AI earnings shield US stocks, but bond risks rise: Jefferies' Wood
- US equities have remained strong, supported by earnings growth from the AI capital expenditure cycle
- Rising bond yields and geopolitical risks are increasing risks
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Topic
Bond yields▼ −20% net tone today
10-yr G-Sec (price) −0.16% vs Nifty −0.88% on Thu, 1 Oct- Spiking bond yields may test US stocks’ typical fourth-quarter strength alongside midterms and earnings
- Wall Street futures gained as yields and oil prices eased ahead of the jobs report
- High government debt and rising oil prices are adding fuel to the global bond-market selloff
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Nifty earnings lag GDP growth and weighing on equities, shows data
- Nifty and Sensex ended September lower despite GDP growth of 7.8 per cent
- Rising US Treasury yields and lagging earnings weighed on equities
- Weak earnings pressure Indian equities, while rising US yields can weigh on rate-sensitive stocks
US Stock Market Today: Nasdaq Jumps 1%, Dow Up 300 Points As Yields Retreat After Weak Jobs Data
- Nasdaq Composite advanced 1.24%
- S&P 500 surged 0.82%, while the Dow Jones Industrial Average rose 0.61%
US yields rise, reversing initial reaction to weak jobs report
- US yields rose, reversing their initial reaction to the weak jobs report
GP Petroleums to raise ₹130 crore from RevX fund to finance expansion
- GP Petroleums will raise ₹130 crore from RevX fund to finance expansion
- The board-approved funding includes ₹30 crore in 36-month NCDs and ₹100 crore in optionally convertible debentures
- Expansion funding and potential dilution affect GP Petroleums shareholders
Treasuries are losing their moneyness
- The report argues US Treasuries may be losing their long-standing role as both securities and money
SBI leads demand, snaps up 40% of Reliance Industries’ ₹13,000 crore bond issue
- SBI bought nearly ₹5,000 crore, or about 40%, of Reliance Industries’ ₹13,000 crore bond issue
- SBI’s large subscription signals demand for Reliance Industries debt and affects PSU bank exposure
Nabard subsidiary Nabkisan lists India’s first WASH social bond; raises ₹180 crore
- Nabkisan raised ₹180 crore through India’s first WASH social bond
- The issue was oversubscribed 1.8 times
- The issue may broaden funding options for Indian rural finance and water, sanitation and hygiene projects
Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices
- Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation
- Rising yields and oil pressure Indian equities, with exposure across rate- and fuel-sensitive sectors