Asian Markets Trade Lower Tracking Overnight Losses On Wall Street; D-Street To Open In The Red?
Summary
TLDRウォール街で株価が下落し、NASDAQが5月最悪の日を迎え、ダウも1%以上下落しました。アジア太平洋地域の株式市場も低迷し、原油価格はレンジ内で推移。金価格はドル高と利回りの上昇で下落しました。インド準備銀行が規制違反でEdelweissグループの2社に業務制限を課しました。Tata Steelは予想を上回る好調な四半期決算を報告しました。アジア市場の開幕も弱く、日本円は対米ドルで4週間ぶりの安値を記録しました。米国市場では株価が下落し、債券利回りが上昇しました。欧州市場もインフレ懸念で株価が下落しました。
Takeaways
- 📉 米株式市場はダウ平均株価指数が400ポイント以上下落し、3営業日ぶりの損失を記録しました。
- 📈 テクノロジー重視のナスダックは、NVIDIAの急上昇にもかかわらず損失を最小限に抑えられましたが、最も大きな損失は米債務の利回りが上昇し、投資家がFEDの次の金融政策決定に悩んでいるためです。
- 🛢️ オイル価格はOPECプラスの日曜日の会議を前に、1バレルあたり83ドル前後で推移しています。
- 💲 米ドルが高騰し、金利が上昇したため、ゴールド価格は下落しています。
- 🏦 インディアナ銀行は、監査上の懸念と規則違反を理由に、2つのe-wiseグループの企業に一時的なビジネス制限を課しました。
- 📊 データ鋼の4四半期のEBITDAは予想よりも高く、ヨーロッパ事業の損失は過去6四半期で最も低くなりました。
- 🏥 アポロ病院が4四半期の数値を報告すると予想されており、重要な収益を追跡する必要があります。
- 📉 アジア市場は全体的に低く開盤し、特に日本と韓国の指数は2%近く下落しています。
- 🌐 ヨーロッパの株式市場も金利への懸念とインフレーションの懸念から下落し、全分野が損失を記録しました。
- 🌡️ インド北部の州では厳しい熱波が続き、最高気温が50°以上に達し、死者が出ています。
Q & A
ナスダックが5月に見た最悪の日とは何を意味しますか?
-ナスダックが5月に最悪の日を経験したということは、その日がその月で最も大幅な下落を記録した日であることを意味します。これは通常、市場全体の動向を示す重要なインジケーターです。
アジア太平洋地域の市場がどのように開場しましたか?
-アジア太平洋地域の市場は、ウォール・ストリートからの弱い手引きに続いて低下して開場しました。特に日本と韓国の指数は約2%下落し、台湾の指数も同様に低下しています。
OPECプラスの会議が何日に開催されますか?
-OPECプラスの会議は日曜日に開催されます。これは原油価格に影響を与える重要なイベントです。
インド储备銀行が2つのe-wiseグループのエンティティにどのような規制を課しましたか?
-インド储备銀行は、監査上の懸念と規則違反に基づいて、e-wiseグループの2つのエンティティに一時的なビジネス制限を課しました。これらの規制は、efinanceとE wise Arcに適用され、企業が是正措置を講じるまで続行されます。
Tata Steelの第四四半期の業績はどのようでしたか?
-Tata Steelは予想よりも良い第四四半期の業績を発表しました。収益は予想を上回り、欧州事業の損失も大幅に減少しました。
Apollo病院はいつ第四四半期の数値を報告する予定ですか?
-Apollo病院はその日の朝に第四四半期の数値を報告する予定です。
ナスダックはなぜ損失を減らしましたか?
-ナスダックは、NVIDIAの急上昇のおかげで損失を減らしました。これはテクノロジー重視の市場において重要なプラスの動きです。
ヨーロッパの株式市場はどのように動いたかを教えてください。
-ヨーロッパの株式市場もレートの不安とインフレーションの懸念により、投資家のセンチメントが低下しました。フランスのCACとドイツのDaxは1%以上下落し、英国の富時100指数も70ポイント以上の損失を記録しました。
ナスダックにおいてどの企業が最も大きな損失を记录しましたか?
