Morgan Stanley believes India can lift nominal growth toward 12% even as a West Asia crude oil crisis squeezes the global outlook. The bank says earnings growth has already turned after a six-quarter mid-cycle slowdown and should improve further, supported by RBI and government reflationary steps such as rate cuts, bank deregulation, liquidity infusion, and targeted capex in energy, defence, semiconductors, fertilisers, and data centres. Challenges remain, including limited direct AI exposure for equities and AI disruption risks for services exports.
Roblox shares fell to their lowest level in 18 months after the gaming platform cut its annual bookings forecast. Investors are concerned that newly introduced safety measures could dampen engagement and limit user growth for multiple quarters. The warning adds pressure as markets weigh whether the platform’s safety push will meaningfully affect its monetization trajectory.
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Indian equities may look calm, but experts including Kunal Vora warn that macro stress is building behind the scenes. Rising crude oil and a weakening rupee could pressure costs and sentiment, while signs of complacency raise the risk of earnings cuts. Analysts also expect downward revisions to Nifty earnings estimates for FY27 as economic softness shows through.
Meesho shares jumped nearly 10% after JP Morgan initiated coverage with an Overweight rating and a Rs 215 target price. The brokerage expects EBITDA margin expansion and strong net merchandise value growth, fueled by advertising monetization and logistics improvements. It also projects a recovery in free cash flow, betting that Meesho’s market leadership can sustain further gains.
HSBC downgraded Indian stocks to “underweight,” citing rising energy prices tied to the Middle East war. The bank warns the shock could cloud India’s earnings recovery and make the market less attractive than North East Asian peers. Foreign investors have also been net sellers, though HSBC points to selective opportunities in private banks, base metals and healthcare.
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