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FPIs dump 11 billion in Indian equities as Nifty 50 slides, rupee hits record low, US Treasury yields and Brent crude surge, and West Asia tensions darken outlook.

Morgan Stanley said that higher crude inventory levels in India, along with recent tax cuts, are positive for refiners and fuel retailers, while also reducing concerns around additional windfall taxes on the sector.

Bharti Airtel cited the relief granted to Vodafone Idea Ltd. and has sought similar relief, the department added.

Coal India to invest ₹3,300 crore in eight new coking coal washeries by FY30, modernise existing units, partner Tata Steel and cut import dependence.

The first chart compares the drawdowns experienced during the 2008 financial crisis and the COVID-19 crash. The second chart examines the five-year recovery following the bottom of each crisis. The third chart measures performance from the bottom of each crisis…

HSBC mentioned multiple potential catalysts for the stock, including firmer interest rates, the possibility of a repo rate hike, faster loan disbursements, and easing bond yields.

Industry players warned that if allocations fall below 70% of requirements, production may not be viable to restart. 

HSBC said capacity additions for the cement firms will peak in the financial year 2027. It estimates supply and demand dynamics to turn supportive from financial year 2028. 

Prashant Paroda, Portfolio Manager-Emerging Markets at Allspring Global Investments says recent market corrections have made Indian equities broadly attractive, with sharp declines in financials and communication stocks creating buying opportunities, especially in private banks, if the geopolitical situation improves within…

Dhiraj Nim, Economist, FX Strategist at ANZ Research warns that the currency is still adjusting to an adverse oil shock and may weaken toward 95 if pressures persist. While the RBI is allowing the exchange rate to act as a…