-健康保険会社であるUnited Healthが3%以上下落し、ダウ・ジョーンズ指数を主導しました。
GDPデータを発表する日に何が予想されますか?
-政府は明日にGDPデータを発表する予定であり、大多数のブローカーは成長率が政府の7.6%の予想に合うと予想しています。
Outlines
📉 株価の動向と経済指標
株式市場はナスダックが5月で最も悪い日を迎え、ダウ・ジョーンズも1%以上下落しました。アジア太平洋地域の市場も华尔街の弱い影響を受けて低開出しました。ブレント原油はOPECプラスの会議の前で価格が動揺します。黄金価格はドルの強化と利回りの上昇に影響されます。インド中央銀行はE・ワイズグループの2つの企業に対して臨時のビジネス制限を課し、規則違反に基づく監督上の懸念を示しました。重要な企業の四半期の利益も報告されています。
🏛 ヨーロッパ市場の動向と経済予測
ヨーロッパ市場も株価の下落と利回りの懸念に苦しんでおり、フランスのCACとドイツのDAXは1%以上下落しています。英国の富時100指数も70ポイント以上損失を被りました。ドイツの10年債利回りは6か月ぶりの高水準に達し、ドイツのインフレーション率が2.8%と予想よりも高くなっています。一方、インド市場ではNiftyが4日連続で損失を記録していますが、市場は選挙結果に注目しています。
📊 企業業績と市場の動き
Tata Steel、Bata、GMR Airportsなどの企業は四半期の業績を発表し、その結果は予想を上回るところがあります。一方、Edelwise FinanceとEdelwise ARCはインド中央銀行による規制違反の懸念から業務制限を受けています。市場では株式のブロック取引にも注目が集まります。
🌡️ 熱波と天候予報
インド北部の州々で記録的な高温が続き、拉ジャスターンとハラヤナでは50°以上に達しました。デリーでは52.3°の最高気温を記録しました。熱中症による死者も出ています。気象庁は厳しい熱波に対するオレンジアラートを出していますが、デリーでは金曜日と土曜日に軽い雨が降る可能性があると報告しています。
📈 インド経済の成長予測
インドのGDPデータが発表されるにあたり、多くの分析が行われています。多くの証券会社はインド経済が7.6%の成長率を達成すると予想していますが、その数字は多岐にわたります。経済アドバイザーは、政治的要因や季風の進行状況に基づいて、今後も6.5%から7%の安定した成長を続けると予想しています。
Mindmap
Keywords
💡ナスダック
💡アジア太平洋市場
💡原油価格
💡黄金価格
💡リザーブバンク・オブ・インディア
💡企業収益
💡GDPデータ
💡熱波
💡BHPグループ
💡株式市場
Highlights
NASDAQ experiences its worst day in May with stocks slumping on Wall Street.
Treasury yields spike to 4.6%, the highest in nearly a month.
Asia Pacific stocks open lower, influenced by Wall Street's weak cues.
Oil prices hover around $83 a barrel, with the OPEC plus meet anticipated on Sunday.
Gold prices decline as the dollar strengthens and yields rise.
Reserve Bank of India imposes restrictions on two Edelweiss Group entities due to supervisory concerns.
Tata Steel reports a good Q4 with earnings higher than expected.
Apollo Hospitals to report its Q4 numbers amidst other key earnings.
Dow Jones falls over 400 points, led by United Health's more than 3% slide.
US Treasury yields reach 4.63%, impacting investor behavior.
ConocoPhillips agrees to buy Marathon Oil in a $17 billion all-stock deal.
The only copy of Wu-Tang Clan's album 'Once Upon a Time in Shaolin' to be displayed in Australia.
Former Federal Reserve Governor Daniel Tolo shares insights on potential rate cuts or hikes.
