Asia FX optimism eases with bearish yuan sentiment: Reuters poll

By Jongwoo Cheon

SINGAPORE- Emerging Asian currencies bulls stepped back during the last two weeks with bearish sentiment on China's yuan, a Reuters poll showed.

However, positive views on regional currencies remained as the U.S. Federal Reserves on Wednesday indicated it was not in a hurry to raise interest rates although it kept the do

We maintain our Neutral on Alembic Pharmaceuticals Ltd by Ms. Sarabjit Kour Nangra - Angel Broking Pvt Ltd

 Below is the view on Alembic Pharmaceuticals Ltd 4QFY2016 Results by Ms. Sarabjit Kour Nangra (VP Research - Pharma, Angel Broking Pvt Ltd)

“Alembic Pharma announced its 4QFY2016 results, which were below expectations, on the sales front. On the sales front, the company posted sales of INR 626cr V/s INR 763cr expected, registering a Yo

We maintain our Neutral view on Yes Bank Ltd By Mr.Siddharth Purohit - Angel Broking Pvt Ltd

Below is the view On Yes Bank 4QFY2016 Results By Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd)

“Yes Bank reported a healthy performance during the quarter with PAT growth of 27.4% YoY to INR 702.1cr, above our expectations. NII for the bank grew at healthy pace of 27.1% YoY, on account of strong growth in advances and R

We maintain our Neutral rating on Rallis India Ltd By Ms. Sarabjit Kour Nangra - Angel Broking Pvt Ltd

Below is the view on Rallis India Ltd 4QFY2016 Results  By Ms. Sarabjit Kour Nangra (VP Research - Pharma, Angel Broking Pvt Ltd)

Rallis India Ltd (CMP: INR 194 / TP: / Upside):
 
“Rallis announced its 4QFY2016 results. The company posted a robust growth of 8.6% YoY, to end the period at INR 342cr, mainly driven by exports. On the o

We maintain our accumulate rating on Axis Bank By Mr. Siddharth Purohit - Angel Broking Pvt Ltd

Below is the view on Axis Bank 4QFY2016 Results By Mr. Siddharth Purohit (Sr. Equity Research Analyst- Banking, Angel Broking Pvt Ltd)
 
“Axis Bank has come out with mixed set of results. While NII growth of 19.8% to INR 4553 cr was in line with our expectations, higher than expected provisions were the reasons for a marginal 1.2% decline in PAT a

Ultratech Cements 4QFY2016 Results By Mr. Siddharth Purohit - Angel Broking Pvt Ltd

Below is the view on Ultratech Cements 4QFY2016 Results By Mr. Siddharth Purohit (Sr. Equity research Analyst- Cements, Angel Broking Pvt Ltd)
 

“Ultratech Cements has delivered an impressive set of results for 4QFY16. Volume growth at 15% to 13.6 Mn Ton is ahead of our estimates. However, realisation has dropped higher than expected and hence reve

Weekly Review: Global headwinds, profit booking dent equity markets
By Rohit Vaid 
 
Mumbai, April 23  Global headwinds, coupled with profit booking and unwinding of long positions ahead of key quarterly results, dented the Indian equity markets during the just concluded weekly trade.
 
Nevertheless, value buying at lower levels, healthy fourth quarter (Q4) results from IT majo
Indian Markets: A Glimpse of the Past and a step into the Future - Dynamic Levels

Dynamic Levels takes a birds eye view of the Markets with the Indian Economy in the Financial Year 2015-2016. Markets remained Choppy during this period as seen in the data and reports in the full report.

