Business
HSBC Upgrades Indian Equities To Overweight From Neutral
New Delhi: Indian equities now look attractive on a regional basis, said HSBC Global Investment Research on Wednesday, upgrading the domestic market to overweight from neutral.
It said that US tariffs will have little impact on the profits of most listed companies.
Although foreign funds have withdrawn significant amounts from India in the last 12 months, a period in which the market has seriously underperformed, local investors have remained resilient, according to the report.
“While earnings growth expectations can fall a little further, valuations are no longer a concern, as the government policy is becoming a positive factor for equities, and most foreign funds are lightly positioned,” the global investment research firm said.
Foreign investors remained net sellers in Asia this year, which is typically unfavourable for regional stock markets.
Yet the market is up by an average of 20 per cent due to cash inflow from local retail investors. However, after a strong run in Chinese equities, especially in Hong Kong, further momentum is uncertain.
“Valuations are elevated, but not excessive. However, with retail investors sitting on $22 trillion in cash, some of which is gradually being re-allocated to stocks, we expect Chinese equities to grind slowly higher,” HSBC stated.
In Japan, Korea, and Taiwan, investors are interested in playing AI through these markets, especially in Korea and Taiwan, which are now very crowded trades.
Valuations have run up and in Japan, the weaker Yen has also supported equities.
Corporate governance is a positive long-term theme in Japan and Korea, but it won’t carry markets on its own. After the recent run-up in equities, we downgraded Korea to underweight in mid-August.
“Meanwhile, ASEAN’s investor confidence is low. Politics dominates the headlines in Thailand and Indonesia; for the latter, fiscal prudence is on the radar screen after a cabinet reshuffle,” the investment research firm said.
Business
Trade ties: India, Australia review CECA talks; reaffirm push for early deal to boost economic partnership – The Times of India
India and Australia have reaffirmed their commitment to conclude the second phase of their Comprehensive Economic Cooperation Agreement (CECA) at the earliest, as Commerce and Industry Minister Piyush Goyal held talks with his Australian counterpart Don Farrell to review the progress of negotiations, PTI reported.According to an official statement, both sides agreed to work “constructively towards the early conclusion of a balanced and mutually beneficial CECA.”The meeting reviewed the progress made under ongoing negotiations and discussed ways to further strengthen bilateral trade and investment linkages. The ministers also explored avenues to expand cooperation across goods, services, and emerging sectors.The first phase of the trade pact — the Economic Cooperation and Trade Agreement (ECTA) — came into effect in December 2022, marking a key milestone in the two countries’ economic engagement.India’s bilateral merchandise trade with Australia stood at $24.1 billion in 2024–25, with exports growing 14% in 2023–24 and a further 8% in 2024–25, the statement said.Both sides expressed confidence that the early conclusion of CECA would unlock new opportunities for businesses and contribute to deeper strategic and economic ties between the two Indo-Pacific partners.
The National Electric Power Regulatory Authority (NEPRA) on Saturday issued a notification for 48 paisa per unit cut in electricity prices under the fuel price adjustment for September for consumers across the country, including Karachi, except those who are lifeline.
According to the notification, consumers will get a relief in their bills in November.
The Central Power Purchasing Agency (CPPA) had requested for reducing the electricity prices by 37 paisa per unit.
Business
BSE Places RRP Semiconductors, 8 Others In Weekly Trading Basket With Surveillance Measures
New Delhi: Bombay Stock Exchange (BSE) has imposed a new weekly trading surveillance measure on nine stocks, including RRP Semiconductors, to address excessive volatility following unusual price movements in the stocks.
The exchange announced that starting November 10, 2025, new measures will apply to companies exclusively listed on BSE under specific groups, that trade above Rs 100, have a 2 per cent price band, and possess a price/earnings (PE) ratio greater than 500 or negative, and that have reached the upper price band for two consecutive weeks.
“In continuation of our endeavour to maintain market integrity and curb excessive price movement in securities listed exclusively on the BSE trading platform, a need has been felt to further strengthen the extant surveillance measures,” the exchange said in a statement.
BSE included nine stocks in this measure including, Citizen Infoline, Colab Platforms, Dugar Housing Developments, EMA India, Mardia Samyoung Capillary Tubes Company, Omansh Enterprises, Oswal Overseas, RRP Defense and RRP Semiconductor.
Securities placed under this measure can only trade once a week, either on Monday or the first trading day of the week, within a 1 per cent price band. BSE announced that identification of stocks will occur weekly on Fridays or the last trading day of the week, with quarterly reviews for exiting the framework and with a minimum one-month retention.
BSE also said that the new framework will be in addition to all other prevailing surveillance measures being imposed by the exchanges from time to time. The exchange also clarified that “the shortlisting of securities under this framework is purely on account of market surveillance, and should not be construed as an adverse action against the concerned company.”
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Trade ties: India, Australia review CECA talks; reaffirm push for early deal to boost economic partnership – The Times of India
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