European equities slide over 1% as rate jitters and inflation concerns affect investor sentiment.
German bond yields hit a six-month high with inflation rising to 2.8% in May.
Earnings reactions expected from Tata Steel, Bata India, and others.
RBI's supervisory action against Edelweiss Finance and Edelweiss ARC for regulatory non-compliance.
Tata Steel's Q4 results show India business slightly better, but Europe business significantly improved.
GDP data for Q4 to be released, with mixed expectations from various brokerages.
Severe heatwave in North Indian states with temperatures exceeding 50° C.
Transcripts
[Music]
stocks lump on Wall Street with the
NASDAQ seeing its worst day in May while
the Dow Zone slips over a percent as
treasury yields Spike to 4.6% the
highest level in nearly a
month stocks in the Asia Pacific open
lower on weak cues from Wall Street the
gift Nifty is also suggesting a lower
start for the Indian markets
Bren crew trades around $83 a barrel as
prices remain range-bound ahead of the
OPEC plus meet on Sunday gold prices
slip as the dollar strengthens and
yields
rise The Reserve Bank of India has impos
temporary business restrictions on two e
wise group entities citing material
supervisory concerns and breach of
regulations it says that the curbs on
the e finance and E wise Arc will be
lifted once the firms take remedial
action
and data steel reports a good fourth
quarter AIT per tan is higher than
expected while losses in the European
business is the lowest in six quarters
in key earnings to track today Apollo
hospitals will be reporting its fourth
quarter numbers
today Thursday morning it's the monthly
expiry as well for the Nifty and we are
back with another new edition of power
breakfast on CNBC tv18 in the Mumbai
News Center I am hormes fatakia let's
first take a look at how the Asian
markets have opened this morning and
it's not looking a very good screen on
the Asia Pacific because all the indices
have opened lower with Sharp Cuts the
hangang though is trading flat after
being an underperformer all through last
week and most of this week as well it's
bucking the trend a little absolutely
flat is the hangsang but the other
indices the Japanese indices are down
almost 2% the Korean indices are also
down by a percent as well the Taiwanese
index as you can see on the screen is
trading with losses of 610 of a percent
the nikai has fallen to the lowest level
in a month as we speak so it's leading
the losses in Asia and currency cues
also from Japan are weak because the
Japanese Yen has hit a 4-we low against
the US dollar pull up the gift Nifty as
well and that is also indicating another
lower start the gap down start for our
own markets as well a 93 Point implied
open on a downside for our own markets
so negative cues coming in from Asia the
gift Nifty is also suggesting a weak
start for our own markets and that is
because the Handover from Wall Street
was extremely weak because all three
Benchmark indices ended lower weighed
down by the R in treasury yields and
concerns around the fed's next monetary
policy decision the Dow Jones fell more
than 400 points led by insurance
provider United Health which slid more
than 3% the S&P 500 marked its first
loss in three consecutive sessions while
the tech heavy NASDAQ minimized losses
from nvidia's rally the US Treasury
yields extended its gains from Tuesday
rising to
4.63% which is the highest level in a
month cnbc's Bera kums gets us a wrap of
all the action on Wall
Street stocks were down down across the
major averages on Wednesday as bond
yields Rose and investors try to deal
with a Fed that doesn't appear to be in
any rush to cut interest rates the Dow
down 411 points the S&P 500 fell 39
while the tech heavy NASDAQ was off just
shy of a 100 points kico Phillips agreed
today to buy Marathon Oil in an all
stock deal worth $17 billion the deal
will add two billion barrels of
resources to kico Phillips inventory in
the US it's the latest in a wave of oil
industry mer mergers including chevron's
planned acquisition of hes and exxon's
takeover of Pioneer Natural Resources
and starting next month well if you're a
wuen clan fan you might want to head to
Australia the only copy of the group's
album Once Upon a Time in Shaolin will
go on display at an Australian Art
Gallery where for 10 today's lucky
visitors will be able to hear a curated
30 minute sample of the album it's on
loan from digital art collector
Collective pleaser which purchased it
for after the US government seized the
album from disgraced former drug firm
executive Martin schelly who infamously
purchased it for $2
