Global financial firm J P Morgan has said that it plans to include Indian government bonds (IGBs) or government securities (G-Secs) into its benchmark Emerging Market index from next year, a move that will bring down borrowing cost for the government. The inclusion of the IGBs will be staggered over a 10-month period from June 28, 2024 to March 31, 2025, indicating one per cent increment on its index weight. "India's weight is expected to reach the maximum weight threshold of 10 per cent in the GBI-EM Global Diversified, and approximately 8.7 per cent in the GBI-EM Global index," J P Morgan said in a statement on Friday.
The sweeping tariffs proposed across sectors by US President Donald Trump are scheduled to be imposed starting April 2, with most analysts worried about their impact on companies, and in turn the financial markets. Recently, the US administration signaled that it will impose sectoral tariffs on energy, pharmaceuticals, semiconductors, agriculture, copper, and lumber.
Morgan Stanley on Thursday became the latest brokerage to question the valuations of Indian equities and downgraded them from 'overweight' (OW) to 'equalweight' (EW) and recommended taking some money off the table. "We move tactically EW on India equities after strong relative gains - we expect a structural multi-year earnings recovery, but at 24 times forward price-to-earnings (P/E) we look for some consolidation ahead of US Fed tapering, an RBI hike in February and higher energy costs," Morgan Stanley equity strategists, led by Daniel Blake and Jonathan Garner, said in a note on Asia Pacific markets. The brokerage has upgraded Indonesia to OW, while maintaining an EW stance on China and UW on Taiwan.
Foreign investment in bonds issued by Indian corporates touched a 10-year high in May at 20,996 crore, driven by $3.35 billion fundraise by the Shapoorji Pallonji (SP) group, which saw infusion from Deutsche Bank, BlackRock, Morgan Stanley, Davidson Kempner, and Cerberus Capital, among others. The SP group sold three-year bonds, offering 19.75 per cent yield compounded annually and payable at maturity.
The bull run in the Indian equity markets is intact, said analysts at Morgan Stanley in a recent note. They expect the S&P BSE Sensex to hit 80,000 levels by December 2023 in their bull-case scenario, to which they have assigned a 30 per cent probability. From the current level, this translates into an upside of nearly 29 per cent.
Former India opener Gautam Gambhir feels one shouldn't compare Chennai Super Kings captain Mahendra Singh Dhoni and Kolkata Knight Riders skipper Eoin Morgan despite the two players having a similar record with the bat in the ongoing 14th edition of the Indian Premier League.
India are yet to win a Test in Birmingham in nearly six decades -- boasting of a dismal record of seven losses and one draw in eight attempts.
JP Morgan has downgraded the Indian information technology sector to 'underweight' as it believes the heydays of the sector are over. Rising margin headwinds in the near-term and the revenue headwinds in the medium-term from a potential macro slowdown, Ankur Rudra and Bhavik Mehta of JP Morgan said in the report, will mean that the sector's earnings upgrade cycle is behind. "We see peak revenue growth behind us and earnings before interest and taxes (EBIT) margins trending down from inflation, mean revision.
Morgan (68) found runs all over the ground and seemed in a hurry from the get go as the net run rate would have been on his mind.
Afghan, who retired from all formats on Sunday after the match against Namibia in the ongoing T20 World Cup, had captained Afghanistan to 42 wins out of 52 games.
'I am not sure about another two (tournaments). Obviously, results determine how well you do and how often you are kept on. But certainly, my hunger and determination are as strong as ever.'
The 35-year-old's recent batting woes have also raised concerns over his form ahead of the World Cup, where he will lead England, who face defending champions West Indies in their opening match on October 23 in Dubai.
Indian stock markets have experienced some ups and downs in the first half of 2025. However, both the Nifty 50 and Sensex saw steady gains, supported by a healthy economy and better corporate earnings. In this article, we will look at the detailed performance of these key indices and explore the sectors that drove the market rally.
Morgan Stanley has upgraded China's equities amidst optimism about the country relaxing restrictions to slow down the spread of Covid-19. "Multiple positive developments alongside a clear path set towards reopening warrant an upgrade and index target increases for China," the brokerage said in a note. MSCI China's return on equity (ROE) is likely to rise from 9.4 per cent to 11.1 per cent by the end-2023.
The Aussies will spend the quarantine in the Maldives before heading home.
Morgan and white-ball vice-captain Jos Buttler were accused of mocking the Indian use of English language
Ravindra Jadeja and Mahendra Singh Dhoni infused life in the match. However, with Dhoni run out during the final moments of the match, India fell short of the target and was bundled out for 221 in 49.3 overs.
