MORGAN STANLEY SENSEX PREDICTION
India bond yields extend rise as market digests RBI stance shift
Indian government bond yields experienced an increase in early trading on Monday as investors assessed the Reserve Bank of India's unexpected shift to a neutral policy stance. This followed a larger-than-anticipated rate cut. Traders anticipate caution to prevail, with potential for recovery in the coming days. The RBI's decision and liquidity measures are influencing market expectations for future rate adjustments.
Buy, Sell or Hold: Emkay initiates coverage on Aditya Birla Real Estate; Morgan Stanley initiates coverage on Swiggy
Emkay Global has initiated coverage on Aditya Birla Real Estate with a Buy rating and 40% upside potential, driven by strong bookings, project pipeline, and healthy financials. Meanwhile, Morgan Stanley began coverage on Swiggy with an Overweight rating, citing its improving food delivery performance and rapid expansion in quick-commerce. Both brokerages signal strong long-term growth prospects for the respective companies.
Indian market recovery driven by govt spending & rural demand: Gokul Laroia, Morgan Stanley
Morgan Stanley's Gokul Laroia believes Indian market recovery hinges on government spending and rural demand revival. He anticipates continued US dollar weakening. Laroia notes global investors were cautious about India but that sentiment is shifting. He acknowledges India's valuations are high but justified by earnings growth and ROE. US Treasury yields are a concern due to the rising fiscal deficit.
De Beers draws interest from billionaire Agarwal, Qatari funds, sources say
De Beers, currently being divested from Anglo American, has attracted interest from multiple consortia, including billionaire Anil Agarwal, Indian diamond firms like KGK Group and Kapu Gems, and Qatari investment funds. This move occurs amidst challenging global diamond prices as Anglo American shifts its focus to copper and iron ore.
SBI MF, Goldman Sachs, others buy 1.8% stake in Bajaj Finserv for Rs 5,506 crore
Major deals occurred in the stock market. Big investors like SBI MF and Morgan Stanley bought a stake in Bajaj Finserv from its promoters. The deal was worth Rupees 5,506 crore. Similarly, Wabco Asia sold part of its stake in ZF Commercial Vehicle for Rupees 792 crore.
From engineering to Wall Street: Ankit Aggarwal on building a career at the intersection of science and finance
Ankit Aggarwal, with a decade of experience in global capital markets, shares his journey from IIT Bombay to J.P. Morgan, highlighting his focus on healthcare investment banking. He emphasizes the importance of advising companies that bring scientific innovation to patients, navigating the evolving biotech capital markets, and prioritizing long-term value creation.
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Morgan Stanley opens xAI books with Musk in Trump crosshairs
Morgan Stanley faces challenges in selling debt for xAI Corp. due to the public feud between Elon Musk and Donald Trump, despite xAI's projections of significant earnings growth. Internal numbers presented to investors reveal xAI anticipates generating over $13 billion in annual earnings by 2029. However, Trump's willingness to punish those who challenge him complicates the debt sale effort.
Eternal shares jump over 8% in 2 days. Here's why
Eternal shares: The rally was largely driven by Morgan Stanley reaffirming its ‘Overweight’ rating on the stock, with a maintained target price of Rs 320 per share.
There’s no such thing as EMs any more; Morgan Stanley picks strongest stories including India: Jonathan Garner
Morgan Stanley's Jonathan Garner highlights India's robust economic resurgence, driven by strong GDP growth and easing monetary policies. He emphasizes India's distinct position among emerging markets, fueled by superior earnings growth and increasing weight in global equity indices. Garner notes that global fund managers are compelled to allocate towards India, recognizing it as a key global equity destination.
Logistics firms under pressure; The race to deliver style
Happy Thursday! With Indian ecommerce firms insourcing deliveries, the third-party logistics sector is likely to witness consolidation. This and more in today’s ETtech Morning Dispatch.
Swiggy may recover quick commerce share despite widening losses: Morgan Stanley
Despite ongoing losses, Morgan Stanley is optimistic about Swiggy's quick commerce venture, Instamart, citing a significant rise in gross order value. The brokerage firm anticipates Swiggy's strong financial position will enable it to withstand competition and maintain market share. They also project substantial growth in the quick commerce market by 2030, benefiting companies with existing infrastructure investments.
Nvidia on m-cap podium; Flipkart’s block deals
GPU giant Nvidia has once again become the most valued publicly traded company in the world, boasting strong financials and sector dominance. This and more in today’s ETtech Top 5.
Swiggy shares rise 5% in two days after Morgan Stanley initiates coverage with overweight rating
Morgan Stanley initiated coverage on Swiggy with an 'Overweight' rating and a price target of Rs 405, indicating a 22% upside. The brokerage highlighted strong growth potential in food delivery and quick commerce, valuing Swiggy as an emerging competitor to market leader Zomato with significant long-term earnings prospects.
Domestic demand to anchor growth as exports and capex face global drag: Upasana Chachra
Morgan Stanley anticipates India's growth to moderate to 6-6.2% in the coming quarters, influenced by a slowdown in global demand. While domestic demand shows promise, driven by government and household capital expenditure, external uncertainties and trade policy shifts may hinder private investment. Government spending is expected to maintain momentum, supporting the overall capital expenditure environment.