million that's what's happening here in
the US back over to you in
Mumbai on to some important opinion
coming in now former Federal Reserve
Governor Daniel Tolo gives his opinion
on the possibility of a rate cut or even
a rate hike and how the fomc plans to
move ahead during this tricky election
season more sensitivity to this issue
outside the fomc than there is within
the fomc um I mean I think from the
fomc's point of view they've been
talking for some time now about the
conditions under which they may lower
rates and if those conditions are met if
for example Governor Waller's uh
preconditions of several more months of
good inflation data uh showing that
inflation is moving back to Target on
sustainable basis if those are met uh
then I think the fomc would be inclined
to go ahead with what it otherwise
normally would do um secondly if there
were to be some sort of as at this point
unanticipated shock to the economy or
unanticipated significant negative
developments in the labor market I don't
think the OMC would hesitate to lower
rates we think that's a possibility
again it's going to depend on the data
if we find that the economy can
withstand a higher level of rates and if
the inflation data Maybe continue to
surprise on the upside then I think they
could do nothing and that could be okay
my best guess though is that as
inflation comes down again and the labor
market continues to look more in balance
that they will say in order to rebalance
the risks it's better to cut a couple of
times from the US we mve to Europe now
and it was another week day for European
equities as well as rate Jitters and
inflation concerns weighed on investor
sentiment both the French CAC and the
German Dax slipped over a percent while
the British footsy also ended with
losses of over 70 points the pan
European stock 600 index closed a
percent lower as well touching a 3-we
low and clocking its best biggest single
day fall since the 16th of April all
sectors clock losses but basic resources
and utilities were the worst hit
Europe's Benchmark bond yield the German
tenure hit a six-month high after
inflation in Germany Rose to 2.8% in May
which was slightly higher than the
expected 2.7% and a 2.4% reading in
April as well that's all the global
market action that we have for you but
how will all of these cues impact our
own markets we have our research team
joining in with how the trade setup
looks like the stocks that are likely to
be in the news and the fno setup for
expiry day as well that first take you
through what the cues you need to watch
out for this morning and it's been 4
days of losses now for the Nifty but
what may not please the Bulls is the
fact that the Nifty has been closing at
or near the lowest point of the day as
you can see yesterday as well it closed
almost at the day's low and it's making
lower lows on the charts as you can see
on this graphic there the intraday low
of yesterday was lower compared to
Tuesday and so on there was some support
coming in from the Nifty bank at least
for the first two days of the week but
that is also now facing some selling
pressure and now it's almost the Nifty
bank is down 1200 points from Monday's
high which is 49688 so pressure coming
in from the Nifty Bank as well if you
pull up the contributors as well you'll
get to see almost all index heavy
weights contributing there to the
downside ICICI HDFC Reliance AIS so
banks are leading the index lower the
India weeks did not move much yesterday
but it continues to remain at higher
levels of 24 ahead of the big event that
is the exit polls on Saturday and the
election results next Tuesday as well
now for the series there was almost a
gain of around 500 points for the Nifty
but the last four days has made the
gains cut come down to almost 130 points
now remember we have had three
back-to-back positive serieses for the
Nifty it's still up 130 points for the
series but down 400 points now from the
peak but there are some sectors that did
well yesterday defense is one of them
and Masa dog coachen Shipyard all of
both of them did very well in
yesterday's session bucking the trend in
an otherwise weak Market some earnings
reactions today Tata steel Bata cins
India all of them will react to earnings
the last few earnings coming in today as
well from Apollo hospitals mut the Wall
Street Handover was weak it's a day of
block deals today and the gift Nifty is
indicating another gap down start as we
highlighted earlier in the show but over
to sashan now who would list out the
stocks that you need to watch out for in
today's trading session Saran good
