HSBC expects India’s growth to cool to 6% in FY27, citing an energy crisis and insufficient rainfall. The same pressures are forecast to lift inflation, putting the Reserve Bank under pressure. HSBC says the RBI could raise rates twice this fiscal year, with the impact expected to hit the formal sector, rural households, and small businesses hardest.
HSBC reported flat first-quarter profit as rising credit loss charges in the UK and provisions tied to the Middle East conflict weighed on results. The bank expects further credit losses this year, citing a worsening economic outlook and a major charge linked to a UK investment bank exposure. HSBC also revised its 2026 credit charge forecast upward.
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HSBC has named Gautam Anand to head its global India private banking unit, focused on serving affluent clients with Indian ties through stronger cross-border wealth management. Anand will oversee operations across India and key international centers. The appointment follows HSBC’s 2023 launch of global private banking in India aimed at high-net-worth individuals, signaling an intensifying push in this niche market.
HSBC has upgraded US equities to overweight from neutral, pointing to strong earnings momentum and easing geopolitical risks. At the same time, it cut Europe ex-UK to neutral, citing weaker activity and rising energy price risks. The broker also prefers sectors with lower commodity input costs, highlighting banks, insurance, and technology.
HSBC keeps a Buy on Eternal but cautions growth may be uneven, pointing to intensifying quick commerce competition as a key risk for Blinkit. The broker warns premium pricing and mounting market-share pressure from aggressive rivals could trigger near-term volatility. Still, HSBC expects strong long-term value with sizable EBITDA growth and potential upside of 40–50% over the coming years.
HSBC has cut its India equity exposure and increased its focus on South Korea, pointing to Korea’s sharp earnings growth. The bank says India’s earnings recovery is genuine but gradual, and its stance remains long-term bullish. HSBC frames the move as tactical rather than structural, urging investors to stay optimistic and target emerging Indian sectors.
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A new HSBC report shows Indian companies are going global with confidence: nearly all businesses plan to expand cross-border trade and investment over the next five years. As economic uncertainty persists, they’re reshaping strategies and deploying more capital internationally. High-growth markets are the target, with AI and digital finance playing an increasingly central role in expansion plans.
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.
HSBC Securities has downgraded India to “underweight” for the second time in a month, keeping a bearish stance on the stock market. The move is tied to heightened US-Iran war risks and surging oil prices, which could stoke inflation concerns and pressure investor sentiment.
India’s private sector growth accelerated in April, with the HSBC Flash Composite PMI rising to 58.3 as manufacturing and services rebounded from the previous month. Despite war-driven concerns and fuel disruptions linked to the Hormuz region, hiring surged to a 10-month high. Price pressures eased only partially, while confidence slipped as firms weighed near-term uncertainty.
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