Last financial year i.e. 2015-16 remained negative for the Indian market. Benchmark Index Nifty, fell almost 10% in FY 2015-16. Market witnessed choppy sessions throughout the ye

We maintain our Accumulate rating on Tata Consultancy Services Ltd By Ms. Sarabjit Kour Nangra - Angel Broking Pvt Ltd

Below is the view on TCS 4QFY2016 Results By Ms. Sarabjit Kour Nangra (VP Research - IT, Angel Broking Pvt Ltd)
 

TCS (CMP: INR 2,522/ TP: INR 2,854 / Upside: 13.2%)
 
“TCS announced its 4QFY2016 results. The company, posted revenue of US$4,207mn V/s US$4,215mn expected with 1.5% QoQ growth, mostly volume led, which came in at

We maintain our Buy rating on LIC Housing Finance Ltd By Mr. Siddharth Purohit - Angel Broking Pvt Ltd

Below is the view on LIC Housing Finance 4QFY2016 Results  By Mr. Siddharth Purohit (Sr. Equity research Analyst- Banking, Angel Broking Pvt Ltd) 

Marginally lower on bottom-line front while operating parameters improved

“LIC Housing Finance Ltd has come out with its 4QFY16 results with PAT of INR 448 cr, which is marginally lower than

Optimism Index for India for Q2 2016 - Dun & Bradstreet Ltd

Key Macro Highlights

Reduction in repo rate and RBI hinted at monetary accommodation going ahead

Trade deficit in Feb 2016 tapered to its lowest monthly level since Sept 2013

The pace of contraction in exports has narrowed

Projection of normal monsoon in 2016 as La Nina condition to generate pace

Persisti

Key facts about the Doha oil meeting collapse

DOHA - A deal to freeze oil output by OPEC and non-OPEC producers fell apart on Sunday, leading to a steep drop in oil prices towards $40 on Monday.

Below are the key facts, questions and answers about the meeting:

 

WHAT WERE THE DOHA TALKS TRYING TO ACHIEVE?

Some 18 oil nations including OP

Not just China: Japan, South Korea push cheap steel as world reels

MANILA/TOKYO  - As the world reels from a flood of cheap Chinese steel, other countries including Japan and South Korea are selling products overseas at prices as much as a third lower than in their home markets, according to industry data and officials.

The underpricing by the world's second and third biggest steel exporting countries underscores t

Expert Views: China Q1 GDP growth eases to 6.7 percent, meets view; other indicators beat forecast

BEIJING  - China's economy grew at its weakest pace since the global financial crisis in the first quarter of 2016, maintaining pressure on Beijing to ramp up support measures as fears of a sharper downturn roil world financial markets.

Gross domestic product (GDP) in the world's second-largest economy grew 6.7 percent in January-March from a ye

Experts react as inflation eases, industrial output rebounds

MUMBAI  - India's annual consumer inflation eased for the second straight month to 4.83 percent in March, helped by smaller rises in food prices, government data showed on Tuesday.

Economists surveyed by Reuters had forecast retail inflation would slow to 5 percent in March from an upwardly revised 5.26 percent in February.

Data on

Expert Views: Monsoon rains seen above average in 2016

MUMBAI - India's crucial monsoon rains are expected to be above average in 2016, the weather office said on Tuesday, easing fears over farm and economic growth after two straight droughts hit rural incomes and agricultural output.

SOUMYA KANTI GHOSH, CHIEF ECONOMIC ADVISER, STATE BANK OF INDIA, MUMBAI:

"If the secon

Traders should continue with stock specific trading approach - Religare Securities Ltd.

Below is the view on  weekly technical recommendations by Mr. Jayant Manglik, President, Retail Distribution, Religare Securities Ltd.

Nifty witnessed profit taking on expected line in the passing week and settled below 7600 mark, tracking weak cues both from domestic and global front. Earlier, the start was on a positive note on report that India&rsquo

Mortgage reforms herald good tidings for home buyers

Some recent interventions by the central bank and the government can trigger a higher credit growth, providing a much-needed fillip to the housing sector. This is thanks to the cut of 25 basis points in its short-term lending rates by the Reserve Bank of India (RBI), the newly reformed lending rate regime for faster transmission of rate cuts and a host of mortgage reforms.

T

We expect the banks and financial institutions to transmit the cut to the customers By Mr. Dinesh Rohira - 5nance.com

Below is the view on RBI policy announcement by Mr. Dinesh Rohira, Founder CEO, 5nance.com


RBI has maintained the accommodative stance and cut the repo rate by 25 basis points to a 5 year low of 6.5% in its bi-monthly monetary policy review meeting today. RBI has also increased the reverse repo rate by 25 basis points to 6% while maintaining the CRR