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Bihar: Modi raises Ayodhya issue at poll rally

Polling is being held in 71 constituencies out of a total of 243 in Bihar for the first phase of elections.
The Economic Times
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| 28 October, 2020, 02:22 PM IST | E-Paper
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    SEARCHED FOR:MORGAN STANLEY

    Morgan Stanley sees $2.5 billion inflows in these stocks after MSCI index revision

    “MSCI India's weight in MSCI Emerging Market Index will increase to 8.7 per cent (due to weight increases for current constituents) and 8.8 per cent (due to new additions) from the current level of 8.1 per cent, resulting in passive inflows of $1.93 billion and $0.6 billion, respectively,” said Morgan Stanley.

    Top-performing Morgan Stanley fund bets on India bank winners

    Soured loans are expected to swell to the highest level in more than two decade...

    Top IT stocks get a thumbs up from Morgan Stanley

    The brokerage prefers Infosys, Tech Mahindra and HCL Technologies, which are trading about ...

    • The forecast reflects faster growth in retail and SME segments, increased cross-sell and faster product delivery and better risk-adjusted returns given greater data availability. Morgan Stanley believes that the stronger Indian banks are well placed to manage the increasing competition from the fintechs.

      Most analysts raised the target price on the stock by 3-17 per cent. Kotak Mahindra Bank’s strong numbers lifted the Bank Nifty by 2.8 per cent and the Nifty Private Bank by around 3 per cent. Axis Bank’s shares rose nearly 3 per cent to Rs 507.20 ahead of its quarterly result on Wednesday.

      Antique, CLSA, Edelweiss, Jefferies and Kotak Institutional Equities maintained their buy ratings and raised target prices by 6-22%. Morgan Stanley maintained overweight and HSBC upgraded the stock to hold from reduce while raising its target price on UltraTech by 22%.

      Conlecta Capital Advisors bought 3,98,5000 shares of Industrial Investment Trust at Rs 48.10 per share, while One Earth Capital sold 4,00,000 shares of the company at the same price.

      Ambit, CLSA, Emkay, HDFC Securities, Motilal Oswal and Nomura have maintained a buy rating on the stock while Morgan Stanley has retained overweight rating.

      In the world’s most important debt market, yields are stuck in a range so tight it has few precedents, even after rates reached a four-month high Wednesday on hints that a U.S. coronavirus-relief package could be taking shape.

      ​​Under the new Fed approach, policy makers may tolerate a run-up in consumer prices above their 2 per cent target before tightening policy. For markets, the big takeaway is the prospect of zero rates for five years or even longer.

      “The initial update appears quite strong on growth against the backdrop of a gradual pickup in macro following the Covid-19 outbreak: The bank continues to gain market share, both in loans and deposits,” said Morgan Stanley.

      We will get global economy back to pre-Covid levels of output in fourth quarter of 2020 and we will have developed market (DM) economies getting back pre-Covid levels of output by third quarter of 21, says Chetan Ahya

      “This investment values Reliance Retail at a pre-money equity value of Rs 4.21 lakh crore. This marks the second investment by KKR in a subsidiary of Reliance Industries, following a Rs 11,367 crore investment in Jio Platforms announced earlier this year," Reliance Industries said in a statement.

      Morgan Stanley said this recommendation is for investors looking for ‘deep value’ and ‘mis-priced’ stocks whose valuations have hit new life lows after two challenging years for the sector.

      It needs courage to be an impactful leader, especially when you are going through uncertainties, said Carla Harris, vice-chairman, wealth management at Morgan Stanley, citing an eight-pronged strategy to attain such leadership traits.

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