Daily BriefsIndia

Daily Brief India: SGX Rubber Future TSR20, Hexaware Technologies, NIFTY Index and more

In today’s briefing:

  • Indian Producers Anticipate Higher Prices Till December
  • Hexaware Technologies Pre-IPO Tearsheet
  • EQD / NSE Vol Update / As Suspected … Risk-Premia Unable to Hold Its Bid


Indian Producers Anticipate Higher Prices Till December

By Vinod Nedumudy

  • Prices showing uptrend after a marginal slide in recent times  
  • Kerala climate conducive for production, leading to good yield  
  • More regions in bid to expand rubber area buoyed by higher prices

Hexaware Technologies Pre-IPO Tearsheet

By Akshat Shah

  • Hexaware Technologies (HEXW IN)  is looking to raise about US$1.2bn in its upcoming India IPO. The deal will be run by JPM, Kotak, HSBC, IIFL Securities and Citi.
  • Hexaware Technologies is a global digital and technology services company delivering innovative solutions that help customers in their digital transformation journey and subsequent operations, as per the company.
  • Its offerings encompass five services, namely Design & Build, Secure & Run, Data & AI, Optimize, and Cloud Services.

EQD / NSE Vol Update / As Suspected … Risk-Premia Unable to Hold Its Bid

By Sankalp Singh

  • IVs traded lower as risk sentiment received a boost. Markdown in risk-premia confirms earlier premise that the early-September Vol-spike was a seasonality driven event
  • Vol-Curve Term-structure going into the Fed meeting – Slightly inverted for Nifty50 options & exhibiting V-shape kinked curve for BankNifty options
  • Volatility Regime Model for BankNifty has switched to “Low & Down”, while Nifty50 options retain their “High & Down” vol-state. 

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