Alex Simon Journalist Profile

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Luxury Flat, $30,000 Golf Set Sink India Stock After 3,600% Jump

1 week ago | financialpost.com | Ashutosh Joshi |Alex Simon

Advertisement 1Gensol Engineering Ltd.’s shares fell to their lowest in nearly three years Wednesday after India’s market regulator barred the firm’s founders from the securities market over alleged funds diversion. Article content(Bloomberg) — Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Sign In or Create an AccountArticle contentWe apologize, but this video has failed to load.
Funds Pile Into Shorts on Indian Stock Futures Before Earnings

Jan 9, 2025 | bloomberg.com | Alex Simon

Overseas investors have turned the most bearish on Indian stock index futures in seven months just as the earnings seasons is about to start. Foreign funds added nearly 19,000 short positions on index futures managed by India’s National Stock Exchange on Wednesday, boosting their net shorts to 238,000 contracts, the most since June. Tata Consultancy Services Ltd. kicks off the earnings season later Thursday when it announce its results for the three months through Dec. 31.
India Investors Watch TCS Growth Outlook as Earnings Season Begins

Jan 8, 2025 | bloomberg.com | Alex Simon

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Nifty futures suggest a lackluster start to Thursday’s session, with the downtrend in Asian markets unlikely to boost sentiment. Also, there are signs of small investors losing steam, which adds to the gloom as foreign investors remain net sellers of local shares.
India Market Buzz: Foreign Funds Surge Back Despite Macro Woes

Dec 9, 2024 | bloomberg.com | Alex Simon

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Asian markets are rallying following China’s stimulus measures, which should lift our market as well. Although Nifty futures signal a lukewarm start, momentum should build closer to the opening bell.
India Fund Motilal With 63% Return Adds Consumer, Electronics Component Stocks

Dec 9, 2024 | bloomberg.com | Alex Simon

India’s Motilal Oswal Asset Management Co. is expecting the country’s insatiable appetite for discretionary goods and the government’s push to expand manufacturing to spur the next leg of a rally in related shares. Chief Investment Officer Niket Shah said he’s adding shares of companies that offer lower priced non-essential goods, such as jewelry and apparel, on expectations of increased spending. He’s also scouting for opportunities in India’s growing electronic component sector.
Nifty Set For Back-to-Back Monthly Losses For The First Time Since Early 2023

Nov 28, 2024 | bloomberg.com | Alex Simon

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. A big chunk of recent gains got wiped out on Thursday, which makes this a sell-on-rise market. Nifty futures are slightly higher, but the weakness in Asian and US markets signals more losses in domestic equities.
Stable Indian Rupee Weathers Currency Storm Unleashed By Trump's Tariff Threats

Nov 27, 2024 | bloomberg.com | Alex Simon

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Nifty futures are trading flat, mirroring the narrow range seen in key Asian markets. While the worst of the recent selloff locally appears to have subsidies, bulls are likely to tread cautiously due to still-elevated valuations and sluggish foreign inflows.
Boom in India's Unlisted Share Trading Creates Riches and Risks in

Nov 27, 2024 | bloomberg.com | Advait Palepu |Alex Simon

As India’s stock exchanges expand, minting dozens of billionaires over the past few years, a sprawling and largely unregulated gray market for unlisted shares has emerged. Analysts estimate that monthly trading has averaged as much as $300 million this fiscal year, up from $50 to $60 million last year. Investors are snapping up pieces of India’s hottest companies before they’re listed on benchmark indexes, including upstart quick commerce firms like Swiggy Ltd.
Quant Mutual Fund’s Big Adani Bet Turns Sour on Bribery Charges

Nov 21, 2024 | bloomberg.com | Alex Simon

Bullish wagers by one of Adani Enterprises Ltd.’s biggest backers are looking vulnerable, following its shares’ tumble caused by the US indictment of its chairman. Quant Mutual Fund, an Indian asset management firm that bought nearly half of $500 million worth of Adani Enterprises’ shares sold in a placement in October, is suffering from a loss of as much as 27% of that investment amid Thursday’s drop.
India Market Buzz: CLSA, Citi Split on Local Shares’ Outlook

Nov 17, 2024 | bloomberg.com | Alex Simon

Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Good morning, this is Alex Gabriel Simon, an equities reporter in Mumbai. Nifty futures suggest a positive start for Indian equities, mirroring the broadly bullish trend in Asia this morning.