Indian government bonds hit a pause on Monday following a technical setback that disrupted cash withdrawal capabilities. To counteract a liquidity overflow that surged to a historic 10.73 trillion rupees last Friday, the central bank declared an overnight auction. Traders are now on edge, fearing that tighter measures may be imposed to handle the liquidity, especially with increasing oil prices and rate speculation keeping market sentiment tepid.
Morgan Stanley sees India entering a multi-quarter growth upcycle, supported by improving investments, monetary policy and domestic demand. The brokerage expects the Sensex to reach 89,000 by June 2027 in its base case, while assigning 25% probabilities to a bull-case target of 100,000 and a bear-case target of 66,000.
Japan’s government bond yields rose on Monday as investors turned cautious ahead of the five-year JGB auction and reassessed expectations for further Bank of Japan rate hikes. Super-long yields rebounded after last week’s sharp decline, while markets continued to price in a 25-basis-point BOJ rate hike next week and another increase by January.
Oracle's upcoming earnings will put its AI cloud growth, massive $638 billion backlog and funding requirements under the spotlight. Investors will track the pace of revenue conversion, capital spending, free cash flow and developments around its reported $300 billion OpenAI cloud deal, alongside the potential $20 billion equity raise.
Motilal Oswal initiated coverage on V2 Retail with a Buy rating and a ₹275 target, implying around 27% upside. The brokerage is bullish on the retailer’s tier-II/III focus, strong store economics, high private-label mix and disciplined inventory management, which it believes offer significant room for growth.
Sebi’s revised ETF trading rules have come into effect from September 7, changing how price bands and reference prices are determined. The new framework introduces dynamic price bands based on underlying assets and a pre-open auction for gold and silver ETFs, aiming to improve price discovery and reduce premiums or discounts to NAV.
Bond yields have climbed from Tokyo and Sydney to London and New York, raising concerns over government financing costs, corporate borrowing and stretched equity valuations
South Korea’s National Pension Service has suspended foreign exchange hedging as the won strengthened to a near two-year high against the dollar. The move could affect dollar supply and demand in the domestic market, with the pension fund’s large overseas holdings making its currency transactions significant for South Korea’s foreign exchange market.
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