How is India benefiting from supply chain diversification away from China? Morgan Stanley’s Chetan Ahya explains
Morgan Stanley's Chetan Ahya highlights India's growing advantage over China due to tariff differences. American companies are considering increased imports from India. Government policies are significantly boosting manufacturing and exports. Electronics manufacturing is expanding beyond mobile phones. Infrastructure development will further strengthen India's manufacturing exports. Optimism in Indian equity markets aligns with positive economic fundamentals.
Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers
Aptus Value Housing block deal: Aptus Value Housing Finance witnessed Rs 804 crore worth of block deals on Tuesday. Key buyers included Morgan Stanley, East Bridge Capital, SBI MF, Axis MF, and iRage Broking, acquiring shares at Rs 307 each.
4 reasons why Morgan Stanley believes Eternal shares can rally up to Rs 320
Morgan Stanley remains bullish on Eternal (formerly Zomato), naming it a top pick with a target price of Rs 320, citing market leadership and a strong balance sheet. The brokerage projects India's Quick Commerce TAM to reach US$57 billion by 2030, driven by rapid customer growth.
Elon Musk’s xAI to raise $5 billion through debt sale
Elon Musk's xAI is seeking $5 billion in debt financing, with Morgan Stanley managing the offering, to fuel its AI infrastructure expansion, including a massive data centre in Memphis. This move comes as Musk shifts focus back to his businesses after a period of political involvement. The debt package has already seen strong investor demand, exceeding $3.5 billion.
Ridham Desai sees India outperforming global markets despite uncertain global economic environment
Morgan Stanley's Ridham Desai highlights that while US tariffs are a concern, the slowdown in US immigration is a significant factor impacting growth. Reduced immigration could lead to wage inflation and supply-side challenges. Desai anticipates slower US growth and a reluctant Federal Reserve.
India’s structural strength makes it a long-term winner despite global challenges: Ridham Desai
Morgan Stanley's Ridham Desai believes Indian equities are reasonably priced, despite foreign investors being underweight due to perceived high PE multiples. He highlights India's macro stability and growth amidst a challenging global environment, describing it as an "oasis in a desert.
Morgan Stanley, Walmart, Pfizer and more: Full list of over 150 American companies laying off employees in June
The US workforce is facing significant job cuts in June 2025, following widespread layoffs in the first quarter. Reports suggest nearly 160 companies across retail, pharmaceuticals, airlines, and other sectors are planning reductions. Federal agencies and corporate restructuring contribute to the economic uncertainty, exacerbated by tariffs. Here's a look at various American companies laying off employees in June.
Suzlon Energy shares jump 11% in 3 days on 365% Q4 PAT surge, brokerages eye Rs 83 target
Suzlon Energy shares: The stock rallied after the company reported a 365% year-on-year jump in consolidated PAT, rising to Rs 1,182 crore in Q4FY25 from Rs 254 crore in the same quarter last year.
Morgan Stanley sees ‘uncomfortable’ rally in emerging markets
Morgan Stanley predicts a continued rally for emerging-market assets through the year, tempered by global economic deceleration and US policy ambiguity. Despite uncertainties, local-currency bonds are expected to benefit from declining US Treasury yields, potentially enabling central banks to implement rate cuts without significant currency concerns.
Shapoorji Group secures $3.4 billion in record Deutsche-led credit deal
Deutsche Bank orchestrated a significant $3.35 billion private credit deal for the Shapoorji Pallonji Group, securing funds from global investors like BlackRock and Morgan Stanley. The three-year nonconvertible debentures, backed by a portion of SP Group's Tata Sons stake, offer a 19.75% yield.
Wall Street fears foreign tax in budget bill may reduce allure of US assets
Analysts warn a new US tax targets foreign investors. The tax, included in a budget bill, may affect demand for US Treasury bonds and the dollar. Deutsche Bank suggests it could escalate trade tensions. Morgan Stanley predicts a weaker dollar due to reduced foreign investment. European investors may be particularly affected. The tax aims to raise revenue but faces scrutiny.
Suzlon Energy shares soar 13% after Q4 profit surges 365% YoY to Rs 1,182 crore. Should you buy, sell or hold?
Suzlon Energy share price: Suzlon Energy's net profit rose substantially in the fourth quarter of fiscal year 2025. Revenue from operations also saw a considerable increase. Brokerage firms like Motilal Oswal and Morgan Stanley have given positive ratings for Suzlon's stock. They anticipate further growth in the company's performance in the coming fiscal year.
China tells Morgan Stanley it welcomes more US financial institutions, Xinhua reports
China is encouraging more financial engagement with the United States. Vice Premier He Lifeng said that China welcomes more U.S. financial institutions and long-term capital to expand partnerships. The official Xinhua news agency reported this after a meeting in Beijing.
China sends direct message to Donald Trump as Beijing rolls out red carpet for American financial institutions
China also approached the United Arab Emirates for a possible bilateral free trade deal, UAE's trade minister Thani Al Zeyoudi said
Sensex soars 800 points, but will FIIs strike again after Rs 10,000 crore blow?
Domestic brokerage Kotak Institutional Equities has cautioned that the recent sharp rally in Indian equities does not reflect the underlying challenges, including global trade uncertainties, limited progress in India-US trade talks, a weakening earnings outlook, and stretched valuations.
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