Page 4 - Nomura

Investment bank Nomura loses 20 bankers in Asia after bonus payout in May

Global banks are battling to keep junior investment bankers in Asia where financial technology firm and investment companies can offer a route to faster promotion and the prospects for higher earnings

Market is factoring in a 26% earnings CAGR over FY21-23: Nomura

Besides strong corporate earnings, the current rally in the equity markets is also supported by benign macros, Nomura said, with a very supportive monetary policy

Nomura ups India's 2022 GDP forecast to 7.7%; sees inflation at 5.3%

GDP, according to their estimates, is likely to contract by 4.3 per cent quarter-on-quarter (q-o-q) in Q2, much smaller than during the first wave (-24.7 per cent)

Nomura remains overweight on India; Infosys, RIL, ICICI Bank among top bets

Going ahead, Nomura said, markets will focus more on corporate earnings rather than the broad economic growth in India

SBI rallies 9% in 2 days post Q4 results; brokerages bullish on stock

Total slippages and restructuring for FY21 were at Rs 46,416 crore, within the guidance of Rs 60,000 crore

SBI report pegs total Covid vaccination cost in India at Rs 3.7 trillion

Poorer states with high population would not be able to vaccinate themselves quickly. Richer states may have to pay a much steeper price given the global oligopolistic market, the report said

UBS, Nomura Holdings fined $452 million as EU cracks down on bond cartel

UBS says impact could be $100 mn on quarter; may appeal

Nomura cuts FY22 GDP growth estimate to 10.8% due to Covid lockdowns

Japanese brokerage Nomura cut its GDP growth estimate for the current 2021-22 fiscal to 10.8 per cent from the earlier 12.6 per cent, blaming the impact of the second wave-induced lockdowns

IHS Markit sees India's FY22 GDP growth at 9.6% amid rising Covid cases

Those at Nomura, too, expect the pain in the economy to grow given the recent measures to curb the pandemic. However, they believe that the overall impact will be muted and be for the short-term

China's economic divide between rich south and lagging north set to widen

Regional gap may worsen as China looks to reduce carbon emissions and impose financial discipline on local governments, Nomura says.

UBS, Nomura push global banks' Archegos losses beyond $10 billion

UBS shares fell 3.0% in morning trade.

The mounting cost of Covid-19

The rapid increase in the number of new Covid-19 cases and restrictions on activity are affecting economic recovery

Foreign brokerages temper return expectation from Indian equities

Goldman Sachs analysts now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their 'overweight' stance on India for now

FII flow into Indian equities likely to moderate in FY22: Analysts

Besides India, experts say given the robust broad-based economic recovery, FIIs/FPIs can look towards China. Other emerging markets, they say, are yet to recover from the pandemic-induced sluggishness

Nomura cuts India's 2021 GDP forecast to 11.5%; sees higher inflation

Nomura GDP forcast: Repricing of emerging market (EM) risk premium, Nomura said, could expose vulnerabilities in Indonesia, India and the Philippines

Will TCS maintain lead over IT peers? Here's what to expect from its Q4 nos

TCS Q4 Preview: Analysts expect TCS to report a 9 per cent year-on-year (YoY) growth in revenue (in rupee terms) for the March quarter

Nomura sees Nifty at 15,340 by March'22; sees risks to FII flows in FY22

Markets, Nomura believes, are dealing with three headwinds - the resurgence of Covid-19 cases; inflationary pressure with the rise in commodity prices; and rich valuations

Economic recovery on rough patch, second Covid-19 wave may dampen prospects

Gaps in recovery have been surfacing after the resurgence in new cases due to Covid-19 second wave, but the moderation in the pick-up seems to have begun well before.

Chris Wood trims India exposure as Covid cases rise

Earlier in December 2020, he raised exposure to Indian equities twice in this and reiterated his bullish on cyclical sectors as economic indicators showed improvement

Japan gathering information on Nomura, MUFG losses linked to US client

Japan is looking into the financial losses incurred by MUFG and Nomura through deals related to an unnamed US client, and will gather and share information on the matter with the Bank of Japan