Neo banks, along with mid-sized banks, are establishing global capability centres (GCCs) in India, mirroring the expansion strategies of larger global counterparts. This trend is being seen as the next major wave in the country's banking, financial services, and insurance (BFSI) sector.
England skipper Eoin Morgan and Sam Billings are doubtful for Friday's second ODI against India in Pune after sustaining injuries in the series-opener, dealing a fresh blow to the side's floundering campaign.
Israel's aerial assault on Iran is widely viewed as an act of naked aggression with no basis in international law, carried out unilaterally despite US opposition and aimed at derailing ongoing US-Iran nuclear negotiations, observes Ambassador M K Bhadrakumar.
Lewis-Skelly gets England call-up; Recalls Rashford, Henderson return.
Images from Friday's Premier League matches between Chelsea and Manchester United, Aston Villa and Tottenham Hotspur.
A homophobic tweet dating back to 2010 from Jimmy Anderson has also emerged.
England captain Eoin Morgan has kept the lid on who will move up to partner opener Jos Buttler and dismissed suggestions his side would be "strong favourites" against New Zealand in the semi-final of the Twenty20 World Cup on Wednesday.
He was referring to his Twitter posts after that game in which he asked Morgan and Tim Southee to not use "derogatory" words and lecture him on 'Spirit of Cricket' by taking a moral high ground.
The WCC will meet on Monday and Tuesday at Lord's ahead of the second Ashes Test between England and Australia, with various outputs from the meeting to be communicated after the conclusion of the match.
Newcastle United registered a 2-0 home win over Chelsea on Sunday that moves the Magpies a step closer to Champions League football next season.
Billionaire Mukesh Ambani's Reliance Industries Ltd has spent $13 billion on acquisitions in the past five years across new energy, telecom, retail and media business to script a pivot away from core oil and petrochemicals business to clean energy and consumer facing verticals. Last week, Reliance bought oncology platform Karkinos Healthcare for Rs 375 crore, adding another stack to its diagnostic and digital healthcare ecosystem, Morgan Stanley said in a report.
The West Indies Masters secured a thrilling eight-run victory over England Masters in the International Master League, thanks to an all-round team effort. After a strong start from Chris Gayle and Dwayne Smith, England's spinners, led by Chris Schofield and Monty Panesar, turned the tide. However, late contributions from Deonarine and Ashley Nurse helped West Indies reach a respectable total of 179/6. England's chase faltered early, but a late partnership between Schofield and Chris Tremlett gave them hope. Ultimately, the West Indian bowlers held their nerve, securing a crucial win.
Eoin Morgan has said that Dinesh Karthik is a vital cog in the franchise's set up
India is likely to be the fastest-growing Asian economy in 2022-23, according to analysts at Morgan Stanley. They expect India's gross domestic product growth to average 7 per cent during this period - the strongest among the largest economies - and contributing 28 per cent and 22 per cent to Asian and global growth, respectively. The Indian economy, they said, is set for its best run in over a decade as pent-up demand is unleashed.
Nottingham Forest reached the FA Cup quarter-finals as they beat fellow Premier League club Ipswich Town on penalties after the City Ground clash ended 1-1 after extra time on Monday.
Aston Villa striker Marcus Rashford scored twice in a 3-0 defeat of second-tier Preston North End in their FA Cup quarter-final at Deepdale on Sunday to earn a Wembley semi-final against fellow Premier League team Crystal Palace.
England limited-overs skipper Eoin Morgan hailed rising India batsman Shubman Gill after the young opener's unbeaten 70 helped Kolkata Knight Riders beat Sunrisers Hyderabad on Saturday for their first win of the Indian Premier League season.
Manchester City and Chelsea both secured their Champions League places with victories on the final day of the English Premier League season and Newcastle United joined them despite stumbling to a last-day defeat.
Call centres, once the engine room of India's BPO exports, are evolving too. Depending on the complexity, 30 to 50 per cent of voice and chat volumes are now handled by conversational AI.
Vaughan has backed Jos Buttler to become the team's white-ball skipper
An angry Ravichandran Ashwin on Thursday asked Eoin Morgan and Tim Southee to not use 'derogatory' words and lecture him on 'Spirit of Cricket' by taking a moral high ground after their on-field bust-up over an extra run during an IPL game.
Crude oil prices could dip to the low $60s by the end of 2025 after rising to $80 a barrel in the last quarter (October-December) of 2024 - up nearly 10 per cent from current levels, suggest analysts at JP Morgan. The main players in West Asia, including Saudi Arabia and the UAE, have a strong incentive to keep the conflict contained, according to the JP Morgan report.
"Unfortunately, my family and I closed out 2020 learning that we had contracted Covid while in California over the holidays," Morgan said