morning good morning hmas so it's spend
ultimate day of earnings so let me start
with companies which have reported
earnings after market hours yesterday
starting with tataa steel earnings were
better than estimates Revenue beats
estimates by 1% and AA beats estimate by
7% and AA per turn for both India and
Europe business were higher than
estimates coming to uh coming to
commence it was a strong set of earnings
a huge beat versus estimates headline
numbers have come at multi quarter highs
Revenue beats estimates by 6% Abita by
41% margin by more than 600 bips Bata it
was a soft Q4 but it's in line with
estimates Abita is flat at 182 CR amid
sluggish demand conditions gmr airports
continues to report loss at bottom line
but it has narrowed loss reduced to 168
CR from 639 reported against the in the
same quarter last year but operationally
it was a strong set of earnings Abita is
up four times and margin has committed
33.4% versus 13.5% year on-ear Mishu a
PSU company a very weak Q4 sharp droing
margins and both AA margin is Fallen by,
bips gross gross margin is down almost
1,500 ear on year keep an eye on hero
motop its associate company hero fin cop
will be filing for an IPO and it will be
a mix of fresh and offs and fresh ISO
sizes almost U almost rupes 4,000 CR RB
infra promoters may sell up to 4% Equity
via blog disc and offer price range is R
63 to 72 per share R cble tpg Asia may
sell its entire 5% stake and offer size
seen at R 958 CR and flow price at 1%
discount to CMP
kein Tech promoter General atantic
Singapore may sell up to 6.8% equity and
floor price at 72.5 per share which is
at a discount of 4% to closing price
last is edel wise fin RBI has imposed
business restrictions on ecl finance and
edel wise
Arc it's another day of block deals th
thanks a lot for all the updates and
lastly manglam joins in with qes from
the f space manglam good morning the
almost never- ending series finally
comes to an end today yes it is was a
five we series and uh it is you know the
series expiry day today we just take a
look at the May Series so far the Nifty
has gained about 134 points of which
looks like nearly uh you know 90% would
be taken off by the gift Nifty as it is
indicating a big cut at the open itself
but you know this 134 points in a 5we
long series does not capture the move of
the series so far you have to look at
the low of the series and the high to
understand the sort of volatility that
we went through 21821 was the low and we
saw a high of 23 11 a near 1300 Point
range is what we saw during this series
itself um yesterday we did see some
weakness so there was indes ending lower
uh the midcaps did outperform by virtue
of not falling as much as the front
liners but just keep an eye out on the
India vix ahead of the big election
result ahead of exit polls and ahead of
everything is is biing time we have the
Wix which is now spiked once again to
levels closer to 24 itself what did not
help in yesterday's trading session were
two things one that there was a net
outflow from the institution so the FI
has told 5,800 CR the Di has managed to
buy just 5200 CR and secondly after 4
days of stiff buying in index Futures
the FI actually threw in some towels and
uh you know 1,700 CR worth selling is
what we saw in index Futures once again
going back to their selling ways a long
unwinding of 66,000 contracts and shorts
unwinding of 13,000 contracts so as a
result of which the long exposure which
was close to 47,000 contracts has now
gone back to a short exposure of 5,000
contracts fi being 4 99.5% long for the
expiry today 22,800 call and 22,900 call
are extremely active as is the 22750 put
telling you that the option writers
expect some support at 22650 and
congestion upwards of 22850 and 22900
just keeping an eye out on a couple of
stocks biocon and pl are out of fob ban
whereas gmr infra has entered fob ban
just on the day of the expiry stocks
entering f a ban on the day of expiry
that says a lot mangam thanks a lot for
joining in there time for a short break
on power breakfast up next Tata steel
reported its fourth quarter earnings on
Wednesday we get you more details on the
other side stay
[Music]
[Music]
tuned back with us here on power
breakfast and onto some updates that
came in from eedle Vice yesterday The
Reserve Bank of India has announced
supervisory action against edel wise
finance and eled wise Arc citing
material concerns the central bank has
restricted these entities from
undertaking any structured transaction
pertaining to its wholesale exposures Ru
Singh is joining in with more details so
Ru a tough stand taken by the RBI on
regulatory
non-compliance yes the RBI has taken a
tough stand against Regulatory
non-compliance and after PTM IFL Finance
JM financial and cak Mahindra Bank just
this year year The Reserve Bank has now
imposed business restrictions on two E
wice Group entities because of material
supervisory concerns these entities are
ecl Finance which is elel vice group's
financing nbfc arm and elce Arc which is
the asset reconstruction arm now RBI has
asked e to immediately seize and desist
from undertaking any structured
transactions relating to its wholesale
exposures and also directed elce Arc to
immediately stop acquisition of any
Financial assets including security
receipts now RBI said the action stems
from supervisory examinations where it
found that these companies engaged in
structured transactions to Evergreen
stressed exposures of ecl using edvice
Arc and connected aifs to completely
bypass regulations ECF Finance was found
to have submitted incorrect details of
its eligible book Debt to its lenders
violated kyc and loan to value Norms it
also acted as a conduit for loans from
non- lender group entities to be sold to
the arc circumventing rules which
prevent such arc's from acquiring assets
other than those from Banks and
financial institutions now in the case
of edice Arc RBI also said it failed to
place RBI supervisory letter for F22
inspection before the board it shared
non-public client information with group
entities and so on and despite
opportunities for remediation RBI said
the entities continued to find new ways
to circumvent regulations is prompting
this action however RBI will review the
restrictions once the companies Rectify
these concerns so tough stance taken by
the regulator and the recurring theme
we're continuing to see in all of these
actions is that gone are the days when
RBI will stop with just a wrap on the
knuckle or a small regulatory fine and
the regulatory action like the governor
said is going to be proportionate to the
gravity of the
situation Ru thanks a lot for that now
Tata steel will be in Focus today after
the company reported a good fourth
quarter result Nigel is joining in with
the highlights Nigel good morning how
are the numbers well Tata steel actually
the numbers are quite good you know the
only problem is the global headwinds
that we seeing this morning but those
numbers good on the top line it was a
bit of a beat the B number that's a
Consolidated number as well was better
than what we were working with but for
tala steel as I always mentioned the
geographical breakup is most key so the
India business the bit up per T was a
little better than what we're working
with what's happening though is take a
look at that Europe number the losses
have come down drastically it came in
nearly of half of what we were working
with so some on the street were in the
vicinity of around a $80 to a $110 odd
so a negative number of closer on $40
per ton well that's hardening and you
know the street will start building and
that things could improve on that front
even from year on focusing on the India
business well it came in at around
15,000 rupees on a sequential basis it
was a bit of a dip but going ahead
that's for quarter one things will look
up why do I say that because steel
prices have moved up and input costs are
likely to cool off so India business
will do better in quarter 1 move to the
European business as well out there you
know the losses have come down
drastically both on the Netherlands
business as well as on the European
business what played out there there was
a realignment of blast furnace to take
place in Netherlands that got completed
so that explains why in fact we did see
some bit of a recovery on that front
that's uh uh you know the number that
comes up for you on the screen that's in
rupees per ton uh just you know ignore
the dollar sign out there uh that's in
rupees per turn so good recovery is what
we saw and the other heartening aspect
is the debt number didn't go up on a
sequential basis this despite incurring
a capex of close to around 4,500 cres on
so all in all India was a little bit
better Europe was much better going
ahead things will improve and the debt
number as well flattish despite a kex
the street will like these numbers back
to you lots of positives for T Steel
Nigel thanks a lot for that update we'll
keep an eye out on that stock and we'll
be joined by Tata Steels MD and CEO TV
narendran at 1:35 p.m. today to discuss
the earnings Outlook and more so do stay
tuned for that conversation only on cnvc
TV8
from earnings we move to a bit of macro
data now the government will release the
GDP data for the fourth quarter tomorrow
and brokerages are painting a mixed
picture for that but majority of them
expect the growth for the full year to
meet the government's projection of 7.6%
sapna Das is here with more sapna what
is the street
expecting well there are mixed reports
that have come in from various
brokerages as far as India's Q4 GDB
print is concerned and what the fund
number for f24 could be for instance
City and icc's uh growth forecasts are a
bit subdued in comparison JP Morgan
Morgan staning of course SBI research
are comparatively bullish uh so for
example JP Morgan what it says is the
fact that uh you know on the back of
stronger than expected manufacturing
exports as well as U uh domestic public
investment they expect the Q4 GDP print
to be around 7% uh this would also push
the entire Financial Year's Outlook up
to
7.9% Morgan Stanley to expects the indan
economy to expand by 7.9% in the
previous Financial year and the growth
Outlook of course is positive SBI
research is one of the most bullish they
expect the Q4 number to come in at
7.4% uh and this will take the entire
Year's uh number to 8% growth uh city of
course is the most subdued among the lot
uh City expects a considerable uh you
know fall uh in the Q4 GDP print almost
by 2% from uh uh you know from a high of
8.4 in Q3 to 6.5% % for Q4 uh they also
expect the GV to be slower at 6% and for
the full Financial year this will bring
the number to 7.7% that's how that's how
much they expect the Indian economy to
grow by but let's keep in mind this is
still 10 basis points higher than the
nso's estimate of
7.6% uh IC of course they expect the Q4
number to kind of moderate to 6.7% but
they expect a big fall in the gva from
6.5% to 5.7% and they expect the full
year growth estimate at 7.8% of course
this now brings us to what the GSU has
been well the ca has been pretty much
clear that on the back of strong q1 Q2
and Q3 numbers for instance uh you know
uh the first nine months of the current
Financial year India has grown by 88.2%
in the previous Financial year and so
the ca says that this is going to help
you know maybe bring the full Year's
number to 8% growth number uh growth
level uh again in the current year a lot
of estimates have already come in right
from mdbs to a number of brokerages and
their growth forecast anywhere between
6.6 to 7 r% for India of course RBI and
ADB at 7% World Bank lowest at 6.6% and
the government's view as of now is that
this could be an underestimate but that
would be dependent on GE political
factors as well as how the monsoon
progresses and Beyond f25 uh the chief
economic adviser himself expects India
to grow at a slow at a steady pace of 6
and a half to 7% so that's going to be
the normal going forward
sapad there with the growth expectations
for India the GDP numbers to be released
tomorrow let's slip into a short break
up next we get you CU from the commodity
space back on the other
[Music]
side back with us on power breakf first
and let's now take a look at what's
happening in the world of Commodities
now oil prices are trading steady at
levels of $84 a barrel now worries over
the weak us gasoline demand the pce data
due on Friday and the upcoming OPEC plus
meeting continues to remain on top of
the investors Minds gold prices though
have dipped to levels of around $2,300
an ounce dragged by strength in the US
dollar and the high bond yields there as
well meanwhile silver prices are steady
around $32 an ounce and the big
corporate development from the commodity
World mining giant the BHP group has
said that it has withdrawn its $49
billion plan to take over its rival
anglo-americans so these are some of the
updates there from the commodi space now
from Commodities we move to weather
updates and there is a severe Heatwave
affecting the North Indian states of
Rajasthan harana Punjab and even Delhi
in Rajasthan and harana the temperatures
Rose above 50° C and Delhi also saw its
hottest temperature ever on Tuesday
reaching 52.3 de C the health department
has confirmed deaths caused by heat
stroke in the states of Rajasthan Delhi
and Karnataka there is a little resite
inside with the IMD issuing an orange
alert for a severe heat wave today
however in some glimmer of hope for
Delhi the IMD said that the national
capital might receive light rainfall on
Friday and on Saturday as
well and amidst this scorching heat we
call time on this edition of power
breakfast from me and the team that put
this show together thank you so much for
watching Bazar morning call takes the
action forward
[Music]
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