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The Latest Breaking News from HSBC

Nifty price-to-book valuation hits pre-Covid level. Why the index is still not cheap

Nifty's price-to-book ratio has dipped below three for the first time in years, highlighting a significant shift. Despite this, earnings remain at high valuations, suggesting minimal potential for multiple expansions. Future advancement in the market will depend more on profit enhancements instead of valuation adjustments. India's economic outlook looks promising,…

The Economic Times

Has Dalal Street's near term outlook improved? HSBC lists 4 headwinds, 3 tailwinds to watch out for

HSBC Mutual Fund remains constructive on Indian equities, citing improving earnings, private capex, policy support and potential trade deals. However, elevated commodity prices, weak global growth, a below-normal monsoon and slower government capex remain key risks for markets.

The Economic Times

India stages a comeback as AI trade gets crowded: What fund flows reveal

As global investors crowd into AI-linked markets in South Korea and Taiwan, India is re-emerging as an anti-AI portfolio diversifier. Moderating long-only fund redemptions, $3.6 billion in recent foreign inflows, strong domestic SIP contributions, and potential $25 billion reallocation from underweight EM funds are supporting Indian equities' relative resilience.

The Economic Times

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Trent shares slide 3% after Q1. What Morgan Stanley, four other brokerages recommend

Trent shares fell 3% after the Tata Group retailer reported a 21% year-on-year rise in Q1 consolidated net profit to Rs 519 crore. Revenue from operations grew 18% to Rs 5,755 crore. On a sequential basis, net profit increased 25% and revenue rose 14%, although the stock came under pressure…

The Economic Times

Mutual funds increase stake in Ather Energy for 5th straight quarter. Bigger rally brewing?

Domestic institutional investors have steadily increased their Ather Energy stake for five quarters. Ather Energy's production facilities operate at full capacity, yet demand continues to outpace supply. The company's upcoming EL platform aims to expand its market and reduce costs significantly. New production capacity is expected to remove bottlenecks and…

The Economic Times

Global Market: Prudential shares tumble as China offshore insurance tax report rattles investors

Shares of Prudential plunged after reports that Chinese tax authorities had begun collecting personal income tax on returns from offshore insurance policies, stoking concerns over tighter regulatory oversight of cross-border investments. The development also weighed on other Hong Kong-focused financial stocks amid fears of weaker demand from mainland Chinese customers.

The Economic Times

Cummins India shares fall over 4% as Q1 net profit dips 8% to Rs 543 crore. Buy, sell or hold?

Cummins India experienced a decline in shares following an eight percent dip in profits for the June quarter. In contrast, revenues surged with an impressive eighteen percent increase compared to last year. With managing director Shveta Arya set to depart by the end of August, analysts express varied opinions, highlighting…

The Economic Times

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Strong miners offset weak Asia-focused financials

Next gained 5.7% as it raised profit guidance once again.

Evening Standard

HSBC picks ICICI Bank, Titan, 8 other stocks to ride a potential $25 billion FII inflow as AI trade volatility looms

HSBC expects India to attract up to $25 billion in foreign equity inflows if global investors rebalance portfolios away from volatile AI-driven markets. The brokerage has identified 10 preferred stocks, including ICICI Bank, Titan, M&M and Adani Ports, citing strong earnings visibility, domestic demand and structural growth drivers.

The Economic Times

Bank battle: history suggests Burnham faces fight if he opts for windfall tax

As lenders’ profits soar, calls grow for a levy to help new PM ease cost of living pressures on households

The Guardian - UK

$25 billion FII comeback? HSBC explains why foreign money may return to India

HSBC says India could attract up to $25 billion in foreign equity inflows if underweight global emerging-market funds restore allocations to neutral. Improving earnings, resilient domestic demand and lower relative volatility strengthen the case, with the brokerage favouring financials, autos, retail, hospitals and select industrial stocks

The Economic Times

HSBC profit jumps as bank unveils major share buyback plan

British banking giant HSBC said on Tuesday it would buy back up to $1 billion (€0.86bn) of shares after reporting a sharp rise in first-half profit.

Euronews

Calls for bank tax to be increased as HSBC reports £14billion profit

IN FULL

The Independent UK

Calls for UK bank tax to fund cost of living help as HSBC profits hit £7.5bn

Levy could raise £19bn to help pay for Andy Burnham’s support for those struggling with bills, say campaigners

The Guardian - UK

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Evening Standard

HSBC chief says ‘UK growth needs strong banks’ after profits swell by 23%

HSBC has rounded off a bumper reporting season for the UK’s high street banks.

The Economic Times

Ather Energy share price target goes up to Rs 1,714. What are CLSA, Nomura, and HSBC saying?

Ather Energy shares surged up to 18% after the electric two-wheeler maker reported a sharp improvement in its June-quarter performance, prompting global brokerages including Nomura, CLSA, HSBC and Emkay to reiterate bullish views. Analysts cited strong demand, improving margins and capacity expansion, with target prices implying upside of up to…

The Economic Times

Global Market: HSBC H1 profit jumps 23%, beats estimates on strong wealth, interest income

HSBC Holdings reported a stronger-than-expected 23% rise in first-half pretax profit, driven by higher net interest income and robust growth in wealth management. The banking giant also announced a $1 billion share buyback and declared a second interim dividend of $0.10 per share, underscoring its focus on rewarding shareholders.

The Independent UK

HSBC launches $1 billion share buyback after profits surge leads to calls for bigger bank taxes

The bank said the growth was driven by higher net interest income and increased fee income

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Evening Standard

HSBC first-half profits surge by 23% to 19.5 billion dollars

The Economic Times

SBI, HSBC and ICICI lead India's overseas deposit drive, data shows

HSBC, SBI and ICICI Bank emerged as the top beneficiaries of the RBI’s dollar deposit scheme for NRIs, raising $6.14 billion, $4.12 billion and $3.7 billion, respectively. Launched to support the rupee and boost foreign currency inflows, the scheme helped banks attract $36.7 billion. FCNR(B) deposits surged to $60.55 billion…

Bangkok Post

The roadmap for a baht-backed stablecoin

Over the past few years, Thailand has emerged as one of Southeast Asia's most proactive and structured hosts for digital asset regulation. Driven by a high level of retail crypto adoption, a tech-savvy population and strong institutional backing, the focus has shifted towards building a utility-driven digital asset system.

The Economic Times

Sedemac Mechatronics shares can rally to Rs 3,700? Here’s why HSBC initiated coverage on the stock

Key growth factors include products such as MCUs for power tools and light commercial vehicles, the after-exhaust control module (ACM) for medium and heavy commercial vehicles and electronic fuel injection for gensets, as per the brokerage’s view.

The Economic Times

Bajaj Finance shares explode 7%, make investors Rs 46,445 crore richer. Is it still a buy?

Bajaj Finance shares surged over 7% to a record high after the NBFC reported strong June-quarter earnings, led by robust loan growth, improving asset quality and healthy AUM expansion. Most brokerages reiterated bullish views and raised target prices, citing sustained earnings momentum.

The Guardian - AU

HSBC to close all branches and pull out of Australian retail banking market

London-based company to sell local loan portfolio to Blackstone but will continue private and institutional banking services

Barchart

Dear SpaceX Stock Fans, Mark Your Calendars for August 4

SpaceX is all set for its Q2 earnings next week, and investors are about to find out whether the next launch is the stock’s or the bears’.

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