Gold Silver Reports (GSR) – Tata Communications Gain As Cabinet Clears Equity Infusion Into Hemisphere Properties — Shares of the Mumbai-based telecom service provider rose as much as 2.5 percent to Rs 653.80 after the Cabinet cleared transfer of administrative control of Hemisphere Properties India Ltd. from the telecom ministry to the housing and urban development ministry after equity infusion of Rs 700 crore and Rs 51 crore secured loan into the company.
Neal Bhai
Indranil Sengupta, Chief Economist- India, BofAML
Indranil Sengupta, Chief Economist- India, BofAML 📌 Strong case for RBI to cut rates to support growth 📌 Expect inflation to jump back to 5-5.5 percent in June …
Adani Group, Torrent Power Eye Eletrobras’ Power Distribution
Gold Silver Reports (GSR) – At least two Indian companies—Given the limited opportunities in India, these firms have been attracted by Latin America’s biggest utility’s six subsidiaries that are up for sale and supply electricity to 13 million people. Price-water-house-Coopers Brazil is running the sell side transaction process. Adani Group and Torrent Power—have shown interest in acquiring six electricity distribution firms put on sale by Brazil’s Centrais Elétricas Brasileiras, or Eletrobras, two people aware of the development said.
Banks Gain As RBI Grants Breather Ahead Of Monetary Policy Decision
Gold Silver Reports (GSR) – Banks Gain As RBI Grants Breather Ahead Of RBI Monetary Policy Decision — Shares of private and government-owned lenders were trading higher after the Reserve Bank of India provided relief to lenders by allowing them to reduce provisioning on NCLT accounts for March quarter ahead of the monetary policy decision.
Geoffrey Dennis Of UBS Investment Bank
Geoffrey Dennis Of UBS Investment Bank ✅ Reasonably sure of some talks between U.S. and China ✅ Imposition of tariff on not concerning to economic growth ✅ Global growth …
Inflation has Been Ticking Lower
Gold Silver Reports (GSR) – Money Market Update – Inflation has been ticking lower, but the RBI expects it to inch up in coming months amid rising fuel and vegetable prices. Traders will also watch out for whether the central bank allows foreigners to up their investments in government bonds, a move which is likely to fuel a further rally in the market.
Asia Stocks Gain After U.S. Rebound on Trade Hopes
Gold Silver Reports (GSR) – Japanese and South Korean shares led gains in the region and Australian equities advanced, with markets in China and Hong Kong closed Thursday for holidays. The S&P 500 Index swung from a loss to close up 1.2 percent, and 10-year Treasury yields turned higher, after traders’ optimism grew that the U.S. and China will step back from the brink of a trade war. Representatives from China and the U.S. left the door open for a negotiated solution to avoid tariff proposals that wouldn’t take effect for months.