Ashutosh Joshi

1 week ago | bloomberg.com | Divya Patil |Ashutosh Joshi

(Bloomberg) -- India’s corporate bond funds received the highest inflows in over two years as aggressive cash injections by the central bank spurred investments by the nation’s lenders. These funds attracted a net 119.8 billion rupees ($1.4 billion) last month, the highest since March 2023, according to data from the Association of Mutual Funds in India. This marks the second straight month of inflows into funds that invest mainly in company debt rated AA+ and above.

1 week ago | bloomberg.com | Subhadip Sircar |Ashutosh Joshi |Divya Patil

The National Stock Exchange (NSE) in Mumbai, India, on Wednesday, Feb. 19, 2025. Carlyle Group Inc.’s Hexaware Technologies Ltd. rallied on Wednesday after India’s first billion-dollar initial public offering of 2025, signaling investor appetite for new listings remains strong despite the weakness in broader markets.

2 weeks ago | bloomberg.com | Subhadip Sircar |Ashutosh Joshi |Menaka Doshi

India’s central bank will cut its benchmark interest rate by a quarter-percentage point Friday on the back of easing inflation to support growth, some of the country’s leading fund managers who together oversee over $73 billion in assets said on Tuesday. Axis Asset Management Co. expects the current easing cycle to end with the repo rate at 5.5% while Kotak Mahindra Asset Management Co. said the rate could go as low as 5%.

2 weeks ago | bloomberg.com | Ashutosh Joshi |Dave Sebastian

The National Stock Exchange in Mumbai. Photographer: Dhiraj Singh/Bloomberg(Bloomberg) -- A spate of block trades has pushed India’s cash equity trading value to a nearly seven-month high. Daily turnover has reached almost $14 billion, the highest since early November, according to data compiled by Bloomberg. The revival follows a drop to below $11 billion in early March, when significant foreign fund outflows pushed local shares to multi-month lows.

3 weeks ago | bloomberg.com | Ashutosh Joshi

(Bloomberg) -- Early monsoon Alcohol companiesONGC’s ambitionsGood morning, this is Ashutosh Joshi, an equities reporter in Mumbai. Local equities are likely to open strong, thanks to the weakness in the dollar and the US delaying its tariffs on the EU. Asian stocks are trading higher, which will also support sentiment. Investors will be monitoring India’s GDP data due later this week to assess the strength of economic recovery.