Global News & India Impact
1. Japan – Yen Slide & BoJ Policy Dilemma
Yen fell ~4% MTD as USDJPY broke 153 amid political uncertainty. Markets expect a possible earlier or second BoJ rate hike. PM contender Sanae Takaichi’s remarks on aligning BoJ policy with govt goals raised independence concerns.
➡ Impact: Weaker yen may spark Asian FX volatility and short-term FPI outflows. BoJ tightening could curb liquidity, slightly negative near term.
Stocks: Maruti Suzuki, Motherson Sumi, Kansai Nerolac
2. U.S. – Trade Slowdown with China
U.S. imports fell 8.4% YoY; from China down 22.9%. Drewry freight index slipped 3% YoY – first fall since 2024.
➡ Impact: Opens room for Indian exporters in electronics, textiles, and machinery. Lower freight costs help margins, though U.S. demand may soften.
Stocks: Dixon Tech, Amber, Welspun India, KPR Mills
3. Taiwan – Exports Miss Estimates
Exports rose 33.8% YoY to $54.25B; semiconductor exports up 86.9%.
➡ Impact: Confirms AI hardware boom, positive for Indian IT and chip-design players.
Stocks: Tata Elxsi, L&T Tech, Moschip
4. Philippines – Rate Cut
BSP cut rates 25 bps to 4.75% amid weak growth.
➡ Impact: Regional easing supports RBI pause, aiding inflows into India.
Stocks: HDFC Bank, ICICI Bank, SBI
5. Mexico & Brazil – Inflation Divergence
Banxico signals more cuts; Brazil inflation at 5.17%.
➡ Impact: Mixed EM trends keep global risk balanced; stable commodities aid India’s CPI.
Stocks: ONGC, Hindalco, Coal India
6. India Macro Pulse
E-way bills hit record 132M in Sept (+21% YoY); 83% of firms expect higher Q2 orders. GST cuts lift demand.
➡ Impact: Robust domestic momentum sustains 7%+ GDP and supports capex cycle.
Stocks: L&T, Ultratech, Havells
7. India–Global Relations
Modi–Trump call and India–UK FTA progress strengthen trade ties.
➡ Impact: Boosts export diversification, investor confidence, and rupee stability.
Stocks: Tata Motors,