Asian Markets Trade Lower Tracking Overnight Losses On Wall Street; D-Street To Open In The Red?

Summary

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

00:00

📉 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。

05:02

🏛 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。

10:04

📊 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。

15:07

🌡️ 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。

20:09

📈 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。

Keywords

💡ナスダック

ナスダックはアメリカの証券取引所の一つであり、5月で最も悪い日を迎えたと動画内で報告されています。これは株式市場の動向を理解する上で重要なキーワードで、ナスダックはテクノロジー企業を中心とした多くの企業の株式を扱っていることを意味します。

💡アジア太平洋市場

アジア太平洋市場はアジア地域の株式市場を指しており、動画ではこれらの市場がウォールストリートからの弱い信号に応じて低下していると報告されています。アジア太平洋市場は世界経済の動向を反映しており、投資家にとって重要な指標です。

💡原油価格

原油価格は国際市場での原油の価格を指し、動画ではOPECプラスの会議が近づくことで価格が変動していると説明されています。原油価格は世界経済や企業の収益性に大きな影響を与えるため、重要な経済指標の一つです。

💡黄金価格

黄金価格は金の価格を指しており、動画ではドルの強化と利回りの上昇により下落していると報告されています。黄金は経済の不安定性に対する避難地として投資家に人気があり、市場の信頼性を示す指標として機能します。

💡リザーブバンク・オブ・インディア

リザーブバンク・オブ・インディアはインドの中央銀行であり、動画では監督上の懸念と規則違反からe-wiseグループの2つの企業に業務制限を課したと報告されています。中央銀行は国の金融政策を管理し、経済の安定を確保する重要な役割を果たしています。

💡企業収益

企業収益は企業の業績を指しており、動画ではTata Steelなどが好調な第四四半期の業績を報告しています。企業収益は投資家の投資判断に影響を与える重要な指標で、企業の健全性や将来の成長可能性を示します。

💡GDPデータ

GDPデータは国内総生産を意味し、動画ではインド政府が第四四半期のGDPデータを発表する予定があると報告されています。GDPは国の経済規模と成長率を測る主要な経済指標であり、政策決定や投資家の判断に影響を与えます。

💡熱波

熱波は気温が異常に高く、持続する熱い気候現象を指し、動画ではインド北部の州で熱波が報告されており、死亡者も出ているとされています。熱波は農業、健康、エネルギー需要などに影響を及ぼすため、重要な気象現象です。

💡BHPグループ

BHPグループは世界最大級の鉱業企業の一つであり、動画では同社が競合であるアンゴロ・アメリカンスの買収計画を撤回したと報告されています。鉱業企業の買収は資源獲得や市場シェア拡大につながるため、産業界の大きなニュースです。

💡株式市場

株式市場は企業の株式を売買する場所であり、動画ではウォールストリートの株式市場が弱いパフォーマンスを示したと報告されています。株式市場は経済の健康状態を反映し、投資家にとって重要な市場です。

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

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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

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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

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