending before the agreement can take effect.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

RBI Minutes Show Consensus on Neutral Policy Stance

The Reserve Bank of India (RBI) released the minutes of its latest Monetary Policy Committee (MPC) meeting Friday, revealing consensus among members regarding the future path of interest rates and the central bank's policy stance.At the meeting held from June 3 to June 5, the MPC voted 6-0 to maintain the policy repo rate at 5.25% and also voted to keep the stance neutral.According to the minutes, Governor Sanjay Malhotra emphasized that India's economic situation is healthy compared with many peers, with a fast growing economy and benign inflation.Many MPC members shared concerns over the impact of the prolonged West Asia conflict on the global economy, with Nagesh Kumar, in particular, stating that the conflict is an important shock for India's economic outlook in the near term.

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Asia

National Stock Exchange of India Files Draft Papers for IPO

The National Stock Exchange of India has initiated the process of its public listing by filing its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (Sebi) on Wednesday, according to the filing made the same day.The IPO consists entirely of an offer for sale, with existing shareholders collectively divesting 148.9 million equity shares, or around 6% stake in the exchange. The shares are proposed to be listed on the other Indian stock exchange, BSE.The selling shareholders include the largest seller, State Bank of India (NSE:SBIN, BOM:50011), offering up to 24.75 million shares. Others include MS Strategic (Mauritius), which will divest up to 16 million shares, while Canada Pension Plan Investment Board has offered up to 11.9 million shares in OFS.The offer price and timing of the IPO will be detailed at a later date.

^BSE^NSENifty 50BOM:500112NSE:SBIN
International

Market Chatter: US, India 'Very Close' to Trade Agreement

President Donald Trump said the U.S. was "very close" to finalizing the proposed bilateral trade deal with India, Asian News International reported Thursday.The trade agreement was part of negotiations between Trump and Indian Prime Minister Narendra Modi on the sidelines of the G7 summit in France on Wednesday, the report said.U.S. Trade Representative Jamieson Greer will visit India next week to finalize the deal's framework, the report said, citing Indian commerce secretary Rajesh Agrawal's earlier statement.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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International

UK-India Free Trade Agreement to Take Effect from July 15

The Comprehensive Economic and Trade Agreement (CETA) between India and the United Kingdom, which was signed last year, will come into effect on July 15, according to official statements from both sides released on Wednesday.Under the pact, the UK will provide zero-duty access to 99% of Indian products, while India has agreed to remove or reduce tariffs on 90% tariff lines, which will cover 92% of existing goods imports from the UK.The deal is expected to boost the UK's gross domestic product by 4.8 billion pounds sterling, real wages by 2.2 billion pounds, and bilateral trade by 25.5 billion pounds sterling every year in the long run.The two parties worked out the contentious issue of steel exports. India has secured protection for the majority of its steel exports to the UK under the agreement, with 85% of outbound shipments kept outside Britain's upcoming steel safeguard measures.For Indian consumers, the deal will make whisky cheaper with tariffs cut from 150% to 40%, automobiles from 100% to 10% under a quota, and cosmetics will see tariffs of up to 22% eliminated either from day one or after 10 years.The British government said businesses had 28 days to register in order to get the benefit of tariff reductions.

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Asia

Indian Civic Body BMC Extends Deadline to Select Merchant Bankers for Bond Issue

India's Brihanmumbai Municipal Corp. (BMC) has extended the deadline for market players to submit proposals to select merchant bankers for its upcoming municipal bond offering to June 19 from June 15, according to a recent corrigendum to the tender on the Maharashtra government's website.BMC, which is seen as India's richest civic authority, had floated a tender on May 22 to appoint a lead manager for the bond issue, aimed at raising up to 95 billion Indian rupees through bonds in one or more tranches.News reports earlier this month said 13 banks and financial institutions had submitted bids to act as merchant bankers for the proposed fundraising exercise.Bids will be opened on June 22 instead of June 16.

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Asia

Market Chatter: India Silver Imports Fall 87% in May After Import Curbs Tightened

India's silver imports fell sharply in May after the government tightened restrictions on inbound shipments, with volumes hitting lowest level in over three years, Reuters reported Monday, citing Ministry of Commerce and Industry data.Silver imports plummeted 87% to $75.57 million from $566.22 million a year earlier, while volumes plunged 94% year on year to 33 metric tons, government data reportedly showed.India introduced curbs in mid-May covering nearly all forms of silver and later expanded restrictions to include silver grain and powder, requiring prior authorization for shipments, Reuters noted.The government has also reportedly increased import duties on silver and gold to 15% from 6% to reduce precious metals inflows and ease pressure on foreign exchange reserves.The country spent a record $12 billion on silver imports in fiscal 2025-26, compared with $4.8 billion last year.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Sify Infinit Spaces Defers INR37 Billion IPO Amid Weak Market Conditions

Sify Infinit Spaces has put its planned 37 billion Indian rupee initial public offering on hold amid weak stock market conditions, Bloomberg reported Tuesday, citing people familiar with the matter.The India-based data center operator was reportedly targeting a valuation of up to $4.2 billion in the proposed share sale.The company may revisit the initial public offering when market conditions improve, the people told Bloomberg.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Indian Equities Extend Rally on Thursday as Peace Deal Optimism Supports Risk Appetite

Indian benchmark indices ended higher on Tuesday, extending gains for a third straight session as improving global sentiment and lower crude oil prices continued to support buying across sectors.The BSE Sensex rose 544.15 points, or 0.7%, to close at 76,808.48, while the NSE Nifty 50 gained 135.25 points, or 0.6%, to settle at 23,989.15.The proposed U.S.-Iran peace agreement lifted sentiment across markets as easing energy supply concerns pushed crude oil prices lower. Investors are now awaiting the formal signing of the deal, which is expected to bring an end to the conflict in the Gulf region.In corporate developments, Tata Consultancy Services (NSE:TCS, BOM:532540) said it expects to record an additional one-time charge of $70 million in the first quarter of fiscal 2027 related to its ongoing legal dispute with DXC Technology. The disclosure follows the U.S. Supreme Court's decision not to review the case.Bharti Airtel (NSE:BHARTIARTL, BOM:532454) incorporated a wholly owned subsidiary, Airtel Global IFSC, in Gujarat International Finance Tec-City. The new entity will operate as a finance company focused on global corporate treasury activities and other permitted services.

^BSENifty 50BOM:532454BOM:532540NSE:BHARTIARTLNSE:TCS
Asia

Market Chatter: Advit Jewels Sets Price Band for Upcoming IPO, Issue Opens June 23

Advit Jewels has set price band for its upcoming initial public offering at 130 rupees to 138 rupees per share, Mint reported Monday.At the upper end of the band, the company plans to raise up to 1.65 billion rupees, the report said.The issue will open for subscription on June 23 and close on June 25, according to a company document filed with Securities and Exchange Board of India last week.The Jaipur-based jewelery company's IPO is entirely a fresh issue of 11.9 million shares, with no offer-for-sale component, the document said.Investors can bid in lots of 100 shares, Mint noted.The company plans to use 650 million rupees from the proceeds for working capital needs and another 65 million rupees for repayment or prepayment of borrowings, the report said. The rest will be used for general corporate purposes, it added.The issue allocation includes up to 50% for qualified institutional buyers, at least 15% for non-institutional investors and a minimum 35% for retail individual bidders, Mint said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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