Indian IT firms anticipate a strong comeback in FY26. Global trends and increased AI use will drive growth. The Indian stock market also looks set for a recovery. Factors like tax cuts, liquidity, and infrastructure spending are boosting the economy. Positive surprises are expected to lift markets as earnings improve.
Bharti Telecom, the holding company of Bharti Airtel, is set to launch its largest bond sale of the current fiscal year. The company aims to raise 150 billion rupees through bonds maturing in two and three years. This fundraising is expected to be at significantly lower rates than last year. Mutual funds are anticipated to be major buyers.
India's initial public offerings are set to raise up to $20 billion in the coming year. This surge will solidify India's standing as a leading global listings market. Domestic capital, including retail investors, is fueling this growth. Several prominent companies are preparing for their IPOs, promising an active period for the Indian stock market.
REITs and InvITs offer investors stable, mid-teen returns with long-term growth potential, aligning with global equity classifications. Recent SEBI reforms enhance clarity and broaden participation, transforming India's commercial real estate market by institutionalizing the sector and democratizing investment opportunities.
The yen is experiencing its steepest weekly fall in a year, driven by dwindling hopes of a Bank of Japan rate hike and political uncertainty. Meanwhile, the euro is near two-month lows due to French political turmoil, impacting budget stability. The dollar index has strengthened significantly as markets digest shifting central bank expectations and political risks.
Gold prices are climbing, nearing an eighth consecutive weekly gain. Global uncertainty and anticipated US Federal Reserve rate cuts are driving demand for the precious metal. Investors are seeking safety amidst political turmoil in Japan and France, and a US government shutdown. This trend suggests continued strength for gold as a hedge against economic instability.
Indian markets saw a pause as American stocks ended lower. Investors are now focused on upcoming corporate earnings and clues from the Federal Reserve about interest rate cuts. The market awaits signals on economic health and future monetary policy. This period of consolidation precedes a crucial earnings season, with major banks set to report results soon.
Asian equities opened lower, mirroring a pause in US stock rallies amid concerns over stretched valuations. While South Korea's Samsung Electronics surged, other markets saw declines. Investors are reassessing gains spurred by AI-linked tech stocks, with some analysts suggesting a potential bubble, though others point to sustained earnings power.
The United States will deploy up to 200 troops to Israel to establish a Civil-Military Coordination Center, tasked with supporting stabilization efforts in Gaza. This task force will facilitate aid flow and monitor a Gaza agreement, working with international partners but without deploying into the Palestinian